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First Atlantic Nickel Corp. (“First Atlantic or the “Firm”) (TSXV: FAN,OTC:FANCF) (OTCQB: FANCF) (FSE: P21) is happy to announce its participation on the North American Stainless & Particular Alloys Convention 2025, going down November 6-7, 2025, in Nashville, Tennessee. The Firm will take part in enterprise improvement discussions all through the occasion, showcasing how its Pipestone XL Nickel Alloy Mission addresses the rising want for nickel, cobalt and chromium manufacturing that may be processed onshore in North America. The Pipestone XL Mission hosts nickel contained in awaruite, a naturally magnetic nickel-iron-cobalt alloy mineral that is freed from sulfur and comprises roughly 77% 1 nickel, together with vital chromium mineralization all through the system. These distinctive properties allow direct processing by magnetic separation and flotation, eliminating reliance on abroad smelting or roasting operations. This simplified mineral processing technique considerably reduces power necessities and environmental impacts, whereas supporting the event of a resilient home essential minerals provide chain.
First Atlantic’s discovery in Newfoundland, Canada, represents the first large-scale drilled awaruite discovery within the Atlantic area of North America . This discovery immediately addresses essential provide chain vulnerabilities dealing with the North American stainless-steel trade, which relies on chromium, nickel, and cobalt, all designated as essential minerals by the U.S. Geological Survey (“USGS”).
The North American Stainless & Particular Alloys Convention 2 brings collectively key stakeholders from throughout the stainless and particular steels sector for 2 days of networking, dealmaking, and strategic discussions. Attendees embrace main stainless-steel producers corresponding to Cleveland-Cliffs, Outokumpu Stainless USA LLC, Nippon Metal, ATI Specialty Rolled Merchandise, Jindal Stainless, Industeel, and Tsingshan; uncooked supplies suppliers together with Vale, Sumitomo and Climax Molybdenum (Freeport-McMoRan); and international trade leaders throughout mining, processing, and manufacturing together with Boeing, Cronimet, Daido Metal, Fives Group, and Mitsui.
Convention periods will discover how the North American provide chain can adapt to shifting geopolitical realities, what’s wanted to boost long-term competitiveness, and the important thing market tendencies shaping the way forward for stainless and particular steels. The convention offers a essential platform for inspecting how North American producers can strengthen home provide chains, and place themselves competitively in an more and more advanced international market.
In keeping with the USGS, “The event of awaruite deposits in different elements of Canada could assist alleviate any extended scarcity of nickel focus. Awaruite, a pure iron-nickel alloy, is way simpler to pay attention than pentlandite, the principal sulfide of nickel.” 3
The USGS additional emphasizes that “Chromium has no substitute in stainless-steel, the main finish use, or in superalloys, the main strategic finish use,” 4 highlighting the essential want to ascertain safe home provide chains for these important minerals. The Montana Bureau of Mines and Geology notes that no vital chromium mining has occurred within the U.S. since roughly 1962, and the Division of Protection considers chromium a strategic mineral. 5
For additional info, questions, inquiries or to rearrange a gathering with Administration in the course of the convention, please name Rob Guzman – Investor Relations at First Atlantic Nickel by cellphone at +1 844 592 6337 or through electronic mail at rob@fanickel.com .
STRATEGIC SIGNIFICANCE OF AWARUITE (Ni₃Fe) NICKEL ALLOY FOR STAINLESS STEEL PRODUCTION
The Firm’s Pipestone XL Nickel Alloy Mission might present a safe, low influence answer for home nickel and chromium manufacturing. Leveraging awaruite’s sulfur-free composition, excessive nickel content material, and pure magnetic properties, along with chromium mineralization all through the system, the undertaking permits easy, smelter-free processing by magnetic separation and flotation. Not like conventional nickel sulfide or laterite initiatives that depend upon energy-intensive smelting or roasting and generate vital dangerous waste and emissions, the Pipestone XL Mission permits for full onshore manufacturing of nickel focus with minimal environmental influence, strengthening the inspiration for a resilient North American essential minerals provide chain.
Key Benefits
- Smelter-Free Processing : Awaruite permits for environment friendly restoration through easy magnetic separation and flotation, eliminating the necessity for energy-intensive smelting roasting operations, a course of at present dominated by FEOC’s (Overseas Entities of Concern).
- Zero Sulfur Content material : The absence of sulfur prevents acid mine drainage, eliminates poisonous emissions and penalty components, and permits cleaner processing with a considerably decrease environmental influence.
- Multi-Mineral Worth Stream : The Pipestone XL Mission creates a single focus containing nickel, chromium, and cobalt, three important alloying components for stainless-steel and designated U.S. essential minerals.
- North American Provide Safety : Absolutely built-in home processing functionality reduces abroad dependence and enhances provide chain resilience.
- Scale and Growth Potential : Section 2X drilling has confirmed an 800-meter strike size with 750-meter lateral width on the RPM Zone, representing solely 20% of the 4-kilometer goal space, with all drill holes ending in mineralization.
CRITICAL MINERALS MARKET CONTEXT
The chrome steel trade’s dependence on chromium and nickel creates strategic vulnerabilities that the awaruite discovery helps handle. The next desk references information from the European Parliamentary Analysis Service (EPRS), Pure Sources Canada, and the U.S. Division of the Inside U.S. Geological Survey’s “Mineral Commodity Summaries 2025.”
| Mineral | 2024 Mine Manufacturing 6 | U.S. Web Import Reliance 7 , 8 | Major Use 9 | |
| Chromium | 47,000,000 MT | 74 | % | Chrome steel (main use); no substitute exists |
| Nickel | 3,700,000 MT | 83 | % | 84% Chrome steel and nickel containing alloys; 16% rechargeable batteries |
| Cobalt | 290,000 MT | 69 | % | 73% batteries; 9% Superalloys |
| Lithium | 240,000 MT | 40 | % | Batteries (87%) |
SUPPLY CHAIN IMPLICATIONS
The worldwide focus of essential mineral provide creates vital vulnerabilities for stainless-steel producers throughout North American, European and different G7 economies. Key dependencies embrace:
- Chromium : Roughly 95% of worldwide sources are concentrated in Kazakhstan and southern Africa. The USA has had no home chromium mine manufacturing for the reason that early Sixties, relying totally on imports for this important stainless-steel alloying aspect.
- Nickel : Indonesia accounts for roughly 59.5% of world nickel manufacturing (2.2 million MT in 2024), whereas China dominates processing, significantly for nickel sulfate utilized in superior alloys and battery supplies.
- Cobalt : In keeping with the US Military Warfare Faculty Strategic Research Institute, the Democratic Republic of Congo produces roughly 80% of worldwide cobalt provide, with Chinese language corporations controlling about 80% of DRC manufacturing and 60-90% of worldwide refining capability, creating each upstream and downstream dependency. 10
DOMESTIC PROCESSING ADVANTAGE
First Atlantic’s discovery permits full home processing by magnetic separation and flotation, eliminating dependence on abroad smelting or roasting and establishing a safe, dependable North American onshore provide chain for essential stainless-steel alloying components.
TECHNICAL ADVANTAGES OF AWARUITE PROCESSING
Metallurgical testing carried out by First Atlantic confirms awaruite’s distinctive processing traits, demonstrating its potential for environment friendly, low-impact focus manufacturing. Davis Tube Restoration (DTR) testing on Section 1 core samples signifies the next key outcomes:
- Excessive-Grade Focus Manufacturing : Magnetic separation produces concentrates averaging 1.30-1.47% nickel, with vital chromium content material and potential to exceed 60% nickel content material by easy flotation processing strategies.
- Environment friendly Mass Discount : ~90% mass discount is achieved in the course of the preliminary magnetic separation stage, dramatically decreasing downstream processing volumes, power use, and prices.
- Massive Grain Sizes : Awaruite grains generally vary from 25 to 732 microns, typically exceeding 500 microns, permitting for extremely environment friendly magnetic separation, properly above the approximate 10-micron threshold for efficient restoration.
- Confirmed & Examined Expertise : Magnetic separation and flotation are well-established mineral processing strategies utilized in iron ore and different essential mineral operations throughout North America, minimizing technical danger and eliminating reliance on overseas smelting or roasting operations.
Latest Section 2X drilling outcomes verify the consistency and scale of mineralization. Drill gap AN-25-08 intersected 480 meters of steady mineralization averaging 0.12% DTR nickel, whereas roughly 3 kilometers of drill core have averaged 1.30% nickel in magnetic focus throughout the expanded RPM Zone.
Determine 1: Picture of huge podiform chromite (chromium) incidence throughout the Chrome Pond Zone and adjoining to the RPM Zone on the Pipestone XL undertaking.
Determine 2: Standing in a portion of the RPM Zone, with typical dry mound-type topography missing vegetation attributable to excessive magnesium content material in underlying ultramafic rocks.
Determine 3: Instance {photograph} of enormous grain awaruite (Ni 3 Fe Nickel-Iron-Cobalt Alloy) seen in drill core from the RPM Zone on the Pipestone XL Nickel Alloy Mission.
AWARUITE – RARE & PURE NATURAL NICKEL-IRON-COBALT ALLOY MINERAL
The sulfur-free nature of awaruite (Ni 3 Fe), a naturally occurring nickel-iron-cobalt alloy already in metallic type, eliminates the necessity for secondary processes corresponding to smelting, roasting or acid leaching which can be typical of sulfide or laterite nickel ores. Not like sulfides, which aren’t pure alloys, awaruite avoids the problem of sourcing smelter capability – a bottleneck in North America’s nickel provide chain. With a mean nickel grade of roughly 76%, awaruite considerably exceeds the ~25% 11 nickel grade attribute of pentlandite. Awaruite’s sturdy magnetic properties allow focus by magnetic separation, as demonstrated by Davis Tube Restoration (DTR) testing at First Atlantic’s RPM Zone drill core.
Awaruite eliminates the electrical energy necessities, emissions, and environmental impacts related to standard smelting, roasting or acid leaching processes of frequent nickel minerals. Furthermore, awaruite’s sulfur-free composition removes the dangers of acid mine drainage (AMD) and associated allowing challenges generally posed by sulfide minerals. 12 As famous by the USA Geological Survey (USGS) in 2012: “The event of awaruite deposits in different elements of Canada could assist alleviate any extended scarcity of nickel focus. Awaruite, a pure iron-nickel alloy, is way simpler to pay attention than pentlandite, the principal sulfide of nickel.”
Determine 4: Quote from USGS on Awaruite Deposits in Canada
INVESTOR INFORMATION
The Firm’s frequent shares commerce on the TSX Enterprise Change below the image ” FAN “, the American OTCQB Change 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 electronic mail and SMS textual content at www.fanickel.com . Keep related and be taught extra by following us on these social media platforms:
https://www.fb.com/fanickelcorp
https://www.linkedin.com/firm/firstatlanticnickel/
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 permitted the technical info disclosed herein.
Analytical Methodology & QA/QC
Drill core samples have been break up in half on website, 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 licensed 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 have 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 operating the pulverized sub-sample by a magnetic separator which splits the sub-sample into magnetic and non-magnetic fractions. This includes operating a 30 g break up of the pulp by a Davis Tube magnetic separator as a slurry utilizing a continuing circulate price, a magnetic discipline power of three,500 Gauss, and a tube angle of 45 levels to provide 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 load of the magnetic fraction and dividing by the entire recorded feed weight or magnetic mass pulled from the pattern.
True widths are at present unknown. Nevertheless the nickel bearing ultramafic ophiolite and peridotite rocks being focused and sampled within the Section 1 drilling program on the Pipestone XL (previously the Atlantic Nickel Mission) are mapped on floor and in drilling as a number of hundred meters to over 1 kilometer extensive and roughly 30 kilometers lengthy.
About First Atlantic Nickel Corp.
First Atlantic Nickel Corp. (TSXV: FAN,OTC:FANCF) (OTCQB: FANCF) (FSE: P21) is a essential mineral exploration firm in Newfoundland & Labrador growing the Pipestone XL Nickel Alloy Mission (previously the Atlantic Nickel Mission). The undertaking spans all the 30-kilometer Pipestone Ophiolite Advanced, the place a number of zones, together with RPM, Tremendous Gulp, Atlantic Lake, and Chrome Pond, include awaruite (Ni₃Fe), a naturally occurring magnetic nickel-iron-cobalt alloy of roughly ~75% nickel with no-sulfur and no-sulfides, together with secondary chromium mineralization. Awaruite’s sulfur-free composition removes acid mine drainage (AMD) dangers, whereas its distinctive magnetic properties allow processing by magnetic separation, eliminating the electrical energy necessities, emissions, and environmental impacts of standard smelting, roasting, or high-pressure acid leaching whereas decreasing dependence on abroad nickel processing infrastructure.
The U.S. Geological Survey acknowledged awaruite’s strategic significance in its 2012 Annual Report on Nickel, noting that these deposits could assist alleviate extended nickel focus shortages for the reason that pure alloy is way simpler to pay attention than typical nickel sulfides 13 . The Pipestone XL Nickel Alloy Mission is situated close to present infrastructure with year-round highway entry and proximity to hydroelectric energy. These options present favorable logistics for exploration and future improvement, strengthening First Atlantic’s function to ascertain a safe and dependable supply of North American nickel manufacturing for the stainless-steel, electrical car, aerospace, and protection industries. This mission gained significance when the US added nickel to its essential minerals listing in 2022 14 , recognizing it as a non-fuel mineral important to financial and nationwide safety with a provide chain weak to disruption.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
Ahead-looking statements:
This information launch could embrace “forward-looking info” below relevant Canadian securities laws. Such forward-looking info displays administration’s present beliefs and are primarily based on a lot of estimates and/or assumptions made by and knowledge at present out there to the Firm that, whereas thought of affordable, 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 info.
Ahead-looking info on this information launch consists of, however is just not restricted to: statements concerning: the Firm’s participation in and outcomes from the North American Stainless & Particular Alloys Convention 2025, together with potential enterprise improvement discussions, partnership alternatives, market publicity arising from convention attendance; the timing, scope and outcomes of the Firm’s Section 1 and Section 2X drilling applications; future undertaking developments; the Firm’s aims, objectives, and future plans; statements and estimates of market situations; the viability of magnetic separation as a low-impact processing technique for awaruite; the strategic and financial implications of the Firm’s initiatives ; and expectations concerning future developments and strategic plans. Readers are cautioned that such forward-looking info 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 unstable fairness and capital markets, lack of obtainable capital, precise outcomes of exploration actions, environmental dangers, future costs of base and different metals, working dangers, accidents, labour points, delays in acquiring governmental approvals and permits, the likelihood that convention participation could not result in anticipated enterprise improvement outcomes, and different dangers within the mining and clear power industries. Extra components and dangers together with varied danger components mentioned within the Firm’s disclosure paperwork which might 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 fluctuate materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated.
The Firm is presently an exploration stage firm. Exploration is extremely speculative in nature, includes many dangers, requires substantial expenditures, and should not end result within the discovery of mineral deposits that may be mined profitably. Moreover, the Firm at present has no mineral reserves on any of its properties. Because of this, there might be no assurance that such forward-looking statements will show to be correct, and precise outcomes and future occasions might differ materially from these anticipated in such statements. The Firm undertakes no obligation to replace forward-looking info, besides as required by relevant securities legal guidelines.
1 https://www.sciencedirect.com/science/article/abs/pii/S0892687522002667
2 https://www.smr-events.com/event-details/north-american-stainless-special-alloys-conference-2025.html
3 https://d9-wret.s3.us-west-2.amazonaws.com/belongings/palladium/manufacturing/mineral-pubs/nickel/mcs-2012-nicke.pdf
4 https://pubs.usgs.gov/periodicals/mcs2025/mcs2025.pdf
5 https://www.mbmg.mtech.edu/pdf-publications/fs34.pdf
6 https://pubs.usgs.gov/periodicals/mcs2025/mcs2025.pdf
7 https://www.europarl.europa.eu/RegData/etudes/BRIE/2023/754617/EPRS_BRI(2023)754617_EN.pdf
8 https://www.mbmg.mtech.edu/pdf-publications/fs34.pdf
9 https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts
10 https://ssi.armywarcollege.edu/SSI-Media/Latest-Publications/Article/3938204/china-in-the-democratic-republic-of-the-congo-a-new-dynamic-in-critical-mineral/
11 https://fpxnickel.com/projects-overview/what-is-awaruite/
12 https://d9-wret.s3.us-west-2.amazonaws.com/belongings/palladium/manufacturing/mineral-pubs/nickel/mcs-2012-nicke.pdf
13 https://d9-wret.s3.us-west-2.amazonaws.com/belongings/palladium/manufacturing/mineral-pubs/nickel/mcs-2012-nicke.pdf
14 https://www.usgs.gov/information/national-news-release/us-geological-survey-releases-2022-list-critical-minerals
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