FPX Nickel Corp. Advances in Share Repurchase Strategy

In a strategic move to enhance shareholder value, FPX Nickel Corp., a prominent player in the metals and mining sector, has made significant progress in its Normal Course Issuer Bid (NCIB). The company, which focuses on the exploration and development of nickel-iron alloy mineralization known as awaruite, has been actively repurchasing its shares on the TSX Venture Exchange.

As of July 24, 2025, FPX Nickel has successfully repurchased 720,000 common shares at an average price of $0.24 per share. This initiative is part of a broader strategy announced on December 2, 2024, allowing the company to acquire up to 5,000,000 common shares, representing approximately 2% of its issued and outstanding shares, over a 12-month period ending December 5, 2025. All repurchased shares have been cancelled, reflecting the company’s commitment to optimizing its capital structure.

The repurchase program is being executed through open market transactions, with the acquisition price determined by prevailing market conditions. Cormark Securities Inc. is managing the NCIB on behalf of FPX Nickel, ensuring that the process aligns with the company’s strategic objectives.

Despite a challenging financial landscape, as indicated by a negative price-to-earnings ratio of -26.51 and a market capitalization of 80.3 million CAD, FPX Nickel’s proactive share repurchase strategy underscores its confidence in the long-term value of its exploration projects in British Columbia and the Yukon Territory. The company’s focus on naturally occurring nickel-iron alloy mineralization positions it well within the evolving metals and mining industry.

As FPX Nickel continues to navigate the complexities of the market, its share repurchase efforts signal a forward-looking approach aimed at strengthening shareholder value and reinforcing its position in the sector. Investors and stakeholders will be keenly watching the company’s progress as it moves closer to achieving its NCIB targets.