FIRST ATLANTIC NICKEL CRP - FANCF STOCK NEWS

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) has commenced drilling at its 100% owned Atlantic Nickel Project in Newfoundland, Canada, following new awaruite discoveries across a 30 km nickel trend. The drilling program targets multiple high-priority nickel zones, including the newly discovered RPM and Super Gulp areas, which have never been drilled before.

Key highlights include:

• Multiple target areas with potential volumes ranging from 500 million to over 1 billion tonnes
• Recent sampling program identified new and expanded awaruite nickel-alloy zones
• Awaruite's properties enable smelter-free magnetic separation, aligning with US Electric Vehicle IRA requirements
• The project aims to contribute to a more secure and resilient nickel supply chain for North America

The drilling focuses on areas with high geochemical nickel concentrations and confirmed visual awaruite occurrences along the 30 km nickel trend within a large-scale ultramafic sequence.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) has closed the acquisition of the Atlantis Nickel Project in Newfoundland. The project covers 13 mining licenses with 547 mineral claims spanning 13,675 hectares. Key highlights include:

- Located in the St. Anthony Complex and White Hills Peridotite
- Historic assays reported 54.05% Chromium and 0.37% Nickel
- Excellent infrastructure with nearby highway and power lines
- First Atlantic plans detailed data compilation and preliminary sampling

The acquisition terms include a $5,000 cash payment and 4,000,000 common shares issued to the optionors. The project is subject to a 2% NSR royalty, with First Atlantic retaining a buyback option for half the royalty.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) announces new discoveries and expansion of multiple awaruite zones at its Atlantic Nickel Project in Newfoundland, Canada. The company has mobilized a drill rig for its first drilling program, focusing on high-priority targets identified through a summer sampling program. Key highlights include:

1. Discovery of two new high-priority nickel zones: RPM and Super Gulp
2. Completion of a regional LiDAR survey
3. Potential for smelter-free nickel production aligning with US EV requirements
4. Acquisition of the Atlantis Ultramafic Project in northern Newfoundland

The sampling program validated and expanded drilling targets across a 25 km stretch of the 30 km nickel trend. The company emphasizes the potential of awaruite as a cleaner, safer, and domestically processable nickel source to reduce reliance on China-dominated foreign refining and smelting.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) reports significant progress at its Atlantic Nickel Project in Newfoundland, Canada. Key developments include:

• Completion of Phase 1 road upgrades with three new bridges
• Establishment of an all-weather camp on-site
• Ongoing district-scale awaruite nickel sampling program along a 30 km trend
• Initiation of a district-wide airborne LiDAR survey
• Preparations for a 2024 drilling program

The project benefits from strategic location, year-round access, and proximity to infrastructure. Awaruite, a nickel-iron alloy, is highlighted as a potential solution to North America's nickel concentrate shortage, offering easier concentration and environmentally safer processing compared to conventional nickel sources.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) has provided an update on its Atlantic Nickel Project in Newfoundland, Canada. Key highlights include:

• Completion of first site visit with a Strategic Investor
• Installation of the first bridge as part of infrastructure upgrades
• Expansion of the geological team with awaruite experience
• Preparation for an exploration camp establishment
• Planning of LiDAR/Photos airborne program for geological mapping

The company is focusing on awaruite, a nickel-iron alloy that offers a cleaner and safer processing alternative to conventional nickel sources. This aligns with the growing demand for sustainable nickel in the electric vehicle and stainless steel markets, while reducing reliance on China-dominated foreign refining and smelting.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) has received drilling permits for its 2024 work program at the Atlantic Nickel Project in Newfoundland, Canada. The company plans a 5,000-meter multi-zone drill program covering 26 sites along a 30 km awaruite nickel trend. Key highlights include:

1. Road upgrades to reduce costs and maximize drilling efficiency
2. Guidance from world nickel expert Dr. Ron Britten
3. 21,850 hectare land position covering the entire Pipestone Ophiolite Complex
4. Focus on awaruite nickel, which offers simpler, environmentally safer processing
5. Potential for a district-scale nickel discovery with nearby infrastructure

The company has raised $2,084,999.91 to fully fund the planned work, with a strategic investor acquiring a 9.98% stake.

First Atlantic Nickel reports confirmation of a 30 km nickel trend at their Atlantic Nickel Project in Newfoundland, Canada. Initial sampling highlights significant nickel mineralization, including up to 2,800 ppm nickel, within a 30 km trend. This project is strategically located near maritime routes and essential infrastructure, making it ideal for exploration and development. A $2.1M investment will expedite exploration efforts, with a 5,000-meter drilling program starting immediately.

Four priority areas identified for follow-up work include Atlantic Lake, Gulp Pond, Pipestone, and Chrome Pond. The focus is on awaruite, a nickel-iron alloy, with low sulfur values, which is beneficial for high-grade nickel concentration. The exploration program, guided by Dr. Ron Britten, aims to further define the extent and quality of nickel mineralization. The potential to reduce dependency on foreign nickel smelting and environmental benefits position this project favorably in the market.

First Atlantic Nickel has received exploration permits for its 2024 program at the Atlantic Nickel Project in Newfoundland, Canada. The company has also submitted drill permits for a fully funded 5,000-meter summer drill program targeting four high-priority areas along a 30-kilometer awaruite nickel trend.

The program is guided by nickel expert Dr. Ron Britten, who previously advanced the Decar Project in British Columbia. Initial permits were approved quickly, reflecting strong local support. The focus areas include Atlantic Lake, Gulp Pond, Pipestone, and Chrome Pond, with promising historical data suggesting significant nickel mineralization.

The Atlantic Nickel Project covers 21,850 hectares and holds strategic importance due to its location and resource potential. The company aims to further explore and develop the nickel trend, leveraging Dr. Britten's expertise to maximize the project’s success.

First Atlantic Nickel has appointed Dr. Ron Britten, a renowned nickel expert, as a Technical Advisor for its Atlantic Nickel Project in Newfoundland, Canada. Dr. Britten is celebrated for discovering the Decar awaruite project in British Columbia, which contains over 10 billion pounds of nickel.

Additionally, Rahim Kassim-Lakha, with 28 years of experience in global investment, joins as a Strategic Advisor. The company recently secured $2.1 million in charity flow-through financing, with a strategic investor acquiring a 9.98% equity position. The funds will support an upcoming 5,000-meter drilling campaign targeting multi-billion-ounce nickel deposits in Newfoundland's Pipestone Ophiolite Complex.