FPX Nickel Corp. highlighted the potential for the Company's Baptiste Project in central British Columbia to produce refined nickel with a significantly lower carbon footprint than other sources of production in the global nickel industry. These findings are based on the Project's recent Preliminary Economic Assessment, which outlined the development of a conventional processing facility powered by low-carbon hydro-electric power for the production of a refined, high-grade (63% nickel) product capable of bypassing smelting and being sold directly to end users. The carbon intensity of Baptiste operations is expected to average 2.40 tonnes of carbon dioxide per tonne of refined nickel production. Baptiste carbon intensity compares very favourably to published literature estimating the carbon intensity of existing nickel production from various mineral deposit types: 7.19 t CO2/t refined Ni for Class 1 nickel production from sulphide ore; 27.50 t CO2/t refined Ni for Class 1 nickel production from laterite ore; 45.00 t CO2/t refined Ni for ferronickel production from laterite ore; 69.00 t CO2/t refined Ni for nickel pig iron production from laterite ore. Results summarized herein assume no sequestration of carbon dioxide in Baptiste tailings Based on the diesel and electricity consumption for mining and processing activities outlined in the PEA, the carbon intensity of Baptiste operations is expected to average 2.40 tonnes of CO2 per tonne of refined nickel production over the Project's 35-year mine life. The low carbon intensity of Baptiste nickel production is a function of several features specific to the Project, including: Low Stripping Ratio: Baptiste has a life-of-mine stripping ratio of 0.40:1, and thus requires lower consumption of diesel for the mining fleet compared to other similar-scale operations with higher overburden and waste content and higher stripping ratios. Hydroelectric Power: The Project's processing facility will be powered by low-carbon hydro-electric power, while a significant proportion of global nickel operations are powered by carbon-intensive coal-fired plants. Refined Nickel Product with No Smelting: Given their high metal content (63% nickel and 30% iron) and low level of deleterious elements, Baptiste's ferronickel briquettes are expected to bypass the traditional nickel smelting process and be sold as a refined nickel product directly to stainless steel producers, thereby avoiding the carbon emissions associated with the smelting and refining of typical nickel sulphide concentrates. Comparison to Sulphide Nickel Production. While the carbonintensity of mining and concentrate production (benefication) are similar for both types of operations, the smelting and refining requirements to produce Class 1 refined nickel from sulphide concentrates (with typical nickel content of 15%) entails a significant additional carbon burden on sulphide-derived production as compared to the planned Baptiste operation. The Baptiste PEA demonstrates the potential for establishing a greenfield open-pit mine and an on-site magnetic separation and flotation processing plant, using conventional technology and equipment. At a throughput rate of 120,000 tonnes per day, annual production is projected to average 99 million pounds (44,932 tonnes) nickel contained in ferronickel briquettes grading 63% nickel at C1 operating costs of USD 2.74 per pound (USD 6,038 per tonne) of nickel.