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Outokumpu takes 10% FPX stake

Leading stainless steel producer, Outokumpu, has taken a 9.9% stake in nickel exploration junior FPX Nickel for C$16.1 million, including first offer offtake rights.

Outokumpu takes 10% FPX stake Outokumpu takes 10% FPX stake Outokumpu takes 10% FPX stake Outokumpu takes 10% FPX stake Outokumpu takes 10% FPX stake

FPX Nickel's Decar project in British Columbia, Canada

FPX, which is advancing its Baptiste nickel project within the Decar nickel district of British Columbia, Canada, issued Outokumpu 26.8 million shares priced at 60c in a private placement.