Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Advances Exploration Program, Closes Private Placement

  • The Canadian Shield hosts numerous nickel, copper, gold, and platinum group metals
  • Fathom targets high-grade nickel sulfide discoveries for use in EV and green energy markets
  • Fathom operates the Albert Lake Project and the Gochager Lake Project, both located in Saskatchewan’s Trans Hudson Corridor
  • Favorable results revealed from recent drilling at the Albert Lake Project
  • Company recently closed the second and final tranche of its non-brokered offering, total gross proceeds totaled $4,571,063 when combined with the first tranche

The Canadian Shield’s rich mineral endowment presents abundant mining exploration and drilling opportunities. Covering a significant portion of Canada, this vast geological region hosts numerous nickel, copper, gold, and platinum group metals – both known and waiting to be discovered.

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) is an energy metals exploration company targeting high-grade nickel sulfide discoveries for use in the rapidly expanding electric vehicle and green energy markets. Headquartered in Calgary, Alberta, FNICF operates the Albert Lake Project and the Gochager Lake Project, both located in Saskatchewan’s Trans Hudson Corridor.

The company commenced drilling at its fully permitted Albert Lake Project in early February 2024 and anticipates moving to its Gochager Lake Project in March.  There is a wide variety of data-driven and drill-ready targets at each project that will be drilled. Some targets are brand new while others are returning to previous targets with new knowledge on how to approach them. Time domain electromagnetic (“TDEM”), Borehole electromagnetic (“BHEM”) geophysical data, geochemical anomalies, as well as knowledge about subsurface structural controls have all gone into developing the drill targets for this year and Fathom is excited for the potential of what may be unearthed.

The Rottenstone Mine produced high-grade nickel, copper, and platinum group elements (“PGE”) from 1965 to 1969. Output at the mine reached impressive levels at 3.28% for nickel, 1.83% for copper, and PGE at 9.63 grams per ton, highlighting the area’s rich mineralization and potential for further development.

Albert Lake is a nickel sulfide deposit – a strategic focus for Fathom. Unlike limonite ore and saprolite ore, class 1 nickel sulfide is a preferred component in EV batteries, stainless steel, aerospace components, chemical processing equipment, electrical resistance wires, and turbine engines.

Investor interest appears bullish on Fathom’s prospects. The company recently announced that it closed the second and final tranche of its non-brokered offering, comprised of flow-through and non-flow-though (“NFT”) units. Total gross proceeds from the offering totaled $4,571,063 when combined with the first tranche that closed on December 22, 2023 (https://ibn.fm/SXOvo). The company intends to use the net proceeds from the NFT Units for exploration, development, working capital, and general corporate purposes.

Fathom’s seasoned management team leverages extensive experience in the mining and exploration sectors. CEO, VP of Exploration, and Co-Founder Ian Fraser brings over 35 years of expertise with notable contributions to the development of significant gold mines such as Casa Berardi, Komis, and Cisneros. Doug Porter serves as President, CFO, and Director at Fathom, bringing extensive financial and managerial experience from roles held at prominent resource companies like Elan Coal Limited, Altitude Resources Limited, and StimWrx Oilfield Services Limited.

For more information, visit the company’s website at www.FathomNickel.com.

NOTE TO INVESTORS: The latest news and updates relating to FNICF are available in the company’s newsroom at https://ibn.fm/FNICF

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