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Fathom Nickel (OTCQB: FNICF) completed a winter trail and mobilized drilling equipment to Gochager Lake, with a 3,000–4,000 m winter drill program expected to start the first week of March 2026.
The company says the program is fully funded; if spring break-up interrupts drilling, the balance would be completed in late May–early June 2026. Targets follow a >8km Ni in-soil trend and multiple multi-element anomalies (notably Area A, B, C, D).
Fathom Nickel (OTCQB: FNICF) announced the start of winter trail access to the Gochager Lake project on December 10, 2025. The company received permission to use the Roy-Lloyd mine access road and will flag and prepare a trail north to Benjamin Lake with a target completion by Christmas 2025. Work will resume after the holidays to ready historic trails and, if ice is suitable, ice roads on Benjamin and Bellows lakes to enable drilling equipment access by mid-February 2026.
Fathom plans a low-frequency EM survey along strike in early January 2026 to extend previous EM work over an expanded Ni-Cu-Co geochemical footprint and is arranging a drill contractor for the anticipated program.
Fathom Nickel (OTCQB:FNICF) reported preliminary 2025 soil geochemistry results at the Gochager Lake project showing a favourable Ni in-soil footprint exceeding 8.6 km strike length. The 2025 program collected 2,998 B-horizon samples (including 86 duplicates) and identified a newly discovered Ni anomaly of 1,500m x 400m about 2.7 km southwest of the historic deposit. Mineralized variable-texture gabbro was mapped over >3.5 km within the 8.6+ km corridor. Final rock assays remain outstanding and further results will follow after interpretation.
Fathom Nickel (OTCQB: FNICF) announced updated mapping and pXRF results at the Gochager Lake project showing the historic deposit container rock now mapped along a minimum 3.5 km northeast strike. The company collected 684 outcrop chip pXRF readings during summer-fall 2025 and submitted 79 rock grab samples
Fathom highlighted continuity of variable-textured gabbro and clotted gabbro footwall along strike, the presence of disseminated to semi-massive sulphide mineralization, and existing untested borehole EM off-hole conductors that could guide future drilling and high-grade sulphide discovery efforts.
Fathom Nickel (OTCQB: FNICF) announced on October 7, 2025 that it has completed the final cash payment and share issuance under the Gochager Lake Earn-In Agreement and now holds a 100% interest in the Gochager Lake Property, subject to a 2% NSR royalty. The company said it expanded the property footprint from 4,696 ha to >34,000 ha, developed a geological model comparing it to certain magmatic nickel sulphide projects, extended the mineralized corridor to 1.4 km and reported multiple high-priority drill targets as it advances a district-scale nickel camp in north-central Saskatchewan.
Fathom Nickel (OTCQB:FNICF) has initiated an additional prospecting program at its Gochager Lake Project following recent wildfires that exposed new outcrop areas. The company's geology crews have mobilized to conduct prospecting and pXRF rock geochemistry on newly exposed areas, extending up to 1.4km along strike to the east-northeast of the historic Gochager Lake deposit.
The program will involve collecting chip samples from newly exposed outcrop and scanning them with a portable X-ray Florescence device. Both mineralized and non-mineralized gabbro-pyroxenite samples will be collected for multi-element assay and whole rock geochemistry analysis. The company expects to receive complete soil and rock geochemistry assay results by mid-October 2025.
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.