First Atlantic Nickel Stock Price, News & Analysis

First Atlantic Nickel (OTCQB: FANCF) has announced significant drilling results from their RPM Zone at the Atlantic Nickel Project. The third drill hole, AN-24-04, intersected 366 meters averaging 1.46% nickel and 1.56% chromium in magnetic concentrate, with a mass pull of 9.53%. This 200-meter step-out hole confirms mineralization extends eastward toward Chrome Pond.

The first three holes have delineated 500 meters of lateral width with consistent metallurgical results, showing nickel magnetic concentrate grades of 1.37%, 1.32%, and 1.46%. The company's Phase 2 drilling program is currently underway, targeting expansion in multiple directions. The mineralization contains awaruite, a naturally occurring nickel-iron alloy that can be processed through magnetic separation without requiring traditional smelting or roasting.

First Atlantic Nickel Corp. (FANCF) announced its participation in the Benchmark Mineral Intelligence GIGA USA 2025 conference on June 3-4, 2025, in Washington, DC. The company will showcase its Atlantic Nickel Project, which features awaruite, a sulfur-free nickel mineral with 75% nickel content that can be processed without overseas smelting. The project enables direct processing through magnetic separation and flotation, supporting North America's critical minerals supply chain. The conference will gather major automakers, battery manufacturers, mining companies, and government representatives. Additionally, the company closed agreements to acquire 3,350 hectares of mineral licenses and settled outstanding obligations of $202,950 through share issuance. A Phase 2 drilling program is currently expanding awaruite mineralization, with updates expected in the coming weeks.

First Atlantic Nickel (FANCF) has reported significant results from its fourth drill hole (AN-24-05) at the RPM Zone in Newfoundland. The hole intersected 396 meters grading 0.23% nickel and 0.29% chromium, extending the strike length by 400 meters. Combined with previous results, this delineates a 400-meter by 500-meter mineralized footprint averaging 0.23% nickel.

The company has commenced Phase 2 drilling on May 7, 2025, targeting extensions in multiple directions. All Phase 1 holes ended in mineralization, indicating expansion potential. The RPM Zone is part of a larger 30-kilometer ultramafic ophiolite nickel trend, located 12 km south of Super Gulp Zone and 26 km south of the Atlantic Lake Zone.

Davis Tube Recovery metallurgical testing is pending for holes AN-24-04 and AN-24-05 to evaluate magnetically recoverable nickel content.

First Atlantic Nickel (FANCF) has initiated Phase 2 drilling at the RPM Zone of its Atlantic Nickel Project in Newfoundland, following successful Phase 1 results. The initial phase revealed significant awaruite discovery across four drill holes, with consistent grades averaging ~0.24% nickel and DTR metallurgical testing producing magnetic concentrate yielding ~1.35% nickel. Phase 2 aims to expand the mineralized zone beyond its current 400x500 meter footprint, targeting potential for over one billion tonnes of mineralization. The company is also exploring its 30-kilometer-long ultramafic ophiolite trend for new awaruite targets. Additionally, First Atlantic has acquired eight new mineral licenses totaling 3,350 hectares and settled outstanding consultant obligations through a combination of cash and shares.

First Atlantic Nickel (FANCF) has been awarded a $150,000 grant through Newfoundland & Labrador's Junior Exploration Assistance program to support critical mineral exploration at its 100%-owned Atlantic Nickel Project. The project spans a 30 km Pipestone ophiolite complex rich in nickel, chromium, and cobalt.

The project's primary mineral is awaruite, a sulfur-free nickel-iron alloy composed of ~75% nickel that can be processed without smelting or roasting, offering environmental advantages. Phase 1 drilling revealed wide zones of awaruite nickel mineralization, with Davis Tube Recovery testing confirming effective magnetic separation. The company is preparing to launch its Phase 2 Drill Program, focusing on expanding the RPM Zone discovery.

First Atlantic Nickel Corp. (FANCF) has been featured in a Telegram article highlighting the hydrogen potential of Newfoundland and Labrador's nickel deposits. The company's Atlantic Nickel Project, located in central Newfoundland, contains significant awaruite deposits - a naturally occurring sulfur-free nickel-iron alloy with ~75% nickel content. Awaruite offers key advantages as it can be processed into high-grade concentrates exceeding 60% nickel content through magnetic processing without smelting. This is particularly significant given the 2025 US Inflation Reduction Act requirements for EV tax credits, which mandate that critical minerals must not be processed by foreign entities of concern like China, which currently controls 68-80% of global nickel refining. The company's deposits could contribute to both the emerging hydrogen economy and North America's domestic critical minerals supply chain.

First Atlantic Nickel (TSXV: FAN) (OTCQB: FANCF) has announced significant results from their third drill hole (AN-24-04) at the RPM Zone of the Atlantic Nickel Project in Newfoundland. The hole intersected 0.23% nickel and 0.31% chromium over 366 meters, confirming a mineralized width of at least 500 meters.

Key findings include:

• Consistent mineralization across all drill holes, averaging approximately 0.24% nickel
• Large-grain awaruite (natural nickel metal) observed throughout, with sizes up to 1,000 microns
• Initial 400m x 500m mineralized zone defined, remaining open for expansion
• Davis Tube Recovery testing underway to evaluate magnetically recoverable nickel content

The company is preparing for Phase 2 drilling to expand the RPM Zone and investigate continuity with the Chrome Pond area. The project's awaruite mineralization offers potential for environmentally friendly processing through magnetic separation without smelting.

First Atlantic Nickel Corp (OTCQB: FANCF) has announced Davis Tube Recovery (DTR) metallurgical test results from drill hole AN-24-03 at the RPM Zone of its Atlantic Nickel Project in Newfoundland. The tests yielded a magnetic concentrate averaging 1.32% nickel and 1.95% chromium across the entire 216-meter length, with concentrate grades reaching up to 2.54% nickel.

Key findings include:

• Average mass pull of 9.12% over 216 meters
• DTR nickel grade of 0.11% over 216 meters, increasing to 0.15% in final 21 meters
• Total nickel recovery of 44.44%
• Magnetic concentrate contained 0.06% cobalt

The drill hole encountered a fault zone at 216 meters with elevated DTR nickel grades, suggesting potential for westward expansion. The results confirm awaruite nickel can be effectively concentrated through magnetic separation, potentially enabling production of high-grade nickel concentrate directly at the mine site without smelting requirements.

First Atlantic Nickel Corp. (FANCF) has announced significant drilling results from hole AN-24-03 at the RPM Zone of its Atlantic Nickel Project in Newfoundland. The hole intersected 0.25% nickel and 0.29% chromium over 216 meters, with grades increasing to 0.27% nickel in the final 21 meters.

The Phase 1 drilling program has outlined a mineralized area measuring 500 meters in lateral width and 400 meters in length. The first four holes have confirmed 300 meters of the visually identified width through assays, with both holes ending in mineralization. The drill hole terminated in a heavily sheared fault zone, which the Phase 1 drill rig couldn't penetrate.

The company plans to launch Phase 2 drilling with a more powerful rig to test deeper extensions and expand the mineralized boundary, particularly into the western fault zone where nickel grades were increasing. The mineralization is characterized by coarse-grained awaruite with grain sizes up to 509 microns throughout the hole.