12:42 PM EDT, 09/16/2025 (MT Newswires) -- FPX Nickel ( FPOCF ) said Tuesday it secured $3.5 million from Natural Resources Canada's Critical Minerals Infrastructure Fund to advance its Baptiste nickel project in British Columbia.

The non-repayable contribution is expected to cover 50% of estimated costs for feasibility studies and environmental and cultural baseline work in collaboration with First Nations, to support the access road and electrical transmission line required for the Baptiste project.

"These funds awarded under the Critical Minerals Infrastructure Fund will enable FPX to deepen its engagement with area First Nations," said chief executive Martin Turenne.

Shares of FPX Nickel ( FPOCF ) were last seen up $0.007 to $0.273 on the TSX Venture Exchange.

Price: 0.27, Change: +0.01, Percent Change: +3.02