VANCOUVER, BC, June 21,
2022 /CNW/ - FPX Nickel Corp. (TSXV: FPX),
(OTCQB: FPOCF) ("FPX" or the "Company") is
pleased to announce that it has executed a new Development
Memorandum of Agreement ("MoA") for the Decar Nickel
District ("Decar") with Binche Keyoh Bu Society (the
"Binche Society"), representing the Keyoh families within
the Binche Whut'en in central British Columbia.
FPX has had a longstanding Memorandum of Understanding
("MoU") for Decar with the Tl'azt'en Nation which included
Binche Keyoh families, prior to the de-amalgamation of Binche from
Tl'azt'en and formation of the Binche Whut'en in
2019.
The new MOA between FPX and the Binche Society formalizes
protocols for continuing the cooperative working relationship
established between FPX, the Binche Society and constituent Keyoh
families regarding exploration and development activities at
Decar. The MOA confirms the support by the Binche Society and
constituent Keyoh families for offsite engineering and scientific
studies and onsite field programs and describes how project
activities will be managed with respect to:
- cultural and environmental interests of the Binche
Whut'enne;
- on-going community consultation activities; and
- socio-economic benefits to the Binche community through
capacity funding, and business and employment opportunities.
"Since the beginning of exploration activities at Decar in
2008, FPX has worked respectfully with the traditional
Keyoh families of Binche Whut'enne and Tl'azt'enne to create shared
value through employment and economic opportunities, while also
being responsible stewards of the natural environment," commented
FPX's President and CEO, Martin
Turenne. "The signing of this Memorandum of Agreement
marks an important milestone in the continued development of a
mutually beneficial partnership between FPX and the Keyoh families
of Binche Whut'enne."
"It is the Traditional Keyoh Holders that bring certainty and
confidence to development for industry on Traditional Keyoh
Territories. I'm very glad to see FPX build a strong
foundation with the Keyoh Holders with knowledge on Traditional
Governance and reconciliation," stated Joshua Hallman, President, Binche Keyoh Bu
Society. "FPX is demonstrating that it understands the
importance of traditional values and principles for Keyoh Holders
and families and the execution of the MoA shows that the Company is
committed to seeing economic growth for Binche Whut'enne, Keyoh
Holders & families. We believe that industry can follow
FPX's leadership in the right direction."
"This Memorandum of Agreement between FPX and the Binche Keyoh
Bu Society along with the Binche Whut'enne Keyoh families is one of
the first traditional agreements signed without any involvement by
Binche Whut'en Chief & Council," explained Chief Dwayne R. Martin of Binche Whut'en. "This
agreement signifies that the Binche Whut'enne Keyoh families are
recognized as the true title and rights holder that have the
decision-making authority for their traditional family Keyoh
territories. The relationship that FPX has created with
the Binche Whut'enne Keyoh families and the Binche Keyoh Bu Society
is a true testament that FPX is committed to collaborating
with the traditional landowners and supporting the Binche Keyoh Bu
Society economic development entities connected to this mine
development project."
About Binche Keyoh Bu
Society
The Binche Keyoh Bu Society is a not-for-profit community
organization representing the interests of the Keyoh families
within the Binche Whut'en Consultative Boundary in central
British Columbia.
"Keyoh family" means a family closely related whose history,
culture and traditions are tied to a specific tract of land (keyoh)
in which their family has rights and title as confirmed by oral
traditions.
"Keyoh Holders" means those persons who are the heads of the
Keyoh families.
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.