First Atlantic Nickel & Cobalt (FANCF) Stock News

First Atlantic Nickel (OTCQB: FANCF) highlights that its Pipestone XL awaruite nickel-cobalt alloy discovery aligns with U.S. supply‑chain concerns raised in the January 14, 2026 White House proclamation. The company reports magnetic concentrate averaging ~1.3% Ni from near-surface zones that laboratory work aims to upgrade ~45-fold to ~60% Ni via flotation, potentially enabling direct mine-to-refinery processing without smelting. The release notes confirmed chromite in the magnetic fraction, a recent $2.61M financing, and planned winter drilling to expand RPM zone targets.

First Atlantic Nickel (OTCQB: FANCF) closed a non‑brokered flow‑through private placement for gross proceeds of $2,619,316 on Dec 23, 2025. The Offering comprised 3,201,220 charity flow‑through shares at $0.2432 and 8,765,618 flow‑through shares at $0.21. A strategic investor exercised top‑up rights to maintain up to 9.99% ownership.

Proceeds will fund drilling, exploration at the RPM Zone, new drill targets, and expanded metallurgical recovery work at the Pipestone XL project. The company will renounce qualifying expenditures effective Dec 31, 2025. The Offering is subject to final TSX Venture Exchange approval.

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.