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Sumitomo takes 9.9% stake in FPX Nickel

Appetite for Canadian nickel developers continues

Paul Harris
Drilling at FPX Nickel's Baptiste project in British Columbia, Canada

Drilling at FPX Nickel's Baptiste project in British Columbia, Canada

Japan's Sumitomo Metal Mining has taken a 9.9% stake in Canadian nickel developer FPX Nickel with a C$14.5 million strategic investment. Sumitomo will buy 30.1 million shares priced at 48c. Shares in FPX...

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