VANCOUVER, BC, May 29, 2024
/CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB:
FPOCF) ("FPX Nickel" or the "Company") is
pleased to announce the appointment of Scott Larson as the new President and Chief
Executive Officer of CO2 Lock Corp. ("CO2 Lock"), the
Company's majority-owned subsidiary specializing in carbon capture
and storage ("CCS") via permanent mineralization. Mr.
Larson brings to CO2 Lock over 25 years of combined corporate
finance, technology development and entrepreneurial experience.
"We are very pleased to welcome Scott to lead CO2 Lock through
the next phase of growth in pursuit of large-scale, low-cost and
permanent carbon capture and storage," commented FPX Nickel's
Chairman, Peter Bradshaw. "CO2
Lock is at a pivotal stage of development. In late-2023, the
company completed a comprehensive field program at its SAM project
site in central British Columbia,
including the first-ever successful injection of CO2 into a
brucite-rich ultramafic deposit. Scott will be leading CO2
Lock's execution of a large-scale pilot program in early 2025,
which will result in the first commercial carbon mineralization
project in British Columbia."
Before joining CO2 Lock, Mr. Larson was CEO and co-founder of
SpaceAlpha, an earth observation company building synthetic
aperture radar technology and Helios Wire, a satellite company
building out a space-enabled IoT/M2M network which was successfully
sold. He was also previously CEO and co-founder of UrtheCast,
scaling the Company from inception, taking it public on the Toronto
Stock Exchange, raising $200 million,
and growing the company to 250 employees with seven offices around
the world.
"The opportunity to be part of a technology and process that
will allow CO2 Lock to sequester carbon permanently, on a global
scale, is very compelling," said Scott
Larson. "I'm looking forward to building value,
scaling up, and developing partnerships throughout the carbon
capture and cleantech sector."
Mr. Larson has assumed the role of CO2 Lock's CEO from Mr.
Cooper Quinn. On behalf of the
Board of Directors, FPX Nickel and CO2 Lock extend our thanks to
Mr. Quinn for his commitment and contributions to the company.
Background
On March 30, 2022, FPX announced
the formation of CO2 Lock as a self-funding subsidiary to pursue
geoscience-related CCS opportunities. FPX retains 100% of the
carbon credits associated with CCS on its own properties, and can
use any intellectual property developed by CO2 Lock for the benefit
of FPX's own properties.
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
https://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.
