Ankündigung • Apr 07
Fathom Nickel Inc., Annual General Meeting, Jun 03, 2026 Fathom Nickel Inc., Annual General Meeting, Jun 03, 2026. Ankündigung • Feb 28
Fathom Nickel Inc. announced that it has received CAD 3.999999 million in funding from Crescat Capital LLC On February 26, 2026, Fathom Nickel Inc closed the transaction. The company issued 24,970,947 non-flow through units at a price of CAD 0.031 per unit for aggregate proceeds of CAD 774,099.357 in its second and final tranche. As consideration for services in connection with the closing of the second tranche of the Upsized Offering, the Company has paid to certain qualified finders a cash commission of CAD 18,986 and 612,440 Finder warrants. Inclusive of the Finders' commissions from the first tranche closing, the total commissions for the Upsized Offering were CAD 62,296 and 3,557,880 Finder Warrants. Each Finder Warrant will entitle the holder thereof to acquire one Common Share at a price of CAD 0.05 per share for a period of 24 months from issuance. Ankündigung • Jan 23
Fathom Nickel Inc. announced that it expects to receive CAD 3 million in funding from Crescat Capital LLC Fathom Nickel Inc. announces a best efforts non-brokered private placement with Crescat Capital LLC to issue charity flow-through units at CAD 0.048 per Charity FT Unit and hard dollar units at CAD 0.031 per HD Unit for gross proceeds of CAD 3,000,000 on January 22, 2026. Crescat Capital LLC (“Crescat”) has agreed to make a strategic investment for up to 20% of the Offering. Each Charity FT Unit shall consist of one charity flow-through Common Share and one transferable Common Share purchase warrant that shall be exercisable into one Common Share for a period of 36 months from issuance at an exercise price of CAD 0.05. Each HD Unit shall consist of one Common Share and one Warrant. The sale of HD Units is expected to close on or about February 11, 2026, or such other date as the Company may determine. The sale of Charity FT Units is expected to close on or about February 18, 2026, or such other date as the Company may determine. The Offering is subject to customary closing conditions, including the approval of the securities regulatory authorities and the Canadian Securities Exchange. Ankündigung • Sep 29
Fathom Nickel Inc., Annual General Meeting, Nov 12, 2025 Fathom Nickel Inc., Annual General Meeting, Nov 12, 2025. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.7m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.45m market cap, or US$4.70m). Ankündigung • Jul 11
Fathom Nickel Inc. Appoints Mr. Alan (Al) Coutts to Board of Directors Fathom Nickel Inc. announced the addition of Mr. Alan (Al) Coutts to Fathom's Board of Directors. Mr. Coutts was the President and CEO of Toronto-based Ring of Fire developer, Noront Resources Limited ("Noront") who orchestrated the sale of Noront (including the Eagle's Nest Ni-Cu+PGE * property) to Wyloo Metals in 2022 at a valuation in excess of CAD 650 million. The Noront-Wyloo transaction was the largest nickel acquisition in the past decade. Mr. Coutts is a professional geologist with more than 35 years of domestic and international mining experience across a range of commodities. In addition to his role at Noront, he has held various senior management positions in the exploration and mining industry, including: Executive General Manager for Australasia with Xstrata Nickel in Perth, Australia, General Manager at Noranda's Brunswick Mine in New Brunswick, Canada, General Superintendent of Falconbridge Limited's Raglan Ni-Cu-Co-Pd-Pt operations in Quebec, Canada, and Regional Exploration Manager at Falconbridge Limited overseeing base metal and gold exploration projects in Northern Ontario and Quebec Abitibi. Since retiring from full-time employment following the Noront-Wyloo transaction, Mr. Coutts has been involved in consulting assignments in the critical minerals sector. Mr. Coutts holds a B. Sc. (First Class Honours in Geology) from the University of Alberta and holds a Professional Geoscientist (P.Geo.) designation in the Province of Ontario. Ankündigung • May 28
Fathom Nickel Inc. announced that it has received CAD 1.5 million in funding from Crescat Portfolio Management LLC and another investor On May 27, 2025, Fathom Nickel Inc. closed the transaction. The company announced that it has issued 14,097,500 Units at an issue price of CAD 0.03 per unit for gross proceeds of CAD 422,950 in second and final tranche. Each Unit under the Offering consists of one Common Share and one transferable Common Share purchase warrant. Each full Warrant shall be exercisable into one Common Share for a period of 36 months from issuance at an exercise price of CAD 0.05. As consideration for services in connection with the Offering, the Company has paid to certain qualified entities (“Finders”) total cash commissions of CAD 17,990 and issued 779,842 broker warrants (“Broker Warrants”). Each Broker Warrant will entitle the holder thereof to acquire one Common Share at a price of CAD 0.05 for a period of 36 months from issuance. Crescat Capital LLC (“Crescat”) participated in the Offering with a strategic investment representing 33% of the total Units issued in the Offering and Doug Porter, participated for a combined 6.9%, or CAD 103,425 of the Offering. This brings Crescat’s ownership position in Fathom to approximately 17.1% of the Common Shares currently outstanding, on a non-diluted basis. New Risk • May 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.54m market cap, or US$4.68m). New Risk • May 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.48m market cap, or US$5.43m). New Risk • Nov 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.93m market cap, or US$3.52m). Minor Risk Shareholders have been diluted in the past year (37% increase in shares outstanding). Ankündigung • Nov 05
Fathom Nickel Inc. announced that it expects to receive CAD 0.75 million in funding Fathom Nickel Inc. announced a non brokered private placement to issue 25,000,000 units at an issue price of CAD 0.03 per unit for the gross proceeds of CAD 750,000 on November 4, 2024. Each unit comprises one common share and one-half of a transferable common share purchase warrant, with one whole warrant entitling the holder to acquire one common share for a period of 36 months from issuance at an exercise price of CAD 0.07. It is expected that the company will pay agents and/or finders an as yet to be determined cash commission based on the gross proceeds of the offering. In addition, it is expected that broker warrants to purchase an as yet to be determined number of common shares sold pursuant to the offering will be issued to agents and/or finders. The offering is expected to close on or about November 14, 2024, or such other date as the company may determine. The offering is subject to customary closing conditions, including the approval of the securities regulatory authorities and the Canadian Securities Exchange. Ankündigung • Jun 27
Fathom Nickel Inc. (CNSX:FNI) acquired Friesen Lake property in canada. Fathom Nickel Inc. (CNSX:FNI) acquired Friesen Lake property in canada on June 26, 2024. The Friesen Lake property encompasses three mineral dispositions acquisition by staking directly through the Government of Saskatchewan’s MARS portal.Fathom Nickel Inc. (CNSX:FNI) completed the acquisition of Friesen Lake property in canada on June 26, 2024. Ankündigung • Jun 20
Fathom Nickel Inc., Annual General Meeting, Aug 12, 2024 Fathom Nickel Inc., Annual General Meeting, Aug 12, 2024. New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$6.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.1m free cash flow). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.56m market cap, or US$5.52m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). New Risk • Apr 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.8m (US$9.49m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.8m market cap, or US$9.49m). Ankündigung • Feb 21
Fathom Nickel Inc. announced that it has received CAD 4.571063 million in funding On February 20, 2024, Fathom Nickel Inc., closed the transaction. The company issued 10,808,974 non-flow through units at a price per non flow through unit of CAD 0.11 for gross proceeds of CAD 1,188,987 in its second and final tranche closing. As a part of the transaction, the company paid a cash commission of CAD 51,791 and issued 661,342 broker warrants. Ankündigung • Feb 09
Fathom Nickel Inc. Commences Diamond Drilling Activity on Their 100% Owned Albert Lake Property Eagle Royalties Ltd. has been informed that Fathom Nickel Inc. has recently commenced diamond drilling activity on their 100% owned Albert Lake property. According to a news release issued by Fathom on January 16th, 2024, Fathom intends to complete ~2,000m of drilling in 6-7 holes, with the majority of the target area located on mineral dispositions subject to a 2% net smelter royalty held by Eagle Royalties. The Royalty may be reduced to 1% upon payment to Eagle Royalties of CDN $1,000,000. The current drill program will focus on the Tremblay-Olson Claims area, approximately two km southwest of the historic Rottenstone Mine, where Fathom has identified a very robust time domain electromagnetic (TDEM) conductor occurring on the eastern flank of a multi-element-in-soil anomaly. New Risk • Feb 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$20.7m market cap, or US$15.4m). Ankündigung • Jan 18
Fathom Announces Commencement of Exploration At Albert Lake Project Fathom Nickel Inc. announced that the winter exploration program at the Company's 100% owned Albert Lake Project will commence during the last week of January. The geophysics team and drill contractor are expected to arrive at the Albert Lake property on or about January 29th. Drilling is expected to commence during the first week of February. Drilling will focus on the Tremblay-Olson Claims area, approximately two km southwest of the historic Rottenstone Mine, where the Company has identified a very robust time domain electromagnetic (TDEM) conductor (see Press Release August 14, 2023) occurring on the eastern flank of a very robust multi-element-in-soil anomaly (see Press Release January 17, 2023). The 4-week drill program is anticipated to include between five and seven drillholes for a total of 2,000-2,500 meters. New Risk • Jan 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (CA$18.1m market cap, or US$13.6m). Ankündigung • Dec 05
Fathom Nickel Inc. announced that it expects to receive CAD 4.5 million in funding Fathom Nickel Inc. announced a non-brokered private placement of charity flow-through units at a price of CAD 0.17 per unit, flow-through units at a price of CAD 0.13 per unit and hard dollar units at CAD 0.11 per unit for the gross proceeds of CAD 4,500,000 on December 4, 2023. Each FT unit shall consist of one flow-through common share and one warrant, and each HD unit shall consist of one common share and one warrant. Each charity FT unit shall consist of one charity flow-through common share and one transferable common share purchase warrant that shall be exercisable into one common share for a period of 24 months from issuance at an exercise price of CAD 0.20 per share. It is expected that the Company will pay finders a cash commission, on a yet to be determined percentage, based on the gross proceeds of the offering, the company may issue warrants to finders, subject to the number of HD units, charity FT units, and FT units sold pursuant to the offering. The transaction is expected to close on or about December 18, 2023. The offering is subject to customary closing conditions, including the approval of the securities' regulatory authorities and the Canadian Securities Exchange. New Risk • Nov 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.7m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (86% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.4m market cap, or US$9.78m). Ankündigung • Nov 22
Fathom Nickel Inc. Announces Assay Results from the Seven-Hole and September Drill Program at the Historic Gochager Lake Deposit Within the 22,620 Ha Gochager Lake Project Fathom Nickel Inc. announced assay results from the seven-hole, September drill program completed at the historic Gochager Lake deposit within the Company's 22,620 Ha Gochager Lake Project. Drillholes GL23006, GL23007 and GL23011 reported no significant results. Drillholes GL23006 and GL23007 intersected multiple zones of weak mineralization >0.10% Ni - 0.25% Ni over thicknesses up to 17.89m. The BHEM probe of GL23007 recognizes the strong conductivity off-hole to the east and associated with semi-massive sulphide mineralization intersected in drillholes GL23003, GL23010. It now appears this chute of high-grade Ni mineralization has a north-northeast strike and not a northeast strike as originally anticipated. Drillhole GL23011 drilled ~ 400 meters to northeast of the deposit area was consistently anomalous in nickel (>100ppm and up to 1290ppm Ni). Gabbro, the Gochager Lake deposit host rock, was logged in the drillhole and the BHEM survey has identified 3 off- hole anomalies. GL23009 has significantly extended the historic Gochager Lake deposit to depth and the deposit remains wide open for expansion to depth. The drillhole intersected the zone of conductivity detected off-hole of historic drillhole GL18002 but based on the strength of the modelled conductivity it is not clear if the 3.25m of semi-massive sulphide mineralization (1.35% Ni) is the exact source of this conductivity. Strong off-hole conductivity has been interpreted in front of GL23009 where zones of disseminated mineralization occur between depths of 43m 217m. The high-grade nickel mineralization intersected in GL23010 is contained within two discreet broad zones of disseminated mineralization. The encompassing halos and higher-grade mineralized chutes within, remain open for expansion to surface and to depth. A third mineralized halo in GL23010 was intersected starting at a depth of 260.05m and continuing to 297.67m (0.21% Ni /37.62m). Mineralization within this interval is very consistent and here to, BHEM conductivity was interpreted to be building to the bottom of the drillhole. The Company will spend the remainder of 2023 continuing to interpret the drilling and geophysical datasets accumulated in 2023. The Company's goal is to drill 3,000 to 5,000 meters in first quarter of 2024 at Gochager Lake to further delineate the broad mineralized halos and the more conductive and higher-grade mineralization occurring within these halos. New Risk • Nov 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.7m free cash flow). Earnings have declined by 0.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (86% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (CA$15.5m market cap, or US$11.3m). Ankündigung • Jun 15
Fathom Nickel Inc. (CNSX:FNI) completed the acquisition of Watts Lake Zinc Property of SKRR Exploration Inc. Fathom Nickel Inc. (CNSX:FNI) entered into a definitive agreement to acquire Watts Lake Zinc Property of SKRR Exploration Inc. for CAD 0.33 million on March 21, 2023. Under the terms of the Acquisition Agreement, Fathom will acquire a 100% interest in the Property by making the following cash and share payments to SKRR (i)an initial cash payment of CAD 0.075 million (ii) 2,000,000 common shares in the capital of Fathom and (iii) an additional cash payment of CAD 0.75 million within 60 days of the execution of the Acquisition Agreement. The Acquisition Agreement provides for an underlying 2% net smelter return royalty in favour of Edge Geological Consulting Inc. The common shares to be issued pursuant to the Acquisition Agreement will be subject to a four month hold period from the date of issuance in accordance with applicable securities laws.
Fathom Nickel Inc. (CNSX:FNI) completed the acquisition of Watts Lake Zinc Property of SKRR Exploration Inc. on June 14, 2023. Ankündigung • Feb 08
Fathom Announces Commencement of Quarter 1-2023 Exploration Programs Fathom Nickel Inc. announced the receipt of the Gochager Lake Exploration Permit. Field crews are currently mobilizing to commence the first quarter of 2023 exploration program immediately. Drilling will commence on or about February 10 at Gochager Lake. The Gochager Lake Project is host to disseminated - massive sulphide nickel-copper-cobalt mineralization. For the first time in the history of the project, the Company will employ borehole electromagnetic surveys ("BHEM") in an effort to delineate semi-massive to massive zones of nickel-copper-cobalt mineralization. Nickel-copper-cobalt mineralization was first recognized on the property in the late 1960's. Receipt of exploration permit for the recently acquired Gochager Lake Project. Commencement of First Quarter 2023 exploration program at Gochager Lake and Albert Lake Projects. Drilling to start around February 10, 2023 at Gochager Lake; results expected by mid April. Historic Drillhole at Gochager had a 294-meter intercept that returned 0.58% Ni, 0.11% Cu starting immediately below surface; within this interval was a 9.70-meter section that assayed 2.37% Ni, 0.35% Cu and 0.14% Co. Gravity survey initiated at the Tremblay Olson Claims area (Albert Lake) with drilling to start around 4th week of February. The Company intends to drill a hole in close proximity to historic drillhole I-12 primarily for the purpose of providing a BHEM platform to test for continuation and orientation of semi-massive to massive nickel- copper-cobalt lenses. These lenses are expected to be contained within the broader disseminated mineralization that defines the historic Gochager Lake deposit. In addition, and for the first time in the property's history, the drillhole will be systematically sampled for cobalt. Previous operators only sporadically sampled for cobalt. As a result, the amount of cobalt associated with the known nickel- copper mineralization in not well understood. A second drillhole will be drilled for the purpose of better defining lithology and mineralization controls. This drillhole will be drilled approximately 25 meters along strike of the I-12 location and the dip and azimuth will be designed to be perpendicular to the interpreted trend of the Gochager Lake deposit. This drillhole will also be probed by the BHEM tool. The Company is also optimistic that the two drillholes drilled in 2018 will also provide platforms for additional BHEM surveys. Drillhole results from the program will be released once received and interpreted by the Company. Pending actual timing for the receipt of assays from lab, anticipate releasing the results in late March - early April. Exploration at Albert Lake has also commenced. A crew was mobilized to site over the weekend of February 3-5 to initiate gravity survey coverage over the Tremblay-Olson Claims area. Fathom conducted a gravity survey in 2021 in the historic Rottenstone Mine area and this survey proved instrumental in defining the structural corridor that is host to The Bay Island Trend. The gravity survey will tie into the existing gravity stations and is expected to take up to 10 days to complete. Results of this survey will be utilized, along with other geophysical models the Company has been developing, to target drill locations within the Tremblay-Olson Claims area. The Company anticipates issuing details on the planned Albert Lake program prior to commencement of drilling which is expected to begin in the 4th week of February. Ankündigung • Nov 30
Fathom Nickel Inc. announced that it expects to receive CAD 1.65 million in funding Fathom Nickel Inc.. announced a non-brokered private placement of up to 27,500,000? flow-through common shares at a price of CAD 0.06 per flow-through common share for gross proceeds of up to CAD 1,650,000 on November 29, 2022. The company will pay agents and/or finders a cash commission that is yet to be determined based on the gross proceeds of the offering. In addition, it is expected that broker warrants to purchase common shares of the company will be issued to agents and/or finders, subject to the number of FT shares sold pursuant to the offering. The transaction is subject to receipt of all required regulatory and TSX Venture Exchange approvals. The transaction is expected to close on or around December 21, 2022. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Eugene Chen is the most experienced director on the board, commencing their role in 2018. Independent Director John Morgan was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Ankündigung • Nov 01
Fathom Nickel Inc. Announces the Completion of Soil Geochemistry, Mapping and Prospecting Programs at the Tremblay-Olson Area Within the Company's Albert Lake Property Fathom Nickel Inc. announced the completion of soil geochemistry, mapping and prospecting programs at the Tremblay-Olson area within the Company's Albert Lake Property (the "Fall Program"). The Tremblay-Olson claims, which are on-trend to the south-southwest of the historic Rottenstone Mine, have been essentially locked within the Saskatchewan Mineral Disposition system since 1987. Fathom recently acquired 100% of the Tremblay-Olson Showing claimsta. The Fall Program is the first exploration performed within this area since 1987. The Tremblay-Olson Showing refers to an ultramafic hosted Ni-Cu+PGE showing 2.4 km southwest of the historic Rottenstone Mine: · At Tremblay-Olson, historic trenches exposed a lens of mineralized pyroxenite containing up to 40% sulphides. Historic grab samples assayed up to 3.11% Ni, 0.91% Cu, 1.01 g/t Pd and 0.46 g/t Pt (Saskatchewan Mineral Deposit Index (SMDI) #0959). The NIC-5 is immediately on-trend with and 1.4km southwest of the Rottenstone Mine: · The NIC-5 is referenced by a historic drillhole (60-11) which intersected mineralized pyroxenite over 2.1m (nickel, copper). However, assays of this intersection are not available within the Saskatchewan Mineral Assessment Database nor the Saskatchewan Mineral Deposit Index. · Also, within the NIC-5 area, two drillholes (Placer Dome, 1987) intersected anomalous Ni-Cu+Pd- Pt mineralization (up to 630 ppm Ni, 1320 ppm Cu, 115 ppb Pd and 90 ppb Pt) over widths up to 27m within what was logged as mineralized metapelite. The Company interpret this style of mineralization as possibly originating and remobilizing from a nearby ultramafic source. The Fall Program consisted of the following: · Mapping and prospecting focused at the Tremblay-Olson and NIC-5 areas. Seventeen (17) rock samples were collected and have been submitted for assay; · Soil traverse lines were designed across stratigraphy resulting in 977 B-horizon soil samples collected; All samples will be assayed using a standard aqua regia digestion. Of the 977 samples collected, 128 samples will also be analyzed using a total digestion method and 123 samples will also be analyzed using an ionic leach method. Fathom recognizes key pathfinder elements associated with potential buried ultramafic bodies. To further delineate and highlight these pathfinder elements, the Company has chosen some additional methodologies for comparison purpose. Favourable stratigraphy refers to areas where the same rock types that host the historic Rottenstone deposit and the new mineralized zone, the Bay-Island Trend, are recognized. The Company also now recognizes Ni in-soil anomalies occur immediately north and south of the historic Rottenstone deposit and also immediately associated with the Bay-Island Trend. The Company anticipates soil and rock geochemistry results by mid-November. The Company is also pleased to announce that the company are in receipt of an Exploration Permit for the Tremblay-Olson claims which will also allow to drill anticipated targets in Q1-2023. Fathom will press release results of the Fall Program along with a discussion on its ongoing interpretation and drill target generation exercise once all results have been received and analyzed. Ankündigung • Sep 29
Fathom Nickel Inc. Presents Assay Results from the Recently Completed 1,773 Meter Summer Exploration Program Fathom Nickel Inc. present the assay results from the recently completed 1,773 meter summer exploration program together with an update on the overall exploration strategy at Albert Lake Project, with highlights as follows: Summer drill program successfully extended nickel mineralization an additional 150 meters to the south, thus confirming continuous nickel mineralization throughout the 300+ meter Bay-Island Trend. The Bay-Island: Trend is a new mineralized zone that remains open along and across strike. It is now evident the Bay-Island Trend represents a second mineralized zone originating from the same magmatic "plumbing" system that yielded historic Rottenstone. The Company recognizes a distinct geochemical, geophysical signature and geologic setting controlling the Bay-Island Trend and historic Rottenstone deposit. The Company is developing a pipeline of similar exploration targets plan to drill in the first quarter of 2023. Drill programs in 2021 and 2022 resulted in the discovery of a new mineralized zone, the Bay-Island Trend located 400 - 500m meters west, northwest of the historic Rottenstone deposit. The Bay-Island Trend is analogous to the historic Rottenstone deposit in style of mineralization, in rock association, geologic setting and magmatic sulphide mineralogy. The Summer Drill Program 2022 amounted to 15 drillholes for a total of 1,773 meters. The Bay-Island mineralized zone now measures in excess of 300 meters, has a shallow plunge to the north, and remains open along strike north and south. To date, mineralization has been defined at approximately 60 meters below surface (south end) and approximately 130 meters below surface at the north end. Insufficient drill pierce points across the width of the mineralized zone currently exist to determine the true width of this new discovery. Summer 2022 drillholes had continuous mineralized intervals up to 18.0 meters in thickness. Within the Bay-Island Trend, zones of higher-grade mineralization do occur. Net-texture sulphide over intervals up to 3.5-meters in drillhole AL22052 assayed >1.0% Ni. Massive sulphide intervals assayed up to >2.0% Ni (AL22051) and remobilized mineralization within pegmatite contains intervals that assayed up to >3.0 g/t 3PE1. With respect to nickel equivalent (NiEq), several drillholes within the Bay-Island Trend intersected mineralized intervals >1.00% NiEq2 indicative of and suggestive of the potential for higher grade pockets within this extensive mineralized zone. The Bay-Island Trend has a definitive electromagnetic (EM) signature and the discovery of this new mineralized zone was the result of diligent borehole electromagnetic (BHEM) surveying of every drillhole drilled within this mineralized and conductive zone. Within the Bay-Island Trend, several very strong off-hole BHEM anomalies remain untested by follow-up drilling. The Bay-Island Trend is associated with a positive MAG signal; a signal that continues along strike to the north for an additional 500 meters. Following the Summer Drill Program and continuing interpretation of results, it is now clear that the Rottenstone deposit and the Bay-Island Trend mineralized zone are confined to fold hinges within a much broader fold structure and within an area of favourable stratigraphy now recognized over a strike in excess of 5 kilometers. Within this area also occurs the historic mineralized ultramafic occurrences at Tremblay- Olson. At the Tremblay-Olson showing, historic trenching of a mineralized ultramafic returned assays up to 3.11% Ni. The Bay-Island Trend, the Tremblay-Olson occurrences and the historic Rottenstone deposit are associated with a distinct positive MAG signal. This MAG signal is weak immediately north of the historic deposit but intensifies 400 meters further north and eventually forms a hinge before it continues south towards the Bay-Island Trend. A southern hinge is defined by MAG and appears to be associated with the area of historic trenching at Tremblay-Olson. The Company also recognizes a positive soil geochemistry signal associated with the Bay-Island Trend, and north and south of the Rottenstone deposit. Limited soil geochemistry on the Tremblay-Olson area in 1987 highlight the two known mineralized occurrences. Fathom plans to map and prospect and complete soil geochemistry on the newly acquired Tremblay-Olson ground prior to the onset of winter. The Fathom exploration team is currently building a comprehensive 3D model incorporating all the areas discussed above. The goal of this exercise is to incorporate all available data sets to define similar geologic settings as the historic Rottenstone deposit and new discovery the Bay-Island Trend. Ankündigung • Sep 17
Fathom Nickel Inc., Annual General Meeting, Nov 16, 2022 Fathom Nickel Inc., Annual General Meeting, Nov 16, 2022. Board Change • Sep 07
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Eugene Chen is the most experienced director on the board, commencing their role in 2018. Independent Director John Morgan was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Ankündigung • Jul 08
Fathom Nickel Inc. (CNSX:FNI) acquired Tremblay–Olson Showing Claims in Albert Lake from Eagle Plains Resources Ltd. (TSXV:EPL). Fathom Nickel Inc. (CNSX:FNI) acquired Tremblay–Olson Showing Claims in Albert Lake from Eagle Plains Resources Ltd. (TSXV:EPL) effective July 6, 2022. The claims were acquired in exchange for a 2% Net Smelter Return royalty. Fathom has the right to purchase back 1.0% of the NSR for a one-time cash payment of CAD 1 million. 