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UPDATE: First Point Minerals Gets Positive Preliminary Economic Assessment for Decar Nickel Project; Shares Up 5%

First Point Minerals Corp. (FPX.TO) announced the positive results of a NI 43-101 compliant Preliminary Economic Assessment (PEA) for the Decar nickel-iron alloy project in central British Columbia.

Jim Gilbert, CEO, said: "The PEA represents a solid, conservative first pass at the potential economics of the Project. In our view, there is considerable upside to be pursued in the area of nickel price realization, where higher-paying markets and/or products for Decar have yet to be tested."

FPX was up 5% to 42 cents, with 52-week range of $0.315 - $0.69.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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