Fathom Announces Completion of Final Requirements Under Gochager Lake Earn-in Agreement

Core Viewpoint - Fathom Nickel Inc. has successfully completed all requirements under the Gochager Lake Earn-In Agreement, securing a 100% interest in the Gochager Lake Property, subject to a 2% net smelter return royalty [1][4]. Group 1: Agreement Completion - The final cash payment and share issuance have been completed, allowing the company to hold a full interest in the property [1]. - The vendor requested changes to the agreement, resulting in a decrease of cash payments by $12,500 to a total of $79,500 and an increase in share issuance by 290,000 to a total of 1,210,000 shares [3]. - The earn-in period was accelerated from four years to three years due to the company's exploration success [3]. Group 2: Exploration Achievements - Since entering the agreement in September 2022, the company has expanded the Gochager Lake property from 4,696 hectares to over 34,000 hectares [2]. - A geological model has been developed that supports comparisons to world-class magmatic nickel sulphide projects [2]. - The original Gochager Lake deposit has been expanded into a mineralized corridor extending over 1.4 km, which remains open along strike in both directions [2]. Group 3: Future Plans and Potential - The company has identified numerous high-priority drill targets as part of its goal to establish a district-scale nickel camp in north-central Saskatchewan [2]. - The Gochager Lake deposit is treated as an Exploration Target, with potential estimates of 4-5 million tons grading 0.3%-0.4% Ni and 0.08%-0.09% Cu, including a higher-grade core of 1.5-2 million tons grading 0.6%-0.7% NiEq [14].