First Atlantic Nickel Stock Price, News & Analysis

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.

First Atlantic Nickel (OTCQB: FANCF) has renamed its Atlantic Nickel Project to Pipestone XL, reflecting its 100% ownership of the 30-kilometer Pipestone Ophiolite Complex in Newfoundland. The project features three drill-confirmed zones of awaruite (Ni3Fe) nickel alloy mineralization: RPM Zone, Super Gulp Zone, and Atlantic Lake Zone.

The company's Phase 2X drilling program aims to double both strike length and width of awaruite mineralization at the RPM Zone, which currently spans 400m x 500m. Initial Phase 1 drilling yielded promising results with Davis Tube Recovery (DTR) testing confirming magnetic concentrate grades averaging 1.38% nickel and 1.67% chromium, with an average DTR nickel grade of 0.12%.

The project benefits from strategic advantages including surface mineralization, road access, proximity to hydroelectric power, and simplified processing due to awaruite's magnetic properties enabling concentration without smelting.

First Atlantic Nickel (OTCQB:FANCF) has renamed its Atlantic Nickel Project to Pipestone XL, reflecting its 100% ownership of the 30-kilometer Pipestone Ophiolite Complex in Newfoundland. The project features three drill-confirmed zones of awaruite nickel mineralization: RPM, Super Gulp, and Atlantic Lake.

The company's Phase 2X drilling program aims to double both strike length and width of the RPM Zone, which currently spans 400m x 500m. Initial Davis Tube Recovery testing confirmed magnetic concentrate grades averaging 1.38% nickel and 1.67% chromium, with DTR nickel grade of 0.12% and 9.08% mass pull.

Pipestone XL's strategic advantages include surface mineralization, simplified magnetic processing without smelting, and location in a top-10 mining jurisdiction with established infrastructure and hydroelectric power access.

First Atlantic Nickel (OTCQB: FANCF) announced significant expansion of its RPM Zone at the Atlantic Nickel Project in Newfoundland. The second Phase 2 drill hole, AN-25-07, intersected 495 meters of visible awaruite mineralization, expanding the mineralized section to 750 meters in width, a 50% increase from Phase 1.

The drilling program has now tested 800 meters of north-south strike length, with plans to define over 1 kilometer of continuous awaruite mineralization. The project's metallurgical testing has shown magnetically recoverable nickel averaging 1.38% in magnetic concentrate, with a mass pull of 9.08% and overall recovery of 51.59% from an average starting grade of 0.24%.

Notably, awaruite's sulfur-free composition eliminates the need for conventional smelting processes and avoids environmental challenges associated with sulfide minerals, positioning the project as a potential clean nickel source for North America.

First Atlantic Nickel (OTCQB: FANCF) has reported significant results from its Phase 2 drilling program at the RPM Zone of the Atlantic Nickel Project in Newfoundland. The company's deepest drill hole to date, AN-25-06, returned 1.27% awaruite nickel alloy in magnetic concentrate over a continuous 447.35-meter interval.

Key findings include a 9.02% mass pull with 51.84% total nickel recovery and additional chromium mineralization averaging 1.69% in magnetic concentrate. The drill hole, located 200 meters east of AN-24-05, successfully expands the mineralized zone eastward toward Chrome Pond and demonstrates consistency with Phase 1 drilling results.

The company's Phase 2 program continues to expand beyond the initial 400-meter by 500-meter footprint, with drilling now testing mineralization up to 800 meters in north-south strike length.

First Atlantic Nickel (OTCQB: FANCF) has released its Initial Phase 2 Drill Plan Map and announced significant results from its Phase 1 drilling program at the RPM Zone within its Atlantic Nickel Project in Newfoundland. The Phase 1 program successfully identified a near-surface mineralized zone measuring 400m x 500m containing magnetically recoverable awaruite nickel mineralization.

Key metallurgical results include an average magnetically recoverable nickel grade of 0.13%, with a magnetic nickel concentrate of 1.41% Ni and an average mass pull of 9.1%. The total nickel recovery averaged 54% based on an initial grade of 0.24%. This represents the first large-scale, drill-defined awaruite discovery in the Atlantic region.

The fully funded Phase 2 drilling program is now underway, targeting expansion of the mineralized zone, which remains open in all directions. The project's awaruite mineralization offers significant advantages, as it can be processed through magnetic separation without requiring smelting or acid leaching.

First Atlantic Nickel (OTCQB: FANCF) announced significant expansion of its RPM Zone awaruite nickel-alloy discovery through drill hole AN-24-05, extending mineralization 400 meters north of the initial discovery. The hole yielded 1.47% nickel concentrate over 351 meters in Davis Tube Recovery (DTR) metallurgical testing, with an 8.21% mass pull.

Phase 1 drilling has defined a 400m x 500m mineralized area, with all four holes intersecting consistent awaruite mineralization. Concentrate grades ranged from 1.32% to 1.47% nickel, with mass pulls between 8.21% and 9.53%. The RPM Zone discovery is part of a 30km long ultramafic nickel belt within the Pipestone Ophiolite Complex.

Phase 2 drilling is currently underway to expand the mineralized footprint, with all Phase 1 holes ending in mineralization and remaining open in all directions. The discovery's significance is enhanced by awaruite's potential as a sulfur-free, environmentally friendly nickel source that can be processed without smelting.