First Atlantic Nickel Stock Price, News & Analysis

First Atlantic Nickel (OTCQB: FANCF) announced significant expansion of its RPM Zone at the Atlantic Nickel Project in Newfoundland. The second Phase 2 drill hole, AN-25-07, intersected 495 meters of visible awaruite mineralization, expanding the mineralized section to 750 meters in width, a 50% increase from Phase 1.

The drilling program has now tested 800 meters of north-south strike length, with plans to define over 1 kilometer of continuous awaruite mineralization. The project's metallurgical testing has shown magnetically recoverable nickel averaging 1.38% in magnetic concentrate, with a mass pull of 9.08% and overall recovery of 51.59% from an average starting grade of 0.24%.

Notably, awaruite's sulfur-free composition eliminates the need for conventional smelting processes and avoids environmental challenges associated with sulfide minerals, positioning the project as a potential clean nickel source for North America.

First Atlantic Nickel (OTCQB: FANCF) has reported significant results from its Phase 2 drilling program at the RPM Zone of the Atlantic Nickel Project in Newfoundland. The company's deepest drill hole to date, AN-25-06, returned 1.27% awaruite nickel alloy in magnetic concentrate over a continuous 447.35-meter interval.

Key findings include a 9.02% mass pull with 51.84% total nickel recovery and additional chromium mineralization averaging 1.69% in magnetic concentrate. The drill hole, located 200 meters east of AN-24-05, successfully expands the mineralized zone eastward toward Chrome Pond and demonstrates consistency with Phase 1 drilling results.

The company's Phase 2 program continues to expand beyond the initial 400-meter by 500-meter footprint, with drilling now testing mineralization up to 800 meters in north-south strike length.

First Atlantic Nickel (OTCQB: FANCF) has released its Initial Phase 2 Drill Plan Map and announced significant results from its Phase 1 drilling program at the RPM Zone within its Atlantic Nickel Project in Newfoundland. The Phase 1 program successfully identified a near-surface mineralized zone measuring 400m x 500m containing magnetically recoverable awaruite nickel mineralization.

Key metallurgical results include an average magnetically recoverable nickel grade of 0.13%, with a magnetic nickel concentrate of 1.41% Ni and an average mass pull of 9.1%. The total nickel recovery averaged 54% based on an initial grade of 0.24%. This represents the first large-scale, drill-defined awaruite discovery in the Atlantic region.

The fully funded Phase 2 drilling program is now underway, targeting expansion of the mineralized zone, which remains open in all directions. The project's awaruite mineralization offers significant advantages, as it can be processed through magnetic separation without requiring smelting or acid leaching.

First Atlantic Nickel (OTCQB: FANCF) announced significant expansion of its RPM Zone awaruite nickel-alloy discovery through drill hole AN-24-05, extending mineralization 400 meters north of the initial discovery. The hole yielded 1.47% nickel concentrate over 351 meters in Davis Tube Recovery (DTR) metallurgical testing, with an 8.21% mass pull.

Phase 1 drilling has defined a 400m x 500m mineralized area, with all four holes intersecting consistent awaruite mineralization. Concentrate grades ranged from 1.32% to 1.47% nickel, with mass pulls between 8.21% and 9.53%. The RPM Zone discovery is part of a 30km long ultramafic nickel belt within the Pipestone Ophiolite Complex.

Phase 2 drilling is currently underway to expand the mineralized footprint, with all Phase 1 holes ending in mineralization and remaining open in all directions. The discovery's significance is enhanced by awaruite's potential as a sulfur-free, environmentally friendly nickel source that can be processed without smelting.

First Atlantic Nickel (OTCQB: FANCF) has announced significant drilling results from their RPM Zone at the Atlantic Nickel Project. The third drill hole, AN-24-04, intersected 366 meters averaging 1.46% nickel and 1.56% chromium in magnetic concentrate, with a mass pull of 9.53%. This 200-meter step-out hole confirms mineralization extends eastward toward Chrome Pond.

The first three holes have delineated 500 meters of lateral width with consistent metallurgical results, showing nickel magnetic concentrate grades of 1.37%, 1.32%, and 1.46%. The company's Phase 2 drilling program is currently underway, targeting expansion in multiple directions. The mineralization contains awaruite, a naturally occurring nickel-iron alloy that can be processed through magnetic separation without requiring traditional smelting or roasting.

First Atlantic Nickel Corp. (FANCF) announced its participation in the Benchmark Mineral Intelligence GIGA USA 2025 conference on June 3-4, 2025, in Washington, DC. The company will showcase its Atlantic Nickel Project, which features awaruite, a sulfur-free nickel mineral with 75% nickel content that can be processed without overseas smelting. The project enables direct processing through magnetic separation and flotation, supporting North America's critical minerals supply chain. The conference will gather major automakers, battery manufacturers, mining companies, and government representatives. Additionally, the company closed agreements to acquire 3,350 hectares of mineral licenses and settled outstanding obligations of $202,950 through share issuance. A Phase 2 drilling program is currently expanding awaruite mineralization, with updates expected in the coming weeks.

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 initiated Phase 2 drilling at the RPM Zone of its Atlantic Nickel Project in Newfoundland, following successful Phase 1 results. The initial phase revealed significant awaruite discovery across four drill holes, with consistent grades averaging ~0.24% nickel and DTR metallurgical testing producing magnetic concentrate yielding ~1.35% nickel. Phase 2 aims to expand the mineralized zone beyond its current 400x500 meter footprint, targeting potential for over one billion tonnes of mineralization. The company is also exploring its 30-kilometer-long ultramafic ophiolite trend for new awaruite targets. Additionally, First Atlantic has acquired eight new mineral licenses totaling 3,350 hectares and settled outstanding consultant obligations through a combination of cash and shares.

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.