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FPX Nickel
(FPX)
FPX Nickel (FPX) vs. S&P 500 (SPY)
FPX Nickel Business Overview & Revenue Model
FPX Nickel Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -250.71K | -138.98K | -88.08K | -50.69K | -32.00K | -32.22K | EBIT |
| -3.37M | -5.67M | -3.69M | -3.83M | -1.33M | -1.03M | EBITDA |
| -2.52M | -4.27M | -3.61M | -3.75M | -1.28M | -741.92K | Net Income Common Stockholders |
| -2.71M | -4.34M | -3.64M | -3.87M | -2.31M | -1.72M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.93M | 28.92M | 18.02M | 14.54M | 5.84M | 1.73M | Total Assets |
| 3.89M | 59.89M | 42.27M | 30.46M | 16.32M | 11.53M | Total Debt |
| 0.00 | 269.44K | 154.07K | 237.71K | 3.43M | 8.01M | Net Debt |
| -1.93M | -28.65M | -17.86M | -14.30M | -2.41M | 6.28M | Total Liabilities |
| 46.27K | 2.33M | 718.43K | 690.88K | 3.65M | 8.22M | Stockholders Equity |
| 3.84M | 56.06M | 39.94M | 29.77M | 12.68M | 3.31M |
| Cash Flow | Free Cash Flow | ||||
| -3.56M | -2.17M | -10.54M | -6.43M | -1.39M | -1.03M | Operating Cash Flow |
| -1.88M | -1.97M | -3.22M | -1.66M | -659.66K | -697.69K | Investing Cash Flow |
| -11.23M | -6.39M | -7.34M | -4.77M | -749.66K | -335.73K | Financing Cash Flow |
| 18.26M | 19.27M | 14.04M | 15.13M | 5.52M | 1.31M |
FPX Nickel Technical Analysis
FPX Nickel Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
53 Neutral | C$40.76M | ― | -79.38% | ― | ― | 34.27% | |
49 Neutral | $1.95B | -1.50 | -22.00% | 3.79% | 0.66% | -27.40% | |
46 Neutral | C$13.14M | ― | -75.82% | ― | ― | 48.31% | |
42 Neutral | C$75.59M | ― | -4.25% | ― | ― | 48.82% | |
41 Neutral | C$10.68M | ― | -15.16% | ― | ― | -9.80% |
FPX Nickel Corporate Events
FPX Nickel Corp. has announced updates on its 2025 community initiatives, emphasizing its commitment to local community investment and support. The company has launched a Student Bursary Program in collaboration with Indspire, providing financial assistance to Indigenous students, and a Community Investment Program aimed at fostering positive impacts in the communities around its operations. These initiatives include funding for public skating, support for cultural and educational events, and sponsorship of community activities, reflecting FPX Nickel’s dedication to addressing inequality and supporting community development.
Spark’s Take on TSE:FPX Stock
According to Spark, TipRanks’ AI Analyst, TSE:FPX is a Neutral.
FPX Nickel’s overall stock score is low due to critical financial challenges, including no revenue generation and reliance on external funding, which pose significant risks. Although technical indicators are neutral and recent corporate developments offer potential upside, the current unattractive valuation and financial struggles weigh heavily on the score.
To see Spark’s full report on TSE:FPX stock, click here.
FPX Nickel Corp. has extended its Global Generative Exploration Alliance with JOGMEC into an open-ended joint venture, focusing on the global identification and acquisition of high-quality awaruite nickel properties. The alliance has established a budget of $1,500,000 for its third year, with FPX assuming a majority position by contributing 60% of the expenditures. This strategic move aims to enhance FPX’s industry positioning by securing additional large-scale nickel property acquisitions, which are crucial for the electric vehicle battery supply chain. The alliance has already acquired its first Designated Project, with further details to be disclosed in the coming months.
Spark’s Take on TSE:FPX Stock
According to Spark, TipRanks’ AI Analyst, TSE:FPX is a Underperform.
FPX Nickel faces substantial financial challenges with no revenue and reliance on external funding, leading to a low financial performance score. The recent positive corporate developments in the form of a promising scoping study for a nickel refinery provide a potential future upside but are not yet reflected in the financials. The technical indicators are neutral, and the valuation remains unattractive, resulting in a low overall stock score.
To see Spark’s full report on TSE:FPX stock, click here.
FPX Nickel Corp. has published a scoping study for a proposed standalone refinery to produce battery-grade nickel sulphate for the electric vehicle industry, with additional by-products like cobalt, copper, and ammonium sulphate. The study highlights strong economic potential with a 40-year operational life, low-cost production, and low carbon intensity, positioning FPX Nickel as a key player in the sustainable EV battery supply chain.
FPX Nickel Corp. has announced a Scoping Study for a new standalone refinery aimed at producing battery-grade nickel sulphate from awaruite concentrate, primarily for the electric vehicle industry. The study highlights the project’s strong economic potential, with an after-tax NPV of $445 million and a 20% IRR, alongside a 40-year operational lifespan. The refinery is expected to produce 32,000 tonnes per annum of nickel, with low operating costs and carbon intensity, positioning it competitively within the global market.
FPX Nickel has announced plans for the Baptiste Nickel Project in 2025, which include advancing engineering studies, collecting environmental data, and engaging with First Nations and governmental bodies to prepare for the environmental assessment process later that year. The project is recognized by British Columbia’s new Critical Minerals Office, which provides support and resources to facilitate project readiness and stakeholder agreements, underscoring its strategic importance in the critical minerals sector.