First Atlantic Nickel Stock Price, News & Analysis

First Atlantic Nickel (FANCF) has reported significant results from its fourth drill hole (AN-24-05) at the RPM Zone in Newfoundland. The hole intersected 396 meters grading 0.23% nickel and 0.29% chromium, extending the strike length by 400 meters. Combined with previous results, this delineates a 400-meter by 500-meter mineralized footprint averaging 0.23% nickel.

The company has commenced Phase 2 drilling on May 7, 2025, targeting extensions in multiple directions. All Phase 1 holes ended in mineralization, indicating expansion potential. The RPM Zone is part of a larger 30-kilometer ultramafic ophiolite nickel trend, located 12 km south of Super Gulp Zone and 26 km south of the Atlantic Lake Zone.

Davis Tube Recovery metallurgical testing is pending for holes AN-24-04 and AN-24-05 to evaluate magnetically recoverable nickel content.

First Atlantic Nickel (FANCF) has been awarded a $150,000 grant through Newfoundland & Labrador's Junior Exploration Assistance program to support critical mineral exploration at its 100%-owned Atlantic Nickel Project. The project spans a 30 km Pipestone ophiolite complex rich in nickel, chromium, and cobalt.

The project's primary mineral is awaruite, a sulfur-free nickel-iron alloy composed of ~75% nickel that can be processed without smelting or roasting, offering environmental advantages. Phase 1 drilling revealed wide zones of awaruite nickel mineralization, with Davis Tube Recovery testing confirming effective magnetic separation. The company is preparing to launch its Phase 2 Drill Program, focusing on expanding the RPM Zone discovery.

First Atlantic Nickel (TSXV: FAN) (OTCQB: FANCF) has announced significant results from their third drill hole (AN-24-04) at the RPM Zone of the Atlantic Nickel Project in Newfoundland. The hole intersected 0.23% nickel and 0.31% chromium over 366 meters, confirming a mineralized width of at least 500 meters.

Key findings include:

• Consistent mineralization across all drill holes, averaging approximately 0.24% nickel
• Large-grain awaruite (natural nickel metal) observed throughout, with sizes up to 1,000 microns
• Initial 400m x 500m mineralized zone defined, remaining open for expansion
• Davis Tube Recovery testing underway to evaluate magnetically recoverable nickel content

The company is preparing for Phase 2 drilling to expand the RPM Zone and investigate continuity with the Chrome Pond area. The project's awaruite mineralization offers potential for environmentally friendly processing through magnetic separation without smelting.

First Atlantic Nickel Corp (OTCQB: FANCF) has announced Davis Tube Recovery (DTR) metallurgical test results from drill hole AN-24-03 at the RPM Zone of its Atlantic Nickel Project in Newfoundland. The tests yielded a magnetic concentrate averaging 1.32% nickel and 1.95% chromium across the entire 216-meter length, with concentrate grades reaching up to 2.54% nickel.

Key findings include:

• Average mass pull of 9.12% over 216 meters
• DTR nickel grade of 0.11% over 216 meters, increasing to 0.15% in final 21 meters
• Total nickel recovery of 44.44%
• Magnetic concentrate contained 0.06% cobalt

The drill hole encountered a fault zone at 216 meters with elevated DTR nickel grades, suggesting potential for westward expansion. The results confirm awaruite nickel can be effectively concentrated through magnetic separation, potentially enabling production of high-grade nickel concentrate directly at the mine site without smelting requirements.

First Atlantic Nickel Corp. (FANCF) has announced significant drilling results from hole AN-24-03 at the RPM Zone of its Atlantic Nickel Project in Newfoundland. The hole intersected 0.25% nickel and 0.29% chromium over 216 meters, with grades increasing to 0.27% nickel in the final 21 meters.

The Phase 1 drilling program has outlined a mineralized area measuring 500 meters in lateral width and 400 meters in length. The first four holes have confirmed 300 meters of the visually identified width through assays, with both holes ending in mineralization. The drill hole terminated in a heavily sheared fault zone, which the Phase 1 drill rig couldn't penetrate.

The company plans to launch Phase 2 drilling with a more powerful rig to test deeper extensions and expand the mineralized boundary, particularly into the western fault zone where nickel grades were increasing. The mineralization is characterized by coarse-grained awaruite with grain sizes up to 509 microns throughout the hole.

First Atlantic Nickel Corp (TSXV: FAN) (OTCQB: FANCF) has announced a strategic research partnership with Colorado School of Mines to explore geologic hydrogen potential in two Newfoundland ophiolite complexes: the St. Anthony Ophiolite Complex (103 km²) and the Pipestone Ophiolite Complex (71 km²).

The research focuses on studying hydrogen production from serpentinized peridotites, where awaruite formation indicates hydrogen-rich environments. The St. Anthony complex features flat-lying structures ideal for surface access, while the Pipestone complex shows steep vertical formations extending several kilometers deep, recently yielding 0.24% Nickel and 0.32% Chromium over 383.1 meters.

The partnership will employ comprehensive techniques including geophysical surveys, remote sensing, soil sampling, and drill core analysis to create 3D models of hydrogen distribution. The project aims to evaluate potential extraction methods similar to those used in oil and gas industry, with stimulation methods targeting a 10,000-fold increase in hydrogen production rates for economic viability.

First Atlantic Nickel (TSXV: FAN) (OTCQB: FANCF) has responded to OTC Markets' request regarding promotional activities of its shares. The company acknowledged promotional newsletters distributed by MarketBeat Media and The Tomorrow Investor discussing recent discoveries at its Atlantic Nickel Project in Newfoundland.

The PR highlights three key announcements:

• February 26, 2025: Super Gulp Zone discovery with 0.25% nickel & 0.28% chromium over 293.8 meters
• March 4, 2025: RPM Zone discovery with 0.24% nickel & 0.32% chromium over 383.1 meters
• March 13, 2025: Initial DTR metallurgical results showing magnetic concentrate of 1.37% nickel & 1.73% chromium

The company disclosed its engagement with marketing service providers including Think Ink Marketing, TD Media, and Xander Capital Partners since April 2024. First Atlantic maintains that the increased trading activity on March 13, 2025, was primarily due to favorable DTR results rather than promotional activities.