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Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Sees Great Potential Across its Saskatchewan Nickel Projects

  • Electric vehicles are expected to account for over 50% of automobile sales in 2040, driving a six-fold increase in global nickel demand
  • Fathom Nickel has looked to capitalize on the world’s ambitions for a carbon-neutral future through the exploration and development of two promising nickel deposits located within Canada’s Saskatchewan province
  • The site of historic exploratory and mining activity during the 1960’s, initial exploration work across both the Albert Lake and Gochager Lake projects have found great potential in terms of resource and mineral yields

Forecasts suggest that by 2040, electric vehicles (“EVs”) will comprise over 50 percent of annual passenger vehicles sales, as manufacturers and customers transition to cleaner forms of transportation in a bid to limit and curb the harmful emissions currently contribution to global warming (https://ibn.fm/Ni1Wi). In turn, the surge in electric vehicle manufacturing and sales have significantly escalated the demand for crucial raw material inputs such as nickel within the electric vehicle supply chain; a recent report has suggested that global nickel demand is poised to increase six-fold as of 2030, largely because of the burgeoning electric vehicle market. Whilst this scenario has presented an array of growth prospects within the nickel mining and refining sectors, it has also presented its own challenges, namely in terms of the environmental impact of mining operations as well as geopolitical issues related to supply chain security.

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), a Calgary-based Canadian natural resource development and exploration company has sought to cater to the ongoing energy transition through the exploration and development of high-grade nickel sulfide developments. Nestled within the prolific Trans Hudson Corridor in Canada’s Saskatchewan province, Fathom Nickel’s two sites, namely – the Albert Lake project and the Gochager Lake project respectively have played host to historic artisan mining operations, with Fathom Nickel now seeking to build upon the prior activity.

Albert Lake, a broad geographic expanse totaling over 90,000 hectares in site was previously host to the historic Rottenstone Mine in the mid-1960’s (https://ibn.fm/JQd4d). Whilst it only produced 26,000 tons during the five-year period in which the mine was active, its output was prolific in terms of its mineral grades: 3.28% nickel, 1.83% copper and 9.63g/t of platinum + palladium + gold (“3PE”). Whilst historic reserves on the site were estimated at approximately 50,000 tons, ongoing drilling by Fathom Nickel has recently uncovered a similar and promising mineralization pattern approximately 500 meters west-northwest from the original Rottenstone deposit, in an area called the Bay-Island Trend; the findings have reinforced the company’s belief that Rottenstone was just one occurrence within a larger magmatic nickel system, with the Albert Lake area’s potential far beyond the boundaries of what has been explored thus far.

A 5,000-hectare site optioned by Fathom Nickel in September 2022; the Gochager Lake project has since been expanded to 22,000 hectares on account of the area’s potential. Building upon historic exploratory work carried out on site in 1967, Fathom Nickel drilled 9 holes totaling 2,893 meters in 2023; initial results were extremely promising. Fathom drillhole GL23003 was featured in Northern Miner Magazine as the 8th best nickel intercept drilled worldwide in 2023. At 58.2 meters in length, initial analysis uncovered 1.11% nickel content, 0.38% copper and 0.11% cobalt.

The prominent role played by nickel within the EV battery manufacturing supply chain has underscored the mineral’s importance in helping achieve a carbon-neutral feature. Nevertheless, and with demand for nickel on the rise, additional pressure has been heaped upon nickel’s market dynamics, particularly around pricing and supply chain stability – the latter exacerbated by the uneven global distribution of nickel resources, a potentially point of conflict in the event of any geopolitical instability. As such, Fathom Nickel is playing an increasingly important role within the nickel and global energy transition movement on account of both, its promising assets as well as its geographic location amidst an increasingly fragmented global environment.

For more information, visit the company’s website at www.FathomNickel.com.

NOTE TO INVESTORS: The latest news and updates relating to FNICF are available in the company’s newsroom at https://ibn.fm/FNICF

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