First Atlantic Nickel Stock Price, News & Analysis

First Atlantic Nickel (OTCQB: FANCF) has agreed to acquire 100% of 18 mineral licences (500 claims; 12,500 ha / 125 km2) in the Bay of Islands Ophiolite Complex, western Newfoundland, branding the holding Ophiolite-X. The package targets multi‑commodity potential: natural and stimulated geologic hydrogen, CO₂ capture and storage, awaruite (Ni₃Fe) nickel‑iron‑cobalt, chromite, cobalt, copper and PGEs.

Peer‑reviewed studies cited estimate a theoretical BOIC CO₂ capacity of 5.1×10¹¹ tonnes and document active serpentinization with ultra‑basic springs discharging dissolved hydrogen and brucite-bearing rocks favorable for mineral carbonation.

First Atlantic Nickel (OTCQB: FANCF) added four drill holes (AN-25-11 to AN-25-14) to its Phase 2X program at the RPM Zone, Pipestone XL Project, to expand a drill-confirmed area from ~800m by 750m to about 1.4 km strike by 850 m width. All ten RPM discovery holes returned visible awaruite with positive magnetically recoverable nickel results; Hole AN-25-10 reported 0.15% DTR Ni over 228 m with 68.62% magnetic recovery. Metallurgical work shows ~90% mass reduction to a 10% magnetic concentrate grading 1–2% Ni that can be upgraded toward ~60% Ni via flotation. Additional metallurgical updates are expected in early 2026.

First Atlantic Nickel (OTCQB: FANCF) reported DTR metallurgical results from Phase 2X drilling at the RPM Zone, Pipestone XL. Hole AN-25-10 returned the highest magnetically recoverable nickel to date: 0.15% DTR Ni over 228 m from 0.22% total Ni, with 68.62% magnetic Ni recovery and a 10.48% mass pull. This is a 25% increase over the RPM Zone average DTR Ni of 0.12%. AN-25-10 ended in mineralization at 233 m after a clay-filled fault; follow-up, deeper eastward drilling toward Chrome Pond is planned. Metallurgical work continues, including chromium and cobalt recoveries, with updates expected in early 2026.

First Atlantic Nickel (OTCQB: FANCF) will attend Benchmark Week 2025 in Los Angeles on November 18–20, 2025 to discuss its Pipestone XL Nickel Alloy Project and awaruite as a smelter‑free source of nickel and cobalt for North America.

Key technical highlights: awaruite contains roughly 76–77% nickel, Davis Tube Recovery testing showed ~90% mass reduction via magnetic separation, magnetic concentrates averaged 1.30–1.47% Ni with potential to exceed 60% Ni after flotation, and the project spans a 30‑km ophiolite with multiple mineralized zones.

First Atlantic Nickel (OTCQB: FANCF) will attend the North American Stainless & Special Alloys Conference in Nashville on Nov 6-7, 2025 to present the Pipestone XL Nickel Alloy Project. The project hosts awaruite, a sulfur-free natural nickel-iron-cobalt alloy averaging about 77% nickel, plus significant chromium mineralization, enabling smelter-free onshore processing via magnetic separation and flotation.

Company highlights include a confirmed 800 m strike at the RPM Zone (Phase 2X, representing ~20% of a 4 km target), DTR magnetic concentrates averaging 1.30%–1.47% Ni, and drill intercepts such as 480 m @ 0.12% DTR Ni. The release frames Pipestone XL as a potential domestic source of nickel, cobalt and chromium for North American stainless and special alloys supply chains.

First Atlantic Nickel (OTCQB: FANCF, TSXV: FAN) reported Phase 2X visual drilling results at the RPM Zone on Nov 3, 2025, expanding a newly defined 4-km target. Key intersections: AN-25-10 returned 233 m of visible awaruite on Section S1 (stopped for a clay fault); AN-25-09 returned 480 m on Section S3. Sections S1–S2 show ~750 m lateral width; S3 expanded to ~500 m. Approximately 3 km of drill core averages 1.30% Ni in magnetic concentrate, 9.12% mass pull, yielding 0.12% DTR. Assays pending; further step-out drilling planned east and north.

First Atlantic Nickel (OTCQB: FANCF / TSXV: FAN) reported DTR metallurgical results from drill hole AN-25-08 at the RPM Zone, Pipestone XL, on Oct 23, 2025. AN-25-08 returned 480 m averaging 1.35% Ni in magnetic concentrate with an 8.79% mass pull, yielding 0.12% magnetically recoverable Ni over 480 m. This hole doubled the drill-confirmed strike to 800 m within a newly outlined 4-km continuous target, with Phase 2X drilling validating ~20% of that strike. DTR also shows Cr (1.27–2.30% in concentrate) and Co are recovered as byproducts. The company says the refined westward-dip structural model will guide eastward-oriented drilling to test true width and the remaining ~3.2 km of untested target.

First Atlantic Nickel (OTCQB: FANCF, TSX-V: FAN) reports that DTR surface sampling and mapping expanded the RPM Zone at the Pipestone XL project to a continuous 4-kilometer strike, adding ~2 km north of the prior 2 km drill-defined area. Surface DTR results in the new northern extension are comparable to the initial discovery, where drill holes AN-24-05 and AN-25-06 averaged 0.12% DTR Ni in core.

Additional findings include a ~1 km southern extension, westward-dipping ultramafic geometry requiring eastward drill orientation, a potential 1.2 km target width west of Pipestone Pond, and multiple Phase 2X drill assays pending.

First Atlantic Nickel (OTCQB: FANCF) has announced significant progress at its Pipestone XL Nickel Alloy Project, with drill hole AN-25-08 intersecting 491 meters of awaruite mineralization. This discovery has doubled the RPM Zone strike length to 800 meters, marking a major expansion from Phase 1 drilling.

The drill hole revealed the largest awaruite grains identified to date, reaching up to ~2,000 microns - twice the previous record. Davis Tube Recovery (DTR) testing has shown consistent metallurgical results with magnetic concentrate grades averaging 1.38% nickel and 1.67% chromium, yielding a weighted average DTR nickel grade of 0.12%.

The Phase 2X drilling program aims to extend beyond 1 kilometer strike length, with mineralization remaining open in all directions. The company has also identified a new geological model indicating a west-dipping mineralization system.