FPX Nickel shares information regarding its ongoing share repurchase program
FPX Nickel Advances Share Buyback Program, Repurchases 720,000 Shares
FPX Nickel Corp., a company focused on the exploration and development of the Decar Nickel District in central British Columbia, has made significant progress in its Normal Course Issuer Bid (NCIB). Since December 5, 2024, the company has repurchased a total of 720,000 common shares, representing approximately 14.4% of its total share repurchase target.
The repurchased shares, priced at an average of $0.24 per share, have been cancelled by FPX Nickel. The transactions are executed through open market transactions on the TSX Venture Exchange, with Cormark Securities Inc. managing the NCIB on behalf of FPX Nickel. The acquisition price for each transaction is determined by the prevailing market conditions at the time.
FPX Nickel has set a target to acquire up to 5,000,000 common shares, which is approximately 2% of its issued and outstanding shares, over a 12-month period ending December 5, 2025. It's important to note that actual results could differ from those currently projected due to inherent risks and uncertainties associated with these forward-looking statements.
The company does not assume the obligation to update any forward-looking statement. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
In addition to its focus on Decar Nickel District, FPX Nickel is also interested in other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please visit the Company's website at https://fpxnickel.com/.
This release is provided by FPX Nickel Corp. and can be found at http://www.newswire.ca/en/releases/archive/July2025/24/c8569.html.
[1] This release is provided by FPX Nickel Corp. [4] Cormark Securities Inc. is managing the NCIB on behalf of FPX Nickel Corp. [5] The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
The progress made by FPX Nickel Corp. in its share buyback program involves repurchasing shares in the finance sector, aiming to acquire up to 5,000,000 common shares as part of their business strategy over the next 12 months. Cormark Securities Inc. is managing this program on behalf of FPX Nickel Corp.
