FPX Nickel and JOGMEC Delineate Multiple Awaruite Nickel Targets at the Expanded Klow Property in British Columbia

FPX Nickel Corp. has announced significant progress at its Klow Property in British Columbia, located 45 km north of the company's flagship Baptiste Nickel Project. Working in partnership with the Japan Organization for Metals and Energy Security (JOGMEC), the company has successfully delineated three new awaruite nickel target zones through an extensive 2025 sampling program that collected 465 rock samples and 17 stream sediment samples across the 164 km² property.

The exploration work has now identified four large-scale awaruite nickel targets within the district-scale property. The Upper Klow Target covers 1.4 by 1.7 km with DTR nickel values up to 0.09%, while the Mesa Target spans approximately 8.5 by 3.0 km and will require additional delineation work to resolve into discrete target zones. The newly identified Nick Target in the southern portion of the property also returned encouraging results up to 0.08% DTR nickel. Stream sediment sampling revealed highly anomalous results up to 0.09% DTR nickel, suggesting additional unexplored areas with high potential.

The partnership with JOGMEC continues to provide strategic value, with the Japanese organization fully funding the 2025 program under an earn-in agreement that allows them to earn up to 60% interest by spending $1 million in exploration by March 2028. This agreement has been extended by mutual consent from the original March 2027 deadline, demonstrating continued commitment from both parties. The collaboration provides FPX with fully funded exploration while giving JOGMEC access to some of the most prospective awaruite nickel mineralization globally.

Looking forward, FPX and JOGMEC are planning focused follow-up sampling at the Mesa and Nick targets during the 2026 field season, along with first-pass sampling in areas above anomalous stream sediment locations. The systematic approach to target delineation, combined with the property's proximity to existing infrastructure including an all-season road and nearby rail alignment, positions Klow as a significant exploration asset in FPX's portfolio. The work builds on previous drilling success, including a 2012 intersection of 316 meters at 0.1% nickel-in-alloy, and supports the company's strategy of advancing multiple awaruite nickel projects in British Columbia.