Fathom Realty(US:FTHM) TMX Newsfile·2026-02-18 22:50Core Viewpoint - Fathom Nickel Inc. has successfully closed the first tranche of its upsized non-brokered private placement, raising a total of C$3,225,900 through the issuance of charity flow-through units and non-flow-through units, with further funding expected from a second tranche. Group 1: Offering Details - The first tranche included the issuance of 52,083,334 charity flow-through units at C$0.048 each, generating gross proceeds of C$2,500,000, and 23,416,129 non-flow-through units at C$0.031 each, generating gross proceeds of C$725,900 [1][2] - The second tranche is anticipated to close around February 24, 2026, with an additional C$774,000 expected from non-flow-through units [1] Group 2: Unit Composition - Each non-flow-through unit consists of one common share and one transferable common share purchase warrant, exercisable for 36 months at an exercise price of C$0.05 [2] - Each charity flow-through unit consists of one flow-through common share and one transferable common share purchase warrant, also exercisable for 36 months at an exercise price of C$0.05 [3] Group 3: Use of Proceeds - Proceeds from the charity flow-through units will be allocated to eligible Canadian exploration expenses related to the Gochager Lake Project, with a deadline for incurring these expenses set for December 31, 2027 [5] - The net proceeds from the non-flow-through units will be utilized for exploration and development of mineral projects, as well as for working capital and general corporate purposes [6] Group 4: Company Overview - Fathom Nickel Inc. is focused on exploring magmatic nickel sulphide deposits to secure critical mineral supplies in North America, supporting the global green energy transition [9] - The company holds three exploration projects in Saskatchewan: Albert Lake, Gochager Lake, and Friesen Lake, with significant historical mineralization reported in these areas [9][10]