VANCOUVER. BC, July 5, 2022
/CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB:
FPOCF) ("FPX" or the "Company") is pleased to
announce the appointment of Cooper
Quinn as the President and Chief Executive Officer of its
carbon capture and storage ("CCS") subsidiary company, CO2
Lock Corp ("CO2 Lock"). Mr. Quinn brings to CO2 Lock
over 15 years of experience in Canadian and international
geoscience, with a diverse background in senior management of
exploration programs and company leadership.
"We are very pleased to welcome Cooper as CO2 Lock's CEO, who
will lead the charge in our pursuit of opportunities in
large-scale, low-cost and permanent CCS," commented FPX's Chairman,
Peter Bradshaw. "Cooper brings
a demonstrated track record of value creation in the geosciences
and a personal passion for environmental sustainability, key
attributes for accelerating our ambitions to achieve gigaton-scale
carbon mineralization in prospective geological settings around the
planet."
On March 30, 2022, FPX announced
the formation of CO2 Lock to pursue geoscience-related CCS
opportunities. Expanding from five years of laboratory and
field research conducted with partners including the University of British Columbia ("UBC") and
Natural Resources Canada ("NRCan"), CO2 Lock is focused on
developing CCS operations in geological settings worldwide with
similarities to FPX's Decar Nickel District. CO2 Lock has
established ownership interests in prospective mineral tenures and
is developing intellectual property associated with the operation
of CCS sites worldwide.
"I'm very excited about the opportunity represented by CO2
Lock," said Cooper Quinn. "Shifting
our planet to net-zero is going to require a staggering amount of
emissions reduction and CCS to return the atmosphere to
pre-industrial levels. I'm hopeful CO2 Lock can contribute a
meaningful amount to this global challenge. Having access to
the five years of CCS data and research from FPX, we have an
excellent head start, including a global database of potential
storage locations that gives us a first-mover advantage in
developing standalone sites to permanently mineralize and store
CO2."
Mr. Quinn has over 15 years of experience in the mining
industry, ranging from on-site project exploration to public
company management, mergers-and-acquisitions, and due diligence
mandates. Most recently, he was the President of Canterra
Minerals, a public company conducting exploration activities in
Newfoundland. Prior to joining Canterra, Mr. Quinn was
President of Osprey Gold, an exploration company focused on
Nova Scotia, which was acquired in
2020 by MegumaGold. He has worked for a variety of
exploration and development companies across numerous commodities
with projects in North America,
Greenland, Europe, and the South Pacific Islands.
Mr. Quinn assumes the role of CO2 Lock's CEO from David Molinski, who served as the entity's
founding CEO. Mr. Molinski will continue to serve on CO2
Lock's board of directors alongside Peter
Bradshaw and FPX's President and CEO, Martin Turenne.
For further information on CO2 Lock and FPX Nickel's carbon
mineralization testwork, see the Company's news releases dated
March 30 and May 31, 2022.
About CO2 Lock Corp.
CO2 Lock's vision is to commercialize the CCS potential of
ultramafic brucite-rich serpentinized peridotite host rocks, with a
mission to license or construct and operate commercial CCS projects
capable of permanently and profitably locking away hundreds of
millions of tonnes of CO2 per year at scale. In pursuit of
this objective, CO2 Lock will execute exploration and engineering
activities to advance the development of large-scale carbon
operations capable of mineralizing carbon dioxide in these rocks
and associated carbon-depleted waters both at-surface (ex-situ
mineralization) and underground (in-situ mineralization). CO2
Lock's website is accessible at www.co2lockcorp.com.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development
of the Decar Nickel District, located in central British Columbia, and other occurrences of the
same unique style of naturally occurring nickel-iron alloy
mineralization known as awaruite. For more information, please view
the Company's website at www.fpxnickel.com or contact
Martin Turenne, President and CEO,
at (604) 681-8600 or ceo@fpxnickel.com.
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne, President, CEO and
Director
Forward-Looking
Statements
Certain of the statements made and information contained
herein is considered "forward-looking information" within the
meaning of applicable Canadian securities laws. These statements
address future events and conditions and so involve inherent risks
and uncertainties, as disclosed in the Company's periodic filings
with Canadian securities regulators. Actual results could differ
from those currently projected. The Company does not assume the
obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
SOURCE FPX Nickel Corp.