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FIRST ATLANTIC NICKEL CRP - ACPRF STOCK NEWS

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First Atlantic Nickel Corp. (formerly Avante Mining Corp.) is a publicly-traded Canadian mining exploration company, symbol ACPRF. The company's primary focus is on developing high-value, geographically significant nickel projects, particularly the Atlantic Nickel Project and the Voisey's West Project. Both projects aim to address the growing global demand for sustainably sourced nickel, essential for electric vehicle batteries, clean energy, and stainless steel production.

The Atlantic Nickel Project is located in Newfoundland and Labrador, Canada, and is notable for its significant nickel awaruite deposits. Unlike traditional nickel sulfide ores, awaruite does not require smelting, leading to lower carbon emissions and a more environmentally friendly extraction process. This makes the project highly attractive to battery and steel producers seeking to reduce their carbon footprint and secure a stable supply chain for critical minerals.

The Voisey's West Project is situated in the same intrusive complex as the world-renowned Voisey's Bay Nickel mine. It boasts remaining proven and probable reserves of 32.4 million tonnes of 2.13% nickel, 0.96% copper, and 0.13% cobalt. Recent drilling has identified new high-grade nickel intercepts, further enhancing the project's potential to become one of the leading nickel operations globally.

First Atlantic Nickel is committed to responsible exploration and environmental stewardship. With a robust exploration strategy, the company is advancing its projects through extensive fieldwork, data compilation, and strategic acquisitions. Recent milestones include the acquisition of additional mining licenses, increasing the project size to cover approximately 210 square kilometers of mineralized belt, and successful uplisting to the OTCQB Venture Market under the symbol FANCF.

Under the leadership of CEO Adrian Smith, First Atlantic Nickel is dedicated to leveraging its high-quality projects, strategic location, and experienced team to meet the rising demand for nickel. The company's initiatives also include significant investor outreach and marketing campaigns to enhance visibility and attract investment, further solidifying its position in the critical minerals sector.

For more information, please visit the official website at www.fanickel.com or follow the company on social media platforms like Twitter, Facebook, and LinkedIn.

Rhea-AI Summary
Avante Mining Corp. (TSXV: AVA) (OTC Pink: ACPRF) (FSE: P210) has closed an option agreement with SSAF Collective to acquire a 100% interest in nine mineral licenses in Newfoundland. The company issued 500,000 common shares and paid $30,000 to the Optionors. The agreement requires cash payments of $380,000, issuing 4,000,000 shares, and incurring $1,500,000 in expenditures over four years. The Pipestone Project encompasses 161 claims covering 40.25 square kilometers of ground. Exploration work will begin this fall/winter. CEO Adrian Smith is optimistic about the potential of the Pipestone Project, citing the success of the Voisey's West project and the opportunity to explore for a bulk tonnage 'green' nickel deposit within the extensive Newfoundland ophiolitic rocks.
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Avante Mining Corp. (TSXV: AVA) (OTC Pink: ACPRF) (FSE: P210) announces an option agreement with SSAF Collective to acquire the Pipestone Project, a nickel exploration project with 161 claims in Newfoundland, with out-cropping awaruite, a green metal for a low carbon world, and good infrastructure. The agreement includes a payment of $380,000 and 4,000,000 common shares over four years, subject to TSX-V approval.
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Avante Mining Corp. announces high-grade nickel-copper mineralization at Voisey's West project. Assay results show 2.84% nickel and 3.28% nickel equivalent over one meter. New zone identified with potential for increased grades and expansion of mining activities. Project located near Voisey's Bay mine.
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Avante Mining Corp. receives positive assay results from its drilling program at the Voisey's West nickel project, confirming high-grade nickel intercepts and the presence of a magmatic sulfide system similar to Voisey's Bay mine. Assays from other holes and potential for major nickel discovery yet to be determined.
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Avante Mining Corp. intersects additional intervals with visually identified nickel sulphide at Voisey's West nickel project. Highest concentration of sulfides to date. Higher percentage of visual copper mineralization indicating potential for platinum group elements and gold enrichment. Multiple targets remain open for expansion and show potential for additional new discoveries. Magmatic nickel sulphide style of mineralization. Positive outlook for substantial mineral accumulations.
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Avante Mining Corp. approves debt settlement of $36,582 through issuance of common shares. Grants stock options for purchase of up to 1,700,000 shares.
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Avante Mining Corp. intersects a 24-metre interval with visible sulfides and visually identified pentlandite at Voisey's West nickel project. Multiple high-grade nickel zones found. Multiple targets remain open for expansion. Positive potential for additional new discoveries.
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FAQ

What is the current stock price of FIRST ATLANTIC NICKEL CRP (ACPRF)?

The current stock price of FIRST ATLANTIC NICKEL CRP (ACPRF) is $0.1181 as of May 23, 2024.

What is the market cap of FIRST ATLANTIC NICKEL CRP (ACPRF)?

The market cap of FIRST ATLANTIC NICKEL CRP (ACPRF) is approximately 6.6M.

What is First Atlantic Nickel Corp.'s primary focus?

First Atlantic Nickel Corp. focuses on developing high-value nickel projects, particularly the Atlantic Nickel and Voisey's West projects, aimed at providing sustainably sourced nickel.

Where are First Atlantic Nickel Corp.'s major projects located?

The company's major projects, Atlantic Nickel and Voisey's West, are located in Newfoundland and Labrador, Canada.

What makes the Atlantic Nickel Project unique?

The Atlantic Nickel Project is unique due to its significant nickel awaruite deposits, which do not require smelting, resulting in lower carbon emissions and a more environmentally friendly extraction process.

What recent achievements has First Atlantic Nickel Corp. made?

Recent achievements include acquiring additional mining licenses, expanding the project area to 210 square kilometers, and successful uplisting to the OTCQB Venture Market.

How does First Atlantic Nickel Corp. ensure sustainable operations?

The company is committed to responsible exploration, environmental stewardship, and working closely with local communities to create sustainable economic opportunities.

Who is the CEO of First Atlantic Nickel Corp.?

Adrian Smith is the CEO of First Atlantic Nickel Corp.

What is the significance of the Voisey's West Project?

The Voisey's West Project is significant for its high-grade nickel deposits and proximity to the world-class Voisey's Bay Nickel mine, making it one of the leading nickel operations globally.

How can investors stay updated on First Atlantic Nickel Corp. news?

Investors can stay updated by visiting the company's website at www.fanickel.com and following their social media platforms on Twitter, Facebook, and LinkedIn.

What is the OTCQB Venture Market listing symbol for First Atlantic Nickel Corp.?

The OTCQB Venture Market listing symbol for First Atlantic Nickel Corp. is FANCF.

Why is nickel considered a critical mineral?

Nickel is essential for industries like electric vehicle batteries, infrastructure, clean energy, and aerospace. Its designation as a critical mineral underscores its importance to the economy and security.

FIRST ATLANTIC NICKEL CRP

OTC:ACPRF

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6.59M
29.67M
1.81%
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