Core Insights - First Atlantic Nickel Corp. has announced significant results from its Pipestone XL Nickel Alloy Project, particularly from drill hole AN-25-08, which has doubled the confirmed strike length of the RPM Zone to 800 meters and confirmed the continuity of awaruite nickel mineralization [1][4][13]. Group 1: Drill Results and Geological Insights - Drill hole AN-25-08 achieved an average of 1.35% nickel over 480 meters with a mass pull of 8.79%, resulting in a magnetically recoverable nickel grade of 0.12% [1][4][12]. - The RPM Zone now spans a 4-kilometer continuous target area, with 800 meters confirmed through Phase 2X drilling, indicating significant expansion potential [2][5][13]. - Drill hole AN-25-07, despite sub-optimal orientation, returned 0.97% nickel over 486 meters, providing valuable geological information about the westward-dipping system [6][21][22]. Group 2: Structural Understanding and Future Drilling - The refined understanding of the westward-dipping ultramafic body will optimize future drilling orientations, particularly emphasizing the need for eastward drilling to effectively test the mineralized structure [7][9][10]. - The systematic DTR surface sampling program has outlined multiple priority expansion opportunities within the 4-kilometer target area, including a 2-kilometer northern extension and a 1-kilometer southern extension [8][10][13]. Group 3: Metallurgical Testing and Critical Minerals - DTR testing has shown that chromium and cobalt are magnetically recovered alongside nickel, with chromium values ranging from 1.27% to 2.3% across drill holes, enhancing the project's strategic value [10][29][31]. - The ongoing metallurgical development program aims to optimize the recovery of these critical minerals, contributing to North American supply-chain security [10][31][41]. Group 4: Project Overview and Strategic Importance - The Pipestone XL Nickel Alloy Project is located within a 30-kilometer-long ultramafic ophiolite trend, characterized by disseminated awaruite mineralization, with only 20% of the target area currently drill-tested [37][38][41]. - The project aligns with North American critical mineral objectives, positioning it as a strategic asset for the domestic battery supply chain [38][43].

Core Insights - First Atlantic Nickel Corp. has reported significant drilling results from the Pipestone XL Nickel Alloy Project, confirming a 800-meter strike length of magnetically recoverable awaruite nickel mineralization within an expanded 4-kilometer target area. Group 1: Drill Results and Target Area Expansion - Drill hole AN-25-08 has successfully doubled the drill-confirmed strike length of the RPM Zone to 800 meters, returning 480 meters averaging 1.35% nickel in magnetic concentrate, with an average magnetically recoverable nickel grade of 0.12% over the entire drill hole [4][14]. - The RPM Zone now encompasses an expanded 4-kilometer continuous target area, with Phase 2X drilling confirming magnetically recoverable awaruite nickel mineralization in all holes drilled to date [5][14]. - The integration of Phase 2X drilling results with surface sampling and geological mapping has refined the understanding of the westward-dipping ultramafic body hosting awaruite mineralization, indicating significant expansion potential in the remaining ~3.2 kilometers of the target area [3][5]. Group 2: Metallurgical Testing and Critical Minerals - Davis Tube Recovery (DTR) testing has shown that chromium and cobalt are magnetically recovered alongside nickel, with chromium values ranging from 1.27% to 2.3% across drill holes at the RPM Zone [11][27]. - The ongoing metallurgical development program aims to optimize magnetic separation processes to produce high-grade nickel concentrates while assessing the potential to recover chromium and cobalt as valuable byproducts, enhancing the strategic value of the project [11][29]. - The co-recovery of multiple critical minerals through simple magnetic processing could contribute to North American supply-chain security and reduce reliance on foreign sources [11][29]. Group 3: Future Drilling and Structural Understanding - The refined understanding of the westward-dipping structure from Phase 2X drilling will be applied to retarget the Super Gulp Zone, located ~10 kilometers north of the RPM Zone, with future eastward-oriented drilling expected to effectively test the true width of the mineralized structure [10][22]. - The successful results from drill holes AN-25-07 and AN-25-08 have confirmed the need for eastward-oriented drilling to optimize future exploration efforts across the project [7][10].

GRAND FALLS-WINDSOR, Newfoundland and Labrador, Oct. 21, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSX-V: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to report that recent Davis Tube Recovery (DTR) surface sampling and geological mapping has successfully expanded the RPM Zone target area to a continuous 4-kilometer strike length within the 30-kilometer nickel trend at its Pipestone XL Nickel Alloy Project in central Newfoundland. The new results extend the known ...

Phase 2X Drilling Achieves 800 Meter Strike Length with First Hole on Line S3 Confirming Continuity of Awaruite MineralizationGRAND FALLS-WINDSOR, Newfoundland and Labrador, Sept. 25, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to report that drill hole AN-25-08 intersected 491 meters of large grain, visibly disseminated awaruite (Ni3Fe) mineralization at the RPM Zone within its Pipestone XL Nickel Alloy Project (f ...

GRAND FALLS-WINDSOR, Newfoundland and Labrador, Sept. 25, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to report that drill hole AN-25-08 intersected 491 meters of large grain, visibly disseminated awaruite (Ni3Fe) mineralization at the RPM Zone within its Pipestone XL Nickel Alloy Project (formerly named the Atlantic Nickel Project) in Newfoundland. This significant intersection on Line S3, is the first reported dr ...

Core Insights - First Atlantic Nickel Corp. announced positive Davis Tube Recovery (DTR) metallurgical test results from drill hole AN-24-04, indicating significant nickel and chromium grades in the RPM Zone of the Atlantic Nickel Project [1][6][7] - The results from the first three drill holes demonstrate consistent metallurgical performance, confirming a lateral width of at least 500 meters of disseminated awaruite mineralization [2][6][8] - Awaruite's unique properties allow for environmentally sustainable magnetic separation, eliminating the need for energy-intensive smelting processes, thus enhancing the potential for a secure domestic nickel supply chain [3][17][20] Summary by Sections Drill Results - Drill hole AN-24-04 returned 366 meters averaging 1.46% nickel and 1.56% chromium in magnetic concentrate, with peak grades reaching 2.42% nickel and 4.59% chromium [1][6][7] - The average mass pull for this hole was 9.53%, indicating effective magnetic separation [6][8] - The first three drill holes have shown consistent results, with grades of 1.37%, 1.32%, and 1.46% nickel, and mass pulls of 9.49%, 9.12%, and 9.53% respectively [2][6] Mineralization and Expansion Potential - The DTR results confirm a mineralized footprint of approximately 500 meters in width, with drill hole AN-24-04 establishing the eastern direction toward Chrome Pond as a high-priority target for further exploration [2][16] - The ongoing Phase 2 drilling program aims to expand the mineralization in all directions, supported by improved infrastructure and equipment optimizations [16][29] Awaruite Characteristics and Processing - Awaruite, a nickel-iron alloy with approximately 75% nickel, can be processed through magnetic separation, avoiding the costly and environmentally harmful smelting processes required for traditional nickel ores [3][17] - This processing method aligns with the U.S. Inflation Reduction Act's requirements for critical minerals, potentially benefiting North American electric vehicle manufacturers [17][20] Strategic Importance - The development of awaruite resources is crucial for reducing dependence on foreign nickel processing, particularly from countries like China, which dominate the global nickel market [20][29] - Awaruite's cleaner processing methods could enhance the resilience and security of North America's critical minerals supply chain, particularly for the stainless steel and electric vehicle industries [20][29]

Core Insights - First Atlantic Nickel Corp. has reported positive assay results from drill hole AN-24-05, confirming a 400-meter north-south mineralized strike length at the RPM Zone, with an average of 0.23% nickel and 0.29% chromium over 396 meters [1][4][7] - The Phase 1 drilling program has established a 400-meter by 500-meter mineralized footprint at the RPM Zone, with all four drill holes ending in mineralization, indicating significant potential for further expansion [2][5][11] - Phase 2 drilling commenced on May 7, 2025, targeting extensions of the RPM Zone in multiple directions, with ongoing metallurgical testing to assess the suitability of the mineralization for commercial processing [2][10][17] Phase 1 Drilling Results - Drill hole AN-24-05 intersected 396 meters grading 0.23% nickel and 0.29% chromium, starting after 6 meters of overburden [4][6] - The hole reached a total depth of 402 meters and ended in mineralization, indicating further expansion potential [4][7] - Awaruite mineralization was consistently observed across all Phase 1 holes, reinforcing the potential for additional discoveries [5][22] Phase 2 Drilling Program - The fully funded Phase 2 program aims to expand the mineralized footprint established in Phase 1, with strategic step-out drilling planned in various directions [10][11] - The program will explore deeper mineralization and assess geological continuity between the RPM Zone and nearby areas [12][11] - Enhanced drilling capabilities and full road access are expected to improve efficiency and reduce costs during the Phase 2 program [11][10] Metallurgical Testing - Davis Tube Recovery (DTR) testing is underway for drill holes AN-24-04 and AN-24-05 to evaluate magnetically recoverable nickel content [17][22] - Initial DTR results from earlier holes indicated an average of ~1.35% nickel in magnetic concentrates, supporting a low-energy processing approach [17][22] - The processing method aligns with sustainable development objectives and North America's critical minerals strategy, particularly in light of new regulations under the US Inflation Reduction Act [22][31] District-Scale Potential - The RPM Zone is part of a 30-kilometer ultramafic ophiolite nickel trend, with significant exploration upside across the region [2][5] - Historical drilling and recent discoveries have confirmed the presence of awaruite mineralization across a 26-kilometer strike length within the Atlantic Nickel Project [5][22] - Awaruite's unique properties allow for cleaner processing compared to conventional nickel sources, enhancing North America's domestic critical minerals supply chain [22][25]