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Fathom Welcomes Former Noront Resources President and CEO, Alan Coutts to the Company's Board of Directors
Newsfile· 2025-07-08 11:45
Company Overview - Fathom Nickel Inc. has appointed Alan Coutts, former President and CEO of Noront Resources, to its Board of Directors, enhancing its leadership team with significant industry experience [1][4] - Coutts orchestrated the sale of Noront Resources to Wyloo Metals in 2022, a transaction valued at over C$650 million, marking it as the largest nickel acquisition in the past decade [1][2] Leadership Experience - Alan Coutts brings over 35 years of mining experience, having held senior management roles in various companies, including Xstrata Nickel and Noranda [2] - His expertise includes navigating complex permitting, financing, and exploration challenges, which will be beneficial for Fathom's projects [4] Project Portfolio - Fathom Nickel is focused on magmatic nickel sulphide discoveries to support the green energy transition and secure North American critical minerals [6] - The company has three high-quality exploration projects in Saskatchewan: 1. Albert Lake Project, over 90,000 hectares, previously hosted the Rottenstone Mine, which produced 28,724 tons at 3.3% Ni [8] 2. Gochager Lake Project, over 34,000 hectares, with a historic resource of 4.3 million tons at 0.295% Ni [8][11] 3. Friesen Lake Project, over 10,000 hectares, located near the historic Rottenstone Mine [8] Strategic Vision - Coutts sees potential in Fathom's properties, identifying them as hallmarks of an emerging nickel district, with favorable mining jurisdiction and identified nickel showings [4]
Noble Reports on Canada Nickel's Continued Exploration Success at MacDiarmid, Provides Exploration Update
Thenewswire· 2025-07-08 11:30
Core Insights - Noble Mineral Exploration Inc. announced additional drilling results from the MacDiarmid Project, operated by Canada Nickel Company Inc. in Northern Ontario [1][2] - Canada Nickel's drilling program has identified further mineralization over a strike length of approximately 2,200 metres and a width of about 400 metres, building on previous work from 2021 [2][3] - Noble retains NSR rights, including a 2% NSR on claims acquired by Canada Nickel, subject to a 50% buyback for $5 million [2] Company Overview - Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in Canada Nickel Company Inc. and other nickel and gold exploration properties [13][14] - The company holds mineral and exploration rights in approximately 70,000 hectares in Northern Ontario and additional properties in Quebec and Newfoundland [14][15] - Noble's shares trade on the TSX Venture Exchange under the symbol "NOB" [17] Industry Context - Canada Nickel is advancing nickel-sulphide projects to meet the growing demand for nickel in electric vehicles and stainless steel markets [12] - The Timmins Nickel District is highlighted for its strong potential, with Canada Nickel planning to publish multiple resource estimates by year-end [3][12] - The MacDiarmid property is strategically located near other significant nickel projects, enhancing its exploration potential [4]
X @Bloomberg
Bloomberg· 2025-07-08 01:48
China’s Zhejiang Huayou Cobalt expects to report record half-year earnings, as it ramps up nickel projects in Indonesia https://t.co/ElLyNTfXdv ...
First Atlantic Nickel Reports 366 Meters of 1.46% Nickel in Magnetic Concentrate From Third RPM Zone Step-Out Drill Hole, Opening Eastern Expansion Discovery Potential
Globenewswire· 2025-06-24 13:00
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]
Noble Mineral highlights Mann West Nickel Sulphide Initial Resource as announced by Canada Nickel
Thenewswire· 2025-06-11 14:15
Core Insights - Noble Mineral Exploration Inc. announced the initial mineral resource estimate for the Mann West Nickel Sulphide Project, a joint venture with Canada Nickel Company, located in the Timmins area of Northern Ontario [1][2][4] Company Overview - Noble holds a 20% interest in East Timmins Nickel Ltd., which owns the Mann West project, while Canada Nickel holds the remaining 80% [2][3] - Noble Mineral Exploration has extensive mineral rights in Northern Ontario and other regions, focusing on nickel, cobalt, and base metals [29][30] Project Details - The Mann West project is located 21 kilometers east of Canada Nickel's Crawford Nickel Sulphide Project and has a geophysical target area of 3.4 square kilometers, more than double that of Crawford [3][4] - The initial mineral resource estimate includes 406 million tonnes of indicated resources grading 0.23% nickel and 599 million tonnes of inferred resources grading 0.22% nickel, totaling 0.95 million tonnes and 1.31 million tonnes of contained nickel, respectively [5][8] - An exploration target of an additional 0.5 to 1.0 billion tonnes grading between 0.20% and 0.22% nickel is anticipated, pending further drilling [5][8] Resource Estimates - The Mann West project has a significant PGM zone with indicated resources of 7.0 million tonnes grading 0.422 g/t palladium and platinum, and inferred resources of 7.7 million tonnes grading 0.411 g/t [5][8] - The resource dimensions are approximately 1.9 kilometers long, 800 meters wide, and extend to 500 meters deep, remaining open to the northwest and at depth [5][8] Future Plans - Canada Nickel plans to announce additional mineral resources, with expectations for eight new resources by the end of 2025, including two more this month [4][8] - Noble aims to increase and upgrade inferred resources through ongoing drilling campaigns and mineralogical analysis [28]
Fathom Nickel Expands the Gochager Lake Property and Announces Delay of Summer Field Exploration
Newsfile· 2025-06-11 11:45
Core Viewpoint - Fathom Nickel Inc. has expanded the Gochager Lake Property by adding 10,519.43 hectares, bringing the total area to 34,409.34 hectares, while the planned summer field exploration has been delayed due to wildfires in Saskatchewan [2][4]. Company Update - Fathom Nickel is hosting a live update webinar for shareholders and stakeholders on June 11, 2025 [2]. - The company has expanded the Gochager Lake Property through direct staking with the Government of Saskatchewan [2]. Property Expansion Details - The expansion includes three contiguous mineral dispositions totaling 10,519.43 hectares [4]. - The Gochager Lake Property now consists of 39 contiguous mineral claims [4]. - The new staking covers known nickel-copper occurrences and gold occurrences, as well as potential extensions of the Borys Lake VMS-style trend [4]. Exploration Plans - The planned field exploration at Gochager Lake has been postponed due to wildfire conditions in the La Ronge area [4]. - Fathom intends to commence the field exploration later in the summer when conditions allow [4]. Geological Insights - The Gochager Lake Property hosts the historic Gochager Lake deposit, with a re-interpretation of a 2008 VTEM™ survey identifying a prospective structural corridor known as the "Gochager Trend" [5]. - The 2008 VTEM™ survey highlights complex conductors along the Gochager Trend [5]. - Fathom's analyses confirm that the mineralization at Mal Lake is analogous to the Gochager Lake deposit [5]. CEO Statement - The CEO of Fathom Nickel emphasized the potential of the Gochager Lake Property, highlighting not only nickel-copper-cobalt but also the importance of gold opportunities in Saskatchewan [6]. - The recent property expansion was motivated by an evolving understanding of the area and the potential for additional magmatic nickel sulphide deposits [6]. Additional Geological Data - The newly staked claims report multiple occurrences of anomalous Ni-Cu-Zn in bedrock and gold up to 2.68 g/t Au associated with shear-hosted quartz veins [7].
Canada Nickel Announces the Government of Ontario Recognition of Crawford as a Critical Minerals Priority and Nation-Building Project
Prnewswire· 2025-06-09 10:45
Group 1 - The Government of Ontario has recognized the Crawford Nickel Sulphide Project as a priority initiative for nation building, highlighting its strategic importance for critical minerals development [1][2][3] - The Crawford Project is one of five strategic critical minerals projects identified for near-term development, supported by additional provincial funding including a $500 million Critical Minerals Processing Fund and nearly $3.1 billion in loans and grants [2] - Canada Nickel Company aims to advance the Crawford Project as a secure domestic supply of critical minerals, including nickel, cobalt, and chromium, while fostering strong Indigenous partnerships and contributing to Canada's clean energy goals [3] Group 2 - The Crawford Project is located near Timmins, benefiting from direct access to essential infrastructure and established partnerships with Indigenous Nations [3] - Canada Nickel is focused on developing innovative carbon capture technology and aims for the Crawford Project to become one of Canada's largest carbon storage facilities, aligning with environmental and economic objectives [3] - The company is advancing nickel-sulphide projects to meet the growing demand in electric vehicle and stainless-steel markets, with a focus on producing net zero carbon nickel, cobalt, and iron products [4]
Lifezone Metals (LZM) Earnings Call Presentation
2025-06-04 07:13
Project Overview - Kabanga Nickel Project的首次经济研究发布,该项目有近50年的历史[25] - 该项目包括在Kabanga的地下矿山和选矿厂,以及在Kahama的湿法冶金精炼厂[25] - 矿山计划为22年,基于测量、指示和推断的资源[29] - 选矿厂的镍平均回收率为87.3%,铜为95.7%,钴为89.6%[37, 39] - 湿法冶金精炼厂的镍回收率为97.2%,铜为93.0%,钴为97.7%[42] Production and Infrastructure - 矿山年处理量为340万吨[34, 39] - 生产的精矿平均镍品位为17.3%[38, 39] - 计划年产5万吨镍(以硫酸镍六水合物形式),7千吨铜阴极(LME A级,99.99%),4千吨钴(以硫酸钴七水合物形式)[44] - 通过新的标准轨距铁路(SGR)从Isaka到Dar es Salaam运输精矿和最终产品[46, 53] Economics and Future Plans - 项目总收入预计为236.8亿美元[77] - 税后自由现金流为80.3亿美元[77] - 税后净现值(8%)为23.7亿美元[77] - 预计在2025年7月完成可行性研究[25, 81] - 确定了四个高优先级的勘探目标,估计总量为1750万吨至2350万吨,镍当量品位为1.9%至2.1%[25, 62, 64]
Supporting Nickel Downstream Industry in Indonesia, Danantara Indonesia and INA Announce Strategic Partnership with Eramet
Globenewswire· 2025-05-28 08:45
Press Release Supporting Nickel Downstream Industry in Indonesia, Danantara Indonesia and INA Announce Strategic Partnership with Eramet Jakarta, 28 May 2025 – The Indonesia Investment Management Agency, Danantara Indonesia, and the Indonesia Investment Authority (INA) announced the signing of a Memorandum of Understanding (MoU) with French mining company Eramet to explore the establishment of a strategic investment platform in the nickel sector, spanning upstream to downstream operations. The signing was w ...
Class 1 Nickel Files Updated NI 43-101 Mineral Resource Estimate for Dundonald North, Alexo-Dundonald Nickel Sulphide Project
Globenewswire· 2025-05-13 14:24
Core Viewpoint - Class 1 Nickel and Technologies Ltd. has filed an independent NI 43-101 Technical Report for its Alexo-Dundonald Nickel Project, which includes an updated Mineral Resource Estimate for the Dundonald North Deposit, enhancing the company's resource base and positioning in the nickel market [1][2][3]. Group 1: Technical Report and Resource Estimate - The Technical Report, effective from March 27, 2025, was prepared by Qualified Persons from Aticus Geoscience Consulting Ltd. and Caracle Creek Chile SpA [2]. - The updated Mineral Resource Estimate for the Dundonald North Deposit indicates an inferred resource of 2,500,000 tonnes with a nickel grade of 0.75% and a nickel equivalent grade of 0.80% [5][6]. - The report replaces a previous NI 43-101 technical report from October 2024, reflecting advancements in resource estimation [3][6]. Group 2: Company Strategy and Future Plans - The company aims to expand known mineralization and resources at its four existing nickel sulphide deposits within the Alexo-Dundonald Nickel Sulphide Project [23]. - An exploration program is planned to investigate underexplored areas of the project, guided by recent airborne geophysics and historical drilling [24]. - The company is pursuing a dual strategy to develop both high-grade nickel sulphide resources and large tonnage, low-grade komatiite-hosted deposits [25][26]. Group 3: Project Overview - The Alexo-Dundonald Nickel Sulphide Project covers approximately 3,093 hectares and includes four nickel deposits, with historical production from the Alexo North and South deposits [29]. - The project is located in a folded komatiite-ultramafic rock sequence that has not been systematically explored, indicating potential for resource expansion [29]. - The company plans to commence a Preliminary Economic Assessment (PEA) study to evaluate the best path forward for the project [33].