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First Point Minerals Corporation (TSX:FPX)

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Last Post: 7/6/2020 8:04:08 PM - Followers: 6 - Board type: Free - Posts Today: 0


First Point Minerals is THE WORLD LEADER in exploration for Nickel-Iron alloy deposits.

First Point is focused on the exploration and development of naturally occurring stainless steel nickel-iron alloy deposits worldwide. The Company's flagship Decar property, located in central British Columbia, is optioned with Cliff Natural Resources, an international mining and natural resource company focused on serving the world's largest and fastest growing steel markets. Nickel mineralization at Decar occurs as disseminated nickel-iron alloy in serpentinized ultramafic rocks. First Point is targeting this same type of mineralization at prospects around the world and at its seven other 100%-owned properties in North America.
  April 14, 2011
Share Structure as of April 14, 2011



First Point Minerals' shares trade on the TSX Venture Exchange under the trading symbol FPX.

Shares outstanding 86,928,718

Shares reserved 15,689,800

Fully diluted shares 102,618,518  

Shares held by Management & Directors: 5,528,999 (6.4%)

Shares held by Significant Shareholders (>3%): 22,759,880 (26.2%)   

If you have any questions regarding First Point Minerals Corp.'s share capital, please contact Peter Bradshaw, President at:

Tel: 604-681-8600
Fax: 604-681-8799
Toll Free 1-866-FPM-8601
Email: pbradshaw@firstpointminerals.com

President's Message

Dear Shareholder,

Our vision is to use the well-established copper porphyry mining model as an analog to develop our naturally occurring stainless steel (nickel-iron alloy) targets. Our flagship Decar property is our starting point to verify this concept as it shows promise as a potential bulk-tonnage, open pit, modest-grade, near-surface nickel-iron alloy target. Where it differs from a copper porphyry model is that the nickel-iron alloy is dense, highly magnetic and has no sulphur so has the potential to be amenable to simple magnetic and gravity separation techniques and sold directly to steel mills avoiding smelting.

We are in good company in our belief in this porphyry analog model, with steel industry leader Cliffs Natural Resources having come to the table to join us in developing this concept at Decar. It is no small coincidence that Cliffs' expertise is in processing bulk-tonnage iron ore deposits using magnetic and gravity separation techniques.

The Company has seen success build upon success over this past year, and really launched into a new phase with Cliffs' recognition of the potential of our Decar nickel-iron alloy property. Along with their option on Decar and investment in the company late in 2009, came the first market recognition of the credibility and potential of First Point's concept.

Milestones since then have included:
  • Raising CAD$7.5 million in the spring of 2010 to finance worldwide exploration for additional nickel-iron alloy properties, similar to Decar.
  • Seeing in drill core from the first holes drilled on the Decar property during the summer of 2010, that the nickel-iron alloy mineralization discovered at surface is consistent in grade and grain size to depths exceeding 300 metres. (All full-length drill holes ended in mineralization.)
  • Development of a commercially certified, alloy-selective analytical method for alloy nickel analysis, that is proprietary to First Point.
  • Expanding the lateral extent of the Baptiste and Sidney targets at Decar, and showing, through the drill program, that the alloy mineralization continues under overburden, between the surface outcrops identified during earlier exploration programs.

This work has fully supported the geological model we have for the nickel-iron alloy mineralization, and has increased our confidence in our strategy to test the concept at Decar, and to explore for more of these occurrences around the world. First Point has developed a unique skill in exploring for and identifying such nickel-iron alloy mineralization, and our intention is to use this first mover advantage to find other properties like Decar.

Dr. Peter Bradshaw, P.Eng.

President & CEO  



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FPX News: FPX Nickel Announces Results of 2020 Annual General and Special Meeting 05/29/2020 07:30:10 AM
FPX News: C-Suite At The Open: Martin Turenne, President and CEO, FPX Nickel Corporation tells his Company Story. Filmed on May 4, 202... 05/26/2020 10:00:00 AM
#35   Nickel closed over $6/lb today. Prepping the FPX rocket. Axolotl 07/06/20 08:04:08 PM
#34   I'm prepped and ready. I scooped up crazy Axolotl 07/04/20 12:48:43 PM
#33   Yes the is an amazing value and should ThSeeker 07/04/20 12:45:24 PM
#32   Company's own projection is mid $3. Can check Axolotl 07/04/20 12:12:50 PM
#31   $3 really? Most require MUCH higher ThSeeker 07/04/20 09:11:26 AM
#30   https://www.youtube.com/watch?v=hLKfwQEt9C4 Here's a recent presentation don Axolotl 07/04/20 03:11:49 AM
#29   Nickel closed above $13k a tonne on Friday. Axolotl 07/04/20 03:11:06 AM
#28   Nickel closed at $12784 an ounce on Friday. It's Axolotl 06/07/20 06:13:27 PM
#27   Beautiful close today. Just wait for that PEA. Axolotl 06/02/20 03:23:38 PM
#26   Can't believe this is flying so far under Axolotl 05/28/20 04:06:06 PM
#24   Down 10% with 1/2 hr. to go, Crusader 04/20/11 03:36:07 PM
#23   FPX.V Crusader 04/20/11 01:27:34 AM
#22   Should be Canadian- not OTC Crusader 04/19/11 04:34:11 PM
#21   Will contact IHUB to correct. Crusader 04/19/11 04:33:31 PM
#20   FPX.V Canadian company Crusader 04/19/11 04:32:53 PM
#19   This board needs correct symbol: Crusader 04/19/11 04:31:49 PM
#18   I bought JJJ for Zinc a while back instead. Tackler 02/03/06 06:34:50 PM
#17   NICE MOVE. Ed Monton 02/03/06 04:35:52 PM
#16   Try to stay on topic. LOL Ed Monton 09/09/04 10:00:04 PM
#15   OK to comment on Nicaraguan politics here? LOL Tackler 09/09/04 09:56:25 PM
#14   Looks like the bottoms in. Ed Monton 09/09/04 09:40:24 PM
#13   Nice wood... First Point reviews two holes from Tackler 05/31/04 04:16:22 PM
#12   First Point Minerals Enhances Management Team Ed Monton 05/11/04 08:26:29 PM
#11   First Point Announces Rio Luna Vein System Expanded at Ed Monton 04/14/04 09:13:16 AM
#10   First Point Minerals Corp.: Significant Drill Ed Monton 03/30/04 09:34:05 AM
#9   First Point Minerals Corp. Enters into New Base Ed Monton 03/05/04 09:21:46 AM
#8   First Point Minerals Corp.: Drilling Update from the Rio Ed Monton 02/26/04 09:26:07 AM
#7   Drilling Commences at Rio Luna Gold Property in Nicaragua Ed Monton 02/19/04 09:17:39 AM
#6   FIRST POINT MINERALS CORP. Ed Monton 12/11/03 09:46:19 AM
#5   FIRST POINT MINERALS CORP. Ed Monton 10/21/03 08:52:35 AM
#4   FIRST POINT MINERALS CORP. Ed Monton 10/02/03 03:17:35 PM
#3   FIRST POINT MINERALS CORP. Ed Monton 08/19/03 06:21:21 PM
#2   Share Structure is as follows: Ed Monton 06/03/03 02:30:31 PM
#1   Here is the latest news: Ed Monton 06/03/03 12:18:17 AM