# First Atlantic Nickel & Cobalt Corp. (TSXV:FAN)

> First Atlantic Nickel Corp.

## About

First Atlantic Nickel Corp. is a mineral exploration company focused on the discovery and development of awaruite, a rare, naturally occurring nickel-iron-cobalt alloy, at its 100%-owned Pipestone XL Project in Newfoundland. The project spans the 30-kilometer Pipestone Ophiolite Complex, where multiple zones contain awaruite (nickel-cobalt) mineralization along with secondary chromium. Awaruite’s magnetic properties enable processing through magnetic separation, potentially eliminating the need for conventional smelting or high-pressure acid leaching while reducing dependence on foreign-controlled processing infrastructure.

## Key facts

- **Warrants:** 210,000
- **Mineral resource:** Awaruite, a naturally occurring sulfur-free nickel-iron alloy composed of Ni3Fe or Ni2Fe with approximately ~75% nickel content, offers a proven and environmentally safer solution to enhance the resilience and security of North America's domestic critical minerals supply chain. Unlike conventional nickel sources, awaruite can be processed into high-grade concentrates exceeding 60% nickel content through magnetic processing and simple floatation without the need for smelting, roasting, or high-pressure acid leaching. Awaruite's unique properties enable cleaner and safer processing compared to conventional sulfide and laterite nickel sources, which often involve smelting, roasting, or high-pressure acid leaching that can release toxic sulfur dioxide, generate hazardous waste, and lead to acid mine drainage. The development of awaruite resources is crucial, given China's control in the global nickel market. Awaruite is a cleaner source of nickel that reduces dependence on foreign processing controlled by China, leading to a more secure and reliable supply for North America's stainless steel and electric vehicle industries.
- **Projects:** ["RPM Zone - Significant Expansion: Drilling in the RPM Zone has confirmed the presence of disseminated awaruite mineralization across an impressive width of approximately 500 meters, with significant potential for further growth in both width and strike length, as the zone remains open and untested in these directions. Drilling has consistently encountered visible awaruite mineralization in all holes within the RPM Zone, with visible grain sizes typically ranging from 100 to 600 microns and occasionally reaching up to 1,000 microns. Phase 2 drilling will focus on increasing the strike length and width to fully explore the potential size of RPM Zone. A cross-section illustrates the significant potential for awaruite mineralization at the RPM Zone, with serpentinized peridotite ultramafic hosting visible awaruite, generally corresponding with a high magnetic geophysical anomaly.","Drill Hole RPM-DDH003: A substantial 200m step-out hole east of RPM-DDH001, which successfully expanded the nickel-alloy awaruite mineralization to a lateral width of approximately 500 meters within the zone. The hole reached a depth of 378 meters, with visible awaruite mineralization observed throughout the drill core. Notably, large elongated awaruite grains measuring up to 1,000 microns were identified at a depth of 180 meters, while grains ranging from 200 to 600 microns were commonly observed disseminated throughout the hole.","Drill Hole RPM-DDH002: Drilled from the same location as hole 1, but in the opposite direction to the west, aimed to test the western extension of the mineralized zone. This hole extended the zone up to a width of approximately 300 meters, encountering visible awaruite mineralization with grain sizes ranging up to 400 microns. The hole reached a depth of 234 meters downhole before ending in a heavily gouged and faulted zone.","Lucky Mike Copper-Silver-Tungsten Project: The Lucky Mike Property is a large district-scale copper-silver-tungsten project in Southern British Columbia comprising 37 claims totaling approximately 7,675 hectares. The Property is located between Kamloops and Merritt adjacent to major highways, and located approximately 20 km southeast of Highland Valley, Canada's largest copper mine, owned and operated by Teck Resources, which produced more than 127,000 tonnes of copper in 2025. The Property is located approximately 150 km from the United States border."]
- **Leadership:** Adrian Smith (CEO, P.Geo., a qualified person as defined by NI 43-101, with extensive experience in mineral exploration and development.)

_Verified data last updated: 2026-08-14_

## Recent filings

- 2026-07-16 — press_release — [fan_2026-07-16_18-44-06.pdf](https://ai-chat-dev-red.vercel.app/fan/preview/91695?documentId=91695)
- 2026-07-14 — proxy — [fan_2026-07-14_20-08-34.pdf](https://ai-chat-dev-red.vercel.app/fan/preview/91696?documentId=91696)
- 2026-07-14 — other — [fan_2026-07-14_20-08-03.pdf](https://ai-chat-dev-red.vercel.app/fan/preview/91697?documentId=91697)
- 2026-07-14 — press_release — [fan_2026-07-14_14-48-14.pdf](https://ai-chat-dev-red.vercel.app/fan/preview/91698?documentId=91698)
- 2026-06-30 — press_release — [fan_2026-06-30_23-00-10.pdf](https://ai-chat-dev-red.vercel.app/fan/preview/91699?documentId=91699)
- 2026-06-29 — other — [fan_2026-06-29_21-33-10.pdf](https://ai-chat-dev-red.vercel.app/fan/preview/91700?documentId=91700)
- 2026-06-29 — financials — [fan_2026-06-29_21-33-09.pdf](https://ai-chat-dev-red.vercel.app/fan/preview/91701?documentId=91701)
- 2026-06-29 — mda — [fan_2026-06-29_21-30-07.pdf](https://ai-chat-dev-red.vercel.app/fan/preview/91702?documentId=91702)

## Live AI chat

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- Investor website: https://fanickel.com/