Vancouver, March 30, 2022 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to announce that it has established a new subsidiary company, CO2 Lock Corp. (“CO2 Lock”), to pursue opportunities in large-scale, low-cost and permanent carbon capture and storage (“CCS”). CO2 Lock has raised $1.7 million in a seed round financing, leaving FPX Nickel with an approximately 76% ownership interest (fully diluted) in CO2 Lock, which will proceed with an independent management team in developing carbon sequestration operations in geological settings worldwide with similarities to FPX’s Decar Nickel District (“Decar”).
