First Atlantic Nickel Expands Section 2X Drilling at Pipestone XL Nickel Alloy Venture: 4 Extra Holes Concentrating on 1.4 Kilometer Strike Size and 850-Meter Width at RPM Zone

First Atlantic Nickel Corp. (TSXV: FAN,OTC:FANCF) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Firm”) is happy to announce the fast addition of 4 drill holes (AN-25-11 to AN-25-14) to the Section 2X drilling program on the RPM Zone inside its Pipestone XL Nickel Alloy Venture in central Newfoundland. This growth follows the continued success of the drilling program, which has now confirmed magnetically recoverable awaruite nickel alloy in all ten RPM Zone discovery holes. The Firm has maintained a 100% success fee in drilling, which has already outlined 800 meters in strike size by 750 meters in width, representing simply 20% of the newly outlined 4-kilometer RPM Zone goal space contained inside the 30-kilometer ultramafic nickel development (see Determine 1), as outlined via DTR floor sampling and geological mapping introduced October 21, 2025.

The extra drill holes are designed to develop the RPM Zone in a number of instructions, extending the entire drill-confirmed strike size to roughly 1.4 kilometers (north-south) and the width to 850 meters. Holes AN-25-11 and AN-25-12 will lengthen drilling east of Gap AN-25-10 , the Firm’s greatest consequence to this point, testing under and past the purpose the place drilling stopped resulting from a clay-filled fault zone. This japanese extension towards Chrome Pond has persistently returned the most effective magnetically recoverable nickel grades on the property. Gap AN-25-13 will check a 400-meter northern extension on the brand new Part S4, whereas Gap AN-25-14 will check a 200-meter southern step-out south of Part S1.

Confidence within the growth drilling is supported by constant metallurgical outcomes throughout all ten RPM Zone discovery holes, which have intersected large-grain seen awaruite mineralization from close to floor to finish of gap. Awaruite (Ni₃Fe), a naturally occurring nickel-iron-cobalt alloy containing ~77% nickel, could be concentrated via magnetic separation and flotation. This positions the Pipestone XL Venture as a possible safe and dependable enter to a North American nickel provide chain, supporting a mine-direct-to-battery-refinery or stainless-steel processing pathway whereas bypassing the vitality calls for and environmental impacts of smelting, roasting, or high-pressure acid leaching. The result’s a lower-energy, extra environmentally sustainable, and safe onshore provide chain.

For questions or extra data, please name 844-592-6337 or e-mail rob@fanickel.com to attach with Rob Guzman, First Atlantic Nickel’s Investor Relations.

KEY HIGHLIGHTS:

1. 100% Discovery Success Price Throughout Ten RPM Zone Drill Holes: All ten discovery holes on the RPM Zone intersected large-grain seen awaruite and returned constructive magnetically recoverable nickel outcomes. The drilled and assayed space now covers roughly 800 meters in strike size by 750 meters in width. Each gap has led to mineralization, confirming the system stays open in all instructions.
2. 4 Extra Drill Holes Added to Section 2X Program: Based mostly on the success of drilling and consistency of awaruite mineralization throughout all ten discovery holes, the Firm has instantly added 4 holes (AN-25-11 to AN-25-14) to the RPM Section 2X drill program. These holes will check growth potential in a number of instructions to increase the drill-tested strike size to roughly 1.4 kilometers and width to 850 meters.
3. Japanese Enlargement Towards Chrome Pond (Holes AN-25-11 and AN-25-12): Holes AN-25-11 and AN-25-12 will lengthen drilling additional east of Gap AN-25-10, the Firm’s greatest consequence to this point (0.15% DTR Ni over 228 meters with 68.62% magnetic restoration). These holes will check under and past the place Gap AN-25-10 was stopped resulting from a clay-filled fault zone. The eastward development towards Chrome Pond has persistently returned the very best magnetically recoverable nickel grades on the property.
4. Northern Extension on New Part S4 (Gap AN-25-13): Gap AN-25-13 will check a 400-meter northern step-out on new Part S4, past the present northernmost drilling on Part S3. This extension types a part of the systematic growth concentrating on the 4-kilometer strike size potential outlined by DTR floor sampling.
5. Southern Step-Out Extension (Gap AN-25-14): Gap AN-25-14 will check a 200-meter step-out south of Part S1, extending the drill examined space additional south past current limits.
6. 4 New Holes Lengthen Drill-Examined Strike Size to 1.4 km Inside a 4 km RPM Zone Goal: The 4 further holes will develop the north-south drill examined strike size to roughly 1.4 kilometers, greater than tripling the Section 1,400-meter north-south drilled strike size, and enhance the drill examined width to 850 meters.
7. Magnetic Separation achieves 90% Mass Discount and Excessive-Grade Focus: Magnetic separation selectively recovers nickel, chromium, and cobalt whereas sending ~90% of brucite containing waste rock to tailings which might sequester carbon (CO ₂ ). The remaining 10% magnetic focus, persistently grading 1-2% nickel throughout all RPM Zone drill holes, could be upgraded on-site to a ~60% nickel focus with flotation.
8. Awaruite Helps a Mine-Direct-to-Refinery Nickel and Cobalt Pathway: Awaruite allows a totally onshore North American nickel and cobalt provide chain, from upstream mining with magnetic separation and flotation on the mine web site, to midstream refining of nickel sulphate (NiSO₄) for manufacturing of precursor cathode lively materials (pCAM) manufacturing for EV batteries. As a result of awaruite happens in metallic type, it bypasses the smelting technique of nickel sulfide ores, supporting a direct mine-to-refinery pathway totally inside North America.

RPM ZONE DRILLING SUMMARY

Desk 01: RPM Zone – Full Intervals for All RPM Drill Holes Reported to Date

DTR nickel proportion is calculated by multiplying the mass pull (%) by the magnetic nickel focus grade (%). This quantity represents the proportion of nickel recoverable via magnetic separation and isn’t equal to a typical assay consequence. Each 3-meter interval all through every drill gap was processed utilizing this metallurgical methodology. DTR outcomes could differ relying on gear settings and ongoing technological developments.

PHASE 2X EXPANSION DRILLING TARGETS

The 4 further drill holes are strategically positioned to check the RPM Zone’s growth potential in three instructions:

Japanese Enlargement (Holes AN-25-11 and AN-25-12): Holes AN-25-11 and AN-25-12 will lengthen drilling east of Gap AN-25-10, which returned the very best DTR nickel grades to this point (0.15% DTR Ni over 228 meters with 68.62% magnetic restoration). The japanese drilling will check under and past the place Gap AN-25-10 was stopped at 236 meters resulting from a clay-filled fault zone containing ample magnetite. The eastward development towards Chrome Pond, the place historic sampling returned as much as 62.2% Cr₂O₃, has persistently delivered the strongest magnetically recoverable nickel grades on the property.

Northern Extension (Gap AN-25-13): Gap AN-25-13 will check a 400-meter northern step-out on Part S4, past the present northernmost drilling on Part S3. This RPM Zone extension targets awaruite alloy mineralization additional north inside a newly outlined 4-kilometer-long goal outlined by DTR floor sampling introduced October 21, 2025.

Southern Extension (Gap AN-25-14): Gap AN-25-14 will check a 200-meter southern step-out south of Part S1, concentrating on southern extension potential in areas now reinterpreted as ultramafic peridotites internet hosting awaruite mineralization. Roughly 1 kilometer of further southern extension potential has been recognized.

Extra data on drilling progress and outcomes might be supplied because it turns into accessible.

Determine 1: RPM Zone Space Map Exhibiting Section 2X Enlargement Drill Gap Places and Floor Pattern DTR Nickel Outcomes Outlining the Precedence Goal Areas.

AWARUITE – SECURE NORTH AMERICAN NICKEL SUPPLY CHAIN POTENTIAL

Determine 2: Quote from USGS on Awaruite Deposits ¹

Awaruite (Ni₃Fe) is a naturally occurring nickel-iron-cobalt alloy containing roughly 77% nickel ² , or 2 to three occasions the nickel content material of typical sulfide minerals resembling pentlandite (~25% Ni) ³ . The nickel recognized to this point on the RPM Zone is hosted in awaruite, making it magnetically recoverable via magnetic separator drums used safely for over a century in North American iron ore operations.

Not like pentlandite (Fe,Ni)₉S₈, which accommodates sulfur—a non-metallic chemical ingredient that should be eliminated via secondary processes resembling smelting or roasting previous to refining phases required to supply nickel sulphate (NiSO₄) for EV battery precursor cathode lively supplies (pCAM)—awaruite already exists in a decreased metallic state. Composed totally of steel components, it requires no discount or chemical processing, eliminating the necessity for smelting, roasting, or high-pressure acid leaching. This gives a mine-direct-to-refinery pathway that bypasses the bottleneck of restricted North American smelting capability, with the potential to unlock large-scale home nickel manufacturing for the battery provide chain. By avoiding the secondary processing of nickel sulfide minerals, awaruite gives a decrease vitality, extra environmentally sustainable, and safe onshore processing – notably important on condition that the USA operates zero major nickel smelters and Canada’s scarce getting older smelter capability faces mounting pressures from rising electrical energy demand, growing energy prices, and growing emissions and air pollution laws.

The metallurgical program continues to advance, with mineralogy, restoration, and focus testing ongoing. Along with cobalt as a byproduct, disseminated chromium happens with awaruite in all RPM Zone drill holes, and the Firm has expanded its metallurgical program to incorporate chromium as an space of curiosity for potential byproduct restoration. This system is designed to create a marketable direct-to-refinery awaruite focus containing nickel and cobalt, and the Firm is now additionally evaluating the potential for a high-grade chromium focus. Updates on restoration, separation, and preliminary focus merchandise for nickel, chromium, and cobalt are anticipated in early 2026.

Investor Info

The Firm’s widespread shares commerce on the TSX Enterprise Trade below the image ” FAN “, the American OTCQB Trade below the image ” FANCF ” and on a number of German exchanges, together with Frankfurt and Tradegate, below the image ” P21 “.

Traders can get updates about First Atlantic by signing as much as obtain information through e-mail and SMS textual content at www.fanickel.com.

FOR MORE INFORMATION:

First Atlantic Investor Relations

Robert Guzman

Tel: +1 844 592 6337

rob@fanickel.com

Disclosure

Adrian Smith, P.Geo., a director and the Chief Government Officer of the Firm is a professional individual as outlined by NI 43-101. The certified individual is a member in good standing of the Skilled Engineers and Geoscientists Newfoundland and Labrador (PEGNL) and is a registered skilled geoscientist (P.Geo.). Mr. Smith has reviewed and authorized the technical data disclosed herein.

Analytical Technique & QA/QC

Samples had been cut up in half on web site, with one half remaining within the core field for future reference and the opposite half securely packaged for laboratory evaluation. The QA/QC protocol included the insertion of blanks, duplicates, and authorized reference materials (requirements), with one QA/QC pattern being inserted each 20 samples to watch the precision and accuracy of the laboratory outcomes. All analytical outcomes efficiently handed QA/QC screening on the laboratory, and all Firm inserted requirements and blanks returned outcomes inside acceptable limits.

Samples had been submitted to Activation Laboratories Ltd. (“Actlabs”) in Ancaster, Ontario, an ISO 17025 licensed and accredited laboratory working independently of First Atlantic. Every pattern was crushed, with a 250 g sub-sample pulverized to 95% – 200 mesh. A magnetic separate was then generated by working the pulverized sub-sample via a magnetic separator which splits the sub-sample into magnetic and non-magnetic fractions. This includes working a 30 g cut up of the pulp via a Davis Tube magnetic separator as a slurry utilizing a relentless movement fee, a magnetic area energy of three,500 Gauss, and a tube angle of 45 levels to supply magnetic and non-magnetic fractions.

The magnetic fractions are collected, dried, weighed and the magnetic fraction is fused with a lithium metaborate/tetraborate flux and lithium bromide releasing agent after which analyzed on a wavelength dispersive XRF for a number of components together with nickel, cobalt, iron and chromium. The magnetically recovered nickel grade was then calculated by multiplying the XRF fusion nickel worth by the burden of the magnetic fraction and dividing by the entire recorded feed weight or magnetic mass pulled from the pattern.

True widths are presently unknown. Nevertheless, the nickel bearing ultramafic ophiolite and peridotite rocks being focused and sampled within the Section 1 drilling program on the Atlantic Nickel Venture are mapped on floor and in drilling as a number of hundred meters to over 1 kilometer vast and roughly 30 kilometers lengthy.

Ahead-looking statements:

This information launch could embody “forward-looking data” below relevant Canadian securities laws. Such forward-looking data displays administration’s present beliefs and are based mostly on various estimates and/or assumptions made by and data presently accessible to the Firm that, whereas thought-about cheap, are topic to identified and unknown dangers, uncertainties, and different components which will trigger the precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking data.

Ahead-looking data on this information launch contains, however is just not restricted to: statements concerning: the timing, scope, aims, and outcomes of the Firm’s Section 1 and Section 2 work applications and drilling (together with the Section 2X growth drill holes, follow-up drilling round Gap AN-25-10, and continued step-outs towards Chrome Pond); the potential to develop the drill-confirmed RPM Zone strike size and width inside the broader 4-kilometre RPM Zone goal; future exploration, growth, and metallurgical plans; the potential measurement, continuity, geometry, and extension of awaruite-bearing mineralization; the interpretation, comparability, and utility of DTR-based metallurgical recoverability outcomes; the viability and anticipated efficiency of magnetic separation and flotation as low-impact processing strategies for awaruite; the strategic and financial implications of a mine-direct-to-refinery processing pathway; expectations concerning market circumstances, commodity costs, and demand for nickel, cobalt, and chromium; and the Firm’s potential to advance its tasks and execute its enterprise and strategic plans.

Ahead-looking data is predicated on, amongst different issues, assumptions concerning: the continuity of geology and mineralization recommended by drilling, sampling, and floor work to this point; DTR recoverability outcomes and metallurgical recoveries remaining comparable below comparable processing circumstances; magnetic separation efficiency persevering with to be in line with check outcomes; the provision of drill rigs, contractors, companies, personnel, provides, and gear; the receipt of required permits and approvals inside anticipated timeframes; prevailing and future commodity costs, market circumstances, and demand; and the Firm’s potential to acquire financing on cheap phrases to fund deliberate exploration and metallurgical applications.

Readers are cautioned that such forward-looking data are neither guarantees nor ensures and are topic to identified and unknown dangers and uncertainties together with, however not restricted to, normal enterprise, financial, aggressive, political and social uncertainties, unsure and risky fairness and capital markets, lack of accessible capital, precise outcomes of exploration actions, variations in grade, geology, continuity, or mineralization geometry; metallurgical and processing dangers (together with variability in DTR recoverability outcomes resulting from gear settings or technological adjustments), environmental dangers, future costs of base and different metals, working dangers, accidents, labour points, delays in acquiring governmental approvals and permits, and different dangers within the mining and clear vitality industries. Extra components and dangers together with numerous threat components mentioned within the Firm’s disclosure paperwork which could be discovered below the Firm’s profile on http://www.sedarplus.ca. Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking statements show incorrect, precise outcomes could differ materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated.

The Firm is presently an exploration stage firm. Exploration is very speculative in nature, includes many dangers, requires substantial expenditures, and should not consequence within the discovery of mineral deposits that may be mined profitably. Moreover, the Firm presently has no mineral reserves on any of its properties. Because of this, there could be no assurance that such forward-looking statements will show to be correct, and precise outcomes and future occasions may differ materially from these anticipated in such statements. The Firm undertakes no obligation to replace forward-looking data, besides as required by relevant securities legal guidelines.

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

¹ https://d9-wret.s3.us-west-2.amazonaws.com/belongings/palladium/manufacturing/mineral-pubs/nickel/mcs-2012-nicke.pdf
² https://www.sciencedirect.com/science/article/abs/pii/S0892687522003648
³ https://fpxnickel.com/projects-overview/what-is-awaruite/

Photographs accompanying this announcement can be found at

https://www.globenewswire.com/NewsRoom/AttachmentNg/5d8241dd-1d3d-4995-8cf5-deb9ef0bda77

https://www.globenewswire.com/NewsRoom/AttachmentNg/50da9722-7de8-4166-a478-7038947f12f9