Original DD [https://www.reddit.com/r/pennystocks/comments/1nl8ttc/i\_believe\_this\_is\_the\_most\_future\_proof\_mine\_ive/](https://www.reddit.com/r/pennystocks/comments/1nl8ttc/i_believe_this_is_the_most_future_proof_mine_ive/)
Since then:
\-permitting has progressed
\-Japan metal/energy security renewed the alliance with FPX, providing funding
\-Decent drill results identifying 3 new zones of high interest
\-FPX upgraded to OTCQX in US markets (highest level in OTC)
\-4th large scale ore processing pilot test completed
\-FPX listed a major priority project by provincial government
\-FPX launched exploration drilling at the Advocate Nickel property in Newfoundland (area has never been drilled but has signatures of extractable nickel from surface sampling so there is serious potential)
\-Financial position tightened from from 16m to 13m from 2025-2026
Noteworthy things related to dilution:
https://preview.redd.it/s9ssp6zhku9h1.png?width=643&format=png&auto=webp&s=90342fbc0e087621ba2533a9630e65744eadf4c5
Remaining stock options
https://preview.redd.it/q6cf72g9ku9h1.png?width=648&format=png&auto=webp&s=4adbbae1357e25f4020ebbfbb74eec78714d2f5e
Overall the thesis remains in tact. FPX is advancing a large, low carbon, low environmental impact nickel resource. The exploration offers some optionality in the short term. The province announcing FPX is a major project is very promising and the management team is taking a good approach to ensure they're aligned provincially and federally, however the risk dilution risk remains high and the potential for drift is quite apparent. DYOR and NFA and all that