VANCOUVER, BC, July 17, 2024 /PRNewswire/ – First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Company”) is happy to announce that it has gained drilling allows, which enhance our present exploration allows, for its totally funded 2024 paintings and drilling program on the 100% owned Atlantic Nickel Undertaking in central Newfoundland, Canada (the “Project” or the “Atlantic Nickel Project”). The Corporate has initiated the mobilization of weighty apparatus to improve present highway infrastructure, which can allow a bigger portion of the price range to be directed in opposition to drilling high-priority zones and maximizing the full drilling photos. The 2024 exploration program recently underway is about to spot and check essentially the most promising awaruite nickel zones alongside the established 30 km nickel pattern.

Highlights: 

• Drill allows granted for 26 websites masking more than one awaruite nickel zones inside of a 30 km pattern.
• 5,000 meter multi-zone drill program deliberate to start this summer season.
• Highway upgrades will beef up get right of entry to, release challenge prices and maximize drilling on key goal grounds.
• International nickel skilled and awaruite specialist, Dr. Ron Britten, to support exploration and construction.
• 21,850 hectare land place covers all of the 30 km pattern of the Pipestone Ophiolite Advanced with distinctive awaruite nickel.
• Awaruites’ (nickel-iron alloy) distinctive houses allow more practical, environmentally safeguard processing with out smelting, requiring much less power and chemical substances past generating high-grade nickel concentrates inside of North The us.

“With drilling permits in place and the exploration capital secured, we can focus on our objective to prove the potential for a district scale awaruite nickel project”, stated Adrian Smith, CEO of First Atlantic. “Awaruite is a unique, naturally occurring nickel-iron alloy that offers significant advantages over traditional nickel sources. Its sulfur-free composition allows for processing without smelting, reducing our reliance on foreign countries that control smelting operations. By utilizing simple magnetic separation and flotation technologies, we can produce a high-grade nickel concentrate right here in North America, using fewer chemicals and less energy than conventional methods. This approach not only makes awaruite processing more environmentally friendly but also positions us to supply critical minerals to North American EV and stainless steel sectors, strengthening our domestic supply chains. At First Atlantic, we’re excited about the potential of awaruite to revolutionize nickel production, offering a cleaner, more sustainable path forward for the industry.”

The 2024 exploration program will prioritize more than one zones inside the 30 km nickel-bearing pattern that show off the most powerful awaruite nickel occurrences. The main goal grounds surround Atlantic Pond, Gulp Puddle (together with Obese Gulp), Pipestone, and Chrome Puddle (see Determine 1). Strategically situated in central Newfoundland, the Atlantic Nickel Undertaking advantages from highway get right of entry to and within reach hydroelectric energy, presenting the potential of a vital large-scale nickel discovery inside of this district-scale challenge. Right through the challenge section, awaruite, a extremely magnetic nickel-iron alloy, has been constantly recognized in rocks, tills and drill core samples.

Dr. Ron Britten, a world-renowned nickel skilled, is advising the Corporate on exploration and drill concentrated on for the 2024 exploration program of the Atlantic Nickel Undertaking. Dr. Britten came upon and complex the Decar Undertaking in British Columbia, which is North The us’s first large-scale awaruite nickel challenge at the west coast, containing over 10 billion kilos of nickel¹. The Decar Undertaking attracted strategic companions corresponding to Toyota, Outokumpu, Sumitomo Mining, and JOGMEC. Dr. Britten’s experience might be helpful in advancing the Atlantic Nickel Undertaking.

First Atlantic Nickel Finished Vital Milestones to week in 2024

• Fix 30 km ultramafic nickel pattern inside of Pipestone Ophiolite Belt via more than one detail word of honour.
• Compiled in depth historical knowledge together with 4,581 samples, 23 drill holes, 115,859 assay effects, confirming 30 km nickel belt targeted on Undertaking.
• Commenced garden paintings, mapping and sampling to enlarge and validate historical knowledge.
• Raised $2,084,999.91 at $0.21 issuance worth in keeping with proportion, with strategic investor obtaining 9.98% stake, totally investment deliberate paintings.
• Appointed world-renowned nickel skilled and awaruite specialist Dr. Ron Britten, to advisory board for exploration and construction steering.

The Corporate is now poised to rapid observe extensive exploration and construction with allows in hand. The Corporate seems ahead to offering supplementary updates as paintings progresses.

Traders are invited to enroll in the authentic FAN (First Atlantic Nickel) listing discovered at www.fanickel.com and to practice First Atlantic Nickel on refer to social media.

https://twitter.com/FirstAtlanticNi
https://www.facebook.com/firstatlanticnickel
https://www.linkedin.com/company/firstatlanticnickel/ 

Disclosure

The Corporate has no longer independently verified the historical samples reported on this information let fall however has gained knowledge from the former detail house owners and from the Executive of Newfoundland and Labrador’s on-line database.

Adrian Smith, P.Geo., is a certified individual as outlined by means of NI 43-101. The certified individual is a member in just right status of the Skilled Engineers and Geoscientists Newfoundland and Labrador (PEGNL) and is a registered skilled geoscientist (P.Geo.). Mr. Smith has reviewed and licensed the technical knowledge disclosed herein.

About First Atlantic Nickel Corp.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is a Canadian mineral exploration corporate that owns 100% of the Atlantic Nickel Undertaking, a broad scale important nickel awaruite challenge in Newfoundland and Labrador, Canada. Via getting rid of the will for smelting, nickel within the method of awaruite reduces dependence on overseas entities of shock for each provide and processing, thereby nutritious provide chain safety. In 2022², the United States Executive designated nickel as a important mineral, highlighting its worth to the folk’s financial system and safety.

The Atlantic Nickel Undertaking is a unique asset because of its distinctive mixture of dimension, location, proximity to infrastructure, and the presence of awaruite. Via growing this home awaruite nickel challenge, First Atlantic targets to beef up provide chain safety for the chrome steel and electrical automobile industries within the USA, Canada, and Europe. The Corporate’s strategic location and concentrate on awaruite nickel place it to play games a key function in assembly the rising call for for responsibly sourced nickel in those sectors.

The Corporate is dedicated to accountable exploration, environmental stewardship, and dealing carefully with native communities to manufacture sustainable financial alternatives. With its skilled group and the challenge’s important attainable, the Corporate is well-positioned to give a contribution to the year of the nickel business and the worldwide transition to a cleaner, extra store power year.

Neither the TSX Challenge Alternate nor its Legislation Products and services Supplier (as that time period is outlined in insurance policies of the TSX Challenge Alternate) accepts accountability for the adequacy or accuracy of this let fall.

Ahead-looking statements:

This information let fall would possibly come with “forward-looking information” below acceptable Canadian securities regulation. Such forward-looking knowledge displays control’s stream ideals and are in keeping with a variety of estimates and/or guesses made by means of and data recently to be had to the Corporate that, past regarded as affordable, are matter to identified and unknown dangers, uncertainties, and alternative components that can reason the unedited effects and year occasions to range materially from the ones expressed or implied by means of such forward-looking knowledge. Ahead shopping knowledge on this information let fall contains, however isn’t restricted to, expectancies in regards to the timing, scope, and effects from the 2024 paintings and drilling program; year challenge tendencies;  the Corporate’s goals, objectives or year plans, statements, and estimates of marketplace statuses. Readers are cautioned that such forward-looking knowledge are neither guarantees nor promises and are matter to identified and unknown dangers and uncertainties together with, however no longer restricted to, basic industry, financial, aggressive, political and social uncertainties, unsure and unstable fairness and capital markets, dearth of to be had capital, unedited result of exploration actions, environmental dangers, year costs of bottom and alternative metals, running dangers, injuries, labour problems, delays in acquiring governmental approvals and allows, and alternative dangers within the mining business. Alternative components and dangers together with diverse chance components mentioned within the Corporate’s disclosure paperwork which may also be discovered below the Corporate’s profile on http://www.sedarplus.ca. Will have to a number of of those dangers or uncertainties materialize, or will have to guesses underlying the forward-looking statements end up wrong, unedited effects would possibly range materially from the ones described herein as supposed, deliberate, expected, believed, estimated or anticipated.

The Corporate is right now an exploration degree corporate. Exploration is extremely speculative in nature, comes to many dangers, calls for considerable expenditures, and would possibly not end result within the discovery of mineral deposits that may be mined profitably. Moreover, the Corporate recently has deny reserves on any of its houses. In consequence, there may also be deny word of honour that such forward-looking statements will end up to be correct, and unedited effects and year occasions may range materially from the ones expected in such statements. 

SOURCE First Atlantic Nickel Corp.