Fathom Nickel Announces $3 Million Private Placement Including Strategic Participation by Crescat Capital LLC

Core Viewpoint - Fathom Nickel Inc. is initiating a non-brokered private placement financing to raise up to C$3,000,000 to support its exploration activities, particularly at the Gochager Lake property, amid a favorable nickel price environment [1][2]. Financing Details - The Offering will consist of charity flow-through units priced at C$0.048 and hard dollar units priced at C$0.031 [1]. - Crescat Capital LLC has committed to invest up to 20% of the Offering, which will result in Crescat owning approximately 18% of Fathom's common shares on a non-diluted basis upon completion [2]. Use of Proceeds - Proceeds from the Charity FT Units will be allocated for general exploration expenditures qualifying as "flow through critical mineral mining expenditures" under Canadian tax law, to be utilized before December 31, 2027 [5]. - Net proceeds from the HD Units will be directed towards exploration and development of mineral projects, as well as working capital and general corporate purposes [5]. Exploration Plans - The financing will enable a drill program of 3,000 to 4,000 meters at the Gochager Lake property, targeting high-priority areas identified through geological and geochemical analysis [6]. - The drill program is set to commence in mid to late February 2026, with results expected in early Q2 [6]. Regulatory and Closing Information - The Offering is subject to customary closing conditions, including approval from securities regulatory authorities and the Canadian Securities Exchange [8]. - The sale of HD Units is anticipated to close around February 11, 2026, while the Charity FT Units are expected to close around February 18, 2026 [7].