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Sumitomo Participates In FPX Nickel Financing To Gain 9.9% Stake

Decar nickel-iron project, British Columbia. Image by FPX Nickel Sumitomo Metal Mining Canada is investing about C$14.5 million to gain a 9.9% interest in FPX Nickel (TSXV: FPX). Sumitomo will participate in a private placement, purchasing approximately 30.1 million FPX shares at a price of C$0.48 per share. “This strategic investment by Sumitomo Metal Mining […]