RPM(RPM) GlobeNewswire News Room·2025-01-15 19:39Core Viewpoint - First Atlantic Nickel Corp. has received permits for its Phase 2 drilling program and the construction of a southern access trail at its Atlantic Nickel Project, enabling the company to expand its exploration efforts and assess the potential for significant nickel mineralization [1][4][7]. Phase 2 Exploration Update - The Phase 2 drilling program aims to extend the strike length and width of the RPM Zone, focusing on deeper mineralization and exploring targets along the 30 km ophiolite trend [5][10]. - The program will utilize a higher-power drill rig capable of both HQ and NQ drill core, enhancing drilling speed and target depth [7]. Project Development - The construction of the southern access trail is underway, which will facilitate faster and more cost-effective access to the RPM Zone, Chrome Pond, and Pipestone areas [7][9]. - The company is relocating its camp to support expanded drilling activities and has established a drill core processing and storage facility in Grand Falls-Windsor, Newfoundland [6][10]. Awaruite and Market Context - Awaruite, a naturally occurring nickel-iron alloy with approximately 75% nickel content, offers a smelter-free processing method that aligns with North America's critical minerals supply chain needs [11][17]. - The U.S. Inflation Reduction Act mandates that eligible clean vehicles must not contain critical minerals processed by foreign entities of concern, positioning awaruite as a viable domestic source of nickel [12][18]. Strategic Importance - The development of awaruite resources is crucial for reducing dependence on foreign nickel processing, particularly from countries like China, which dominates the global nickel market [14][18]. - First Atlantic aims to contribute significantly to the nickel industry's future, supporting the transition to a cleaner energy landscape and meeting the growing demand for responsibly sourced nickel [18].