Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Advances Gochager Lake Exploration, Government Pledges Millions in Industry Support

  • Canadian government recently announced investments exceeding $15 million to support the mining sector
  • FNICF targets high-grade nickel sulfide discoveries at Albert Lake and Gochager Lake projects
  • Albert Lake site includes historic Rottenstone mine, produced high-grade nickel, copper, and platinum group elements (“PGE”) from 1965 to 1969
  • Historical drilling at Gochager Lake identified a resource of 4.2 million tons grading 0.29% nickel and 0.08% copper

The Canadian government recently announced investments exceeding $15 million to support the mining sector at the 2024 Prospectors and Developers Association of Canada (“PDAC”) convention (https://ibn.fm/uhm31). The initiative aligns with Canada’s vision of becoming a leading supplier of resources powering clean technology while reinforcing the nation’s commitment to economic growth, innovation, and sustainability.

“Critical minerals are a generational economic opportunity for Canada — from mineral exploration and extraction to advanced manufacturing to processing and recycling, we are making investments across the value chain,” said The Honorable Jonathan Wilkinson, Minister of Energy and Natural Resources. “Canada will continue to make these strategic investments in important projects and Indigenous communities to help enable and grow the sustainable development of these minerals, reinforcing Canada’s position as a global supplier of choice for clean technology, clean energy and the resources the world needs to build a prosperous net-zero economy.”

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), an energy metals company based in Calgary, Alberta, advances exploration projects in Saskatchewan’s Trans Hudson Corridor with the aim of carving out a strategic spot within the country’s burgeoning minerals supply chain.

Fathom is currently targeting high-grade nickel sulfide discoveries at their Gochager Lake Project.

Find a quote on Gochager for here The Gochager Lake Project represents another significant opportunity for Fathom to expand its exploration efforts and potentially make high-grade nickel discoveries. Spanning a total land area of 22,620 hectares, the project includes the recently acquired Watt’s Lake property and additional staked claims.

Historical drilling conducted in 1966-1967 identified a resource of 4.2 million tons grading 0.29% nickel and 0.08% copper (https://ibn.fm/qvhrh). Further, Fathom’s exploration activities at the site revealed robust off-hole borehole electromagnetic responses in several drill holes, suggesting the presence of multiple high-grade nickel-copper-cobalt chutes. With plans for additional surface geophysical programs, continued drilling, and comprehensive exploration activities, Fathom aims to further delineate and potentially expand the project while identifying additional mineralization throughout the site.

Fathom is led by an experienced management team with extensive expertise in the mining and exploration sectors. As the demand for nickel rises from the growing EV industry, FNICF aims to secure a position in Canada’s rapidly expanding mining sector and critical minerals supply chain.

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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