Fathom Nickel Stock Price, News & Analysis

Fathom Nickel (OTCQB:FNICF) has completed its summer field exploration program at the Gochager Lake Project, despite being cut short by three days due to wildfires. The program successfully collected 2,926 B-horizon soil samples and 337 rock samples, achieving approximately 90% of intended coverage.

Key discoveries include nickel mineralization in multiple locations: 1,200m along strike of the historic deposit in ultramafic host, 400-500m along strike in gabbroic rock, and 800m west-southwest of the historic deposit in metasediment host. The total area covered by soil geochemistry spans approximately 9km in strike and 1-3km in width.

The company expects to receive all soil and rock geochemistry results by mid-September 2025, which will help determine next steps in developing this nickel camp in north central Saskatchewan.

Fathom Nickel (OTCQB:FNICF) has initiated its summer field exploration program at the Gochager Lake Project, following a delay due to wildfires in the La Ronge region. The program includes extensive mapping, prospecting, and collection of approximately 4,000 B-horizon soil samples.

The company will focus on three significant multi-element soil geochemical anomalies discovered in 2024: a 600m x 150m feature west of Weaver Lake Camp, a 500m combined strike area north-northwest of camp, and a 200m strike circular feature along Gochager Lake's northern shore. These anomalies showed impressive nickel concentrations, with values reaching up to 1,650ppm Ni.

The program, expected to complete within 3 weeks, will explore areas along the Interpreted Regional Shear, which may host clustered magmatic nickel sulphide deposits.

Fathom Nickel (OTCQB: FNICF) has appointed Alan Coutts to its Board of Directors. Coutts, the former President and CEO of Noront Resources, notably led the sale of Noront to Wyloo Metals in 2022 for over C$650 million, marking the largest nickel acquisition of the past decade.

Coutts brings over 35 years of mining experience and has held senior positions at prominent companies including Xstrata Nickel, Noranda, and Falconbridge Limited. His expertise spans critical minerals, and he holds a B.Sc. in Geology from the University of Alberta and a P.Geo. designation in Ontario.

The appointment strengthens Fathom's leadership as it advances its Albert Lake and Gochager Lake projects in northeastern Saskatchewan, within the same Proterozoic belt hosting the Raglan and Thompson nickel complexes.

Fathom Nickel (FNICF) has expanded its Gochager Lake Property through direct staking with Saskatchewan's Ministry of Energy and Resources, adding three contiguous mineral dispositions totaling 10,519.43 hectares. This expansion brings the total property size to 34,409.34 hectares across 39 contiguous mineral claims. The newly staked area includes known mafic-hosted nickel-copper occurrences, gold occurrences, and covers potential extensions of the Borys Lake VMS-style trend. However, due to wildfire conditions in the La Ronge area of north-central Saskatchewan, the company has been forced to postpone its planned summer field exploration program until conditions improve later in the summer. The company has scheduled a webinar for June 11, 2025, at 8:00 AM MST/10:00 AM EST to provide updates to shareholders and stakeholders.

Fathom Nickel (FNICF) has completed the second and final tranche of its non-brokered private placement, raising total gross proceeds of $1.5 million through the issuance of 50 million units at $0.03 per unit. The second tranche closed with 14,097,500 units for $422,950, following the first tranche of 35,902,500 units for $1,077,050. Each unit includes one common share and one warrant exercisable at $0.05 for 36 months. Crescat Capital made a strategic investment representing 33% of the offering, increasing their ownership to 17.1%. Company insiders, including CEO Ian Fraser and President Doug Porter, participated with 6.9% ($103,425). The proceeds will fund exploration at the Gochager Lake Project and working capital needs.

Fathom Nickel Inc (CSE: FNI) (OTCQB: FNICF) has announced its participation in a live virtual corporate update hosted by Red Cloud Financial Services, scheduled for November 6th, 2024, at 2:00 PM ET. The company's CEO and VP Exploration will discuss developments at the Gochager Lake and Albert Lake projects, focusing on nickel, copper, cobalt, and PGE commodities. The presentation will include a Q&A session, and a replay will be available to all registrants afterward.

Fathom Nickel Inc. (CSE: FNI) (OTCQB: FNICF), a company focused on discovering Magmatic Nickel Sulphide deposits in Saskatchewan, Canada, has announced its participation in Red Cloud's Fall Mining Showcase. The event will take place on October 16 & 17, 2024, at the Sheraton Centre Toronto Hotel.

Ian Fraser, CEO and VP Exploration of Fathom Nickel, is scheduled to present on October 17th at 10 am Eastern Standard time. The company invites shareholders and interested parties to attend the conference. Registration details are available on the Red Cloud Financial Services website.