First Atlantic closes $1.3M financing to advance Newfoundland nickel projects

First Atlantic Nickel (TSXV: FAN; US-OTCQB: FANCF) launched an aggressive new exploration phase at its Newfoundland properties after securing $1.3 million in fresh funding. The company will immediately deploy this capital to expand its search for critical minerals along the 30 km Pipestone XL nickel-cobalt alloy project.

With the financing complete, First Atlantic plans to advance large-scale district drilling across the project's massive strike length. The upcoming work program focuses on expanding the known mineralization at the RPM zone while simultaneously testing several newly identified drill targets along the 30km corridor. The Company also intends to increase the scope and scale of its metallurgical recovery program to refine the methods used for extracting nickel without traditional smelting.

In addition to the flagship Pipestone XL site, the program will fund development at the company’s Ophiolite X project to further solidify First Atlantic’s footprint in Newfoundland’s critical mineral sector. The exploration targets awaruite, a rare, naturally occurring magnetic nickel-iron-cobalt alloy.

Because this alloy contains no sulfur, it eliminates the risk of acid mine drainage and allows for processing via magnetic separation. This method avoids the high environmental impact of smelting or high-pressure acid leaching and positions the project as a potential source of clean nickel for the stainless steel and electric vehicle markets.

More information is posted at www.Fanickel.com