We're up against the clock this morning and (FANCF) needs to be top priority.

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(FANCF) Update: Company Identifies 30km Awaruite Nickel Trend (Massive Breaking News)

(OTCQB: FANCF) (TSXV: FAN)

June 25th

Greetings Readers,

We're up against the clock this morning and (FANCF) needs to be top priority.

Why? Because the company dropped massive news this morning! Check it out:

First Atlantic Nickel Identifies 30km Awaruite Nickel Trend From Data Compilation at its Atlantic Nickel Project in Central Newfoundland

VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or “FAN” or the “Company”) is pleased to announce it has completed a large-scale data compilation for its 21,850-hectare Atlantic Nickel Project in Central Newfoundland, Canada. This first-time extensive review, covering the entire Pipestone Ophiolite Ultramafic Complex, identified over 700 regional exploration reports. Of these, 134 contained relevant project information, including data on prospecting, geological mapping, airborne geophysics, geochemistry, and drilling.

The data compilation program outlined a 30-km core trend with consistent, highly anomalous nickel concentrations, strongly correlating with the Pipestone Complex's high-magnetic ultramafic rocks. These rocks have high potential for hosting awaruite (nickel-iron alloy) nickel deposits, positioning the project to become the first major awaruite nickel exploration and development project in Atlantic Canada.

Highlights

  • Between November 2023 and March 2024, First Atlantic acquired 21,850 hectares, securing the entire Pipestone Ophiolite Complex. This district-scale project encompasses ultramafic rocks with significant nickel potential.
  • Over 700 historical reports were examined, 134 digitized, resulting in the addition of 4,581 samples, 23 drill holes, and 115,859 assay results from project area to the database.
  • Awaruite (nickel-iron alloy) identified in rocks, tills, and drill core samples over a 30 km trend.
  • High nickel anomalies (up to 3300 ppm in rocks, 4260 ppm in soils) persist over 30 km, correlating with ultramafic units and magnetic surveys; 20% of rock samples average higher than 2000 ppm Ni.
  • 4 priority targets identified for immediate follow-up, including Atlantic Lake, Gulp Pond, Pipestone, and Chrome Pond (see Figure 1 and Table 1).
  • Strategically located in central Newfoundland, the Atlantic Nickel Project benefits from year-round road access, proximity to a hydroelectric dam, a temperate climate, and flat terrain.

Adrian Smith, CEO of First Atlantic, continues, "The Atlantic Nickel Project presents an exceptional opportunity. We've identified awaruite nickel mineralization over a 30-kilometer trend with consistently elevated nickel grades, demonstrating potential for a new multi-zone nickel district in an ideal development location. Our new geologic and exploration model, coupled with fully funded exploration and development programs, will accelerate our 2024 drilling program to define potential resources."

Read the full article here.

Could today's huge news create some significant buzz today for FANCF?

Remember, the OTC Markets' website is reporting FANCF to have a float of fewer than 31Mn shares which means volatility potential needs to be watched for.

Take a quick moment to review my FANCF report below and get this Nickel explorer on your radar quickly!

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Within the complex landscape of global geopolitics and strategic industrial planning, certain metals emerge as cornerstones, far surpassing their conventional applications in significance.

Nickel stands prominently among them.

Celebrated for its versatility, nickel has evolved into an indispensable element across modern military technologies, industrial sectors, and the fast-growing electric vehicle (EV) space.

However, recent global tensions and supply shortages have emphasized the urgent need for dependable nickel sources.

Modern tech and warfare demands have put nickel on a journey from an under-appreciated metal to a strategic asset.

Critical for high-temperature aerospace alloys, stainless steel, and lithium-ion batteries, nickel's importance continues to grow at breakneck speeds.

Hitting close to home, and recognizing nickel's critical role, the United States Department of Defense (DoD) has acknowledged its significance in military applications such as jet engines, armor plating in tanks, and anti-aircraft firearms. (1)

And as the world in general begs for sustainable energy solutions, mineral demand for storage in the SDS could grow by over 30 times between 2020 and 2040, with demand for nickel and cobalt growing by 140 times and 70 times, respectively.

With global demand on the rise, securing a stable supply of this crucial metal remains essential.

One company is strategically aligning itself to tackle North America's dependence on overseas nickel sources during worldwide shortage worries.

Through their hunt for this vital element crucial for contemporary defense and technology, this under-the-radar profile is readying to fulfill increasing demands in pivotal industries.

That's why you need to drop everything right now and pull up:

*First Atlantic Nickel Corp. (OTCQB: FANCF) (TSXV: FAN)*

First Atlantic Nickel Corp. is a Canadian mineral exploration company that owns 100% of the Atlantic Nickel Project, a large scale significant awaruite nickel project in Newfoundland and Labrador, Canada.

By eliminating the need for smelting, nickel in the form of awaruite reduces dependence on foreign entities of concern for both supply and processing, thereby strengthening supply chain security.

In 2022, the US Government designated nickel as a critical mineral, highlighting its importance to the nation's economy and security.

And right now, FANCF has several potential breakout catalysts to familiarize yourself with starting this second:

No. 1 - FANCF's 2024 Exploration Program Gets Fully Funded!

No. 2 - This Strategic Engagement Will Help Accelerate Exploration While Leveraging AI Data.

No. 3 - A Recent OTCQB Uplisting Could Bring Added Visibility To This Hidden Gem!

No. 4 - Could This Low(ish) Float Provide Strong Potential For Volatility?

But more on those in a second...

Nickel: Essential to the Modern World

Nickel's high energy density and electrical conductivity make it an essential component in electric vehicles and renewable energy infrastructure.

image

Strategically located for input into the North American critical metal supply chain.

High-value, clean nickel products bypass smelters, achieving high payability with a reduced environmental impact.

First Atlantic’s projects are well-located for integration with the critical mineral stainless steel and EV markets.

image

The Atlantic Nickel Project

Overview

AWARUITE ADVANTAGE: Naturally occurring nickel-iron alloy enables simple magnetic separation and flotation recovery, reducing dependence on China's control of the nickel sulfide processing supply chain and the need for energy-intensive smelting

PRIME LOCATION: 40 km from Grand Falls-Windsor, Newfoundland, Canada - a top-tier mining jurisdiction with a pro-mining government and community.

STRATEGIC INFRASTRUCTURE: Existing road access allows for year-round workability, with a project boundary just 3 km from a clean hydroelectric power dam.

DISTRICT SCALE POTENTIAL: 21,850 hectares of wholly owned land, featuring multiple mineralized zones, indicating potential for a district-scale model with multiple deposits

Project History

HIGH-POTENTIAL DISCOVERY: Identified in 2010 by Altius Minerals & Cliffs Natural Resources as a high-potential awaruite nickel-chromium deposit, verified by First Atlantic Nickel Corp.

EXTENSIVE LAND POSITION: Significant land position covering almost the entire Pipestone ultramafic belt; Elevated nickel and chromium presence.

CORE TREND AREA: 30 km core trend area with nickel values up to 4260 ppm in surficial sampling.

BULK TONNAGE TARGETS: Enable quick large-scale resource delineation.

MAGNETIC SURVEY CORRELATION: High magnetic signature correlates with elevated nickel values.

Voiseys West Project

Overview

HISTORY Voisey's Bay: Historic $4.5Bn discovery (1996) led to major infrastructure development, including a purpose-built port.

GEOLOGY Voisey's West: Similar geology to Voisey's Bay, with magmatic nickel sulphides (pyrrhotite, pentlandite, and chalcopyrite) in mafic intrusions hosted in the same intrusive suite and sulfur-bearing "PG" Para-Gneiss country rocks.

EXPLORATION POTENTIAL: From 1995 to 2008, 72 holes were drilled, identifying several zones of Ni-Cu-Co-PGE mineralization; deeper mafic-intrusive body with additional pooled nickel sulphides; the system remains open in all directions, offering excellent potential for expansion.

2023 DRILLING CONFIRMED:

  • Greater than 1% nickel intersected in drilling at multiple locations over a strike length of 1km.
  • Good potential to identify pockets of higher grade metals.
  • Similar grades and mineralization style to the Voisey's Bay Eastern Deeps zones.
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Grab Sources Here: Company Website. Company Presentation.

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As mentioned above, FANCF has multiple potential breakout catalysts to focus on immediately. Take a look:

No. 1 FANCF Potential Catalyst - FANCF's 2024 Exploration Program Gets Fully Funded!

First Atlantic Nickel Closes $2.1Mn No-Warrant In-vest-ment...

VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. ... is pleased to announce that subject to the final approval of the TSX Venture Exchange (the “Exchange”), the Company has closed a non-brokered private placement led by a strategic in-vest-or, of 9,928,571 flow-through shares (the “FT Shares”) issued at a price of C$0.21 per FT Share, for aggregate gross proceeds of $2.084Mn+ (the “Offering”). Each FT Share will consist of one common share of the Company issued as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada).

Highlights:

  • The Company’s 2024 exploration program is now fully funded with a planned 5,000m drilling at the Atlantic Nickel Project to target numerous zones of awaruite nickel mineralization along a 30km ultramafic nickel trend.

...

  • Post-closing, a strategic in-vest-or holds a 9.98% equity stake in First Atlantic, secured by an in-vest-or rights agreement (the "In-vest-or Rights Agreement") granting the right to maintain ownership in future financings.
  • No warrants, finders fees, or commissions were payable in connection with the Offering.

Funds raised from the Offering will fully fund the Company's 2024 exploration programs, which will include geophysical surveys, surface exploration, and a planned 5,000-meter drilling campaign at the Atlantic Nickel Project. These activities will target high-priority zones along the extensive 30-kilometer ultramafic nickel trend. The summer's geophysical surveys and surface exploration will play a vital role in identifying the most promising initial drill targets for the planned multi-zone drilling program.

...

Adrian Smith, Chief Executive Officer of First Atlantic, commented, "We are thrilled to secure this substantial in-vest-ment, which will enable the Company to fully fund its 2024 exploration program at the Atlantic Nickel Project and unlock the immense discovery potential along the 30km district-scale awaruite nickel trend."

...

Read the full article here.

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No. 2 FANCF Potential Catalyst - This Strategic Engagement Will Help Accelerate Exploration While Leveraging AI Data.

First Atlantic Nickel Announces Strategic Engagement of Draganfly for Advanced Exploration at Atlantic Nickel Project

Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - First Atlantic Nickel Corp. ... is pleased to announce the strategic engagement of Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) ("Draganfly"), an award-wi.nn.ing, industry-leading drone solutions and systems developer, for advanced aerial sensing exploration at the Company's district-scale Atlantic Nickel Project located in Newfoundland, Canada.

Highlights:

First Atlantic has engaged Draganfly, a leading drone technology company, to conduct advanced surveys, including a magnetic geophysical survey, at the Atlantic Nickel Project, aimed to identify high priority magnetic awaruite target areas while the company solidifies its plans for its 2024 drilling program.

Draganfly's drones offer impressive capabilities, including a 10kg payload capacity, a wide operating temperature range, high wind tolerance, and the ability to carry an array of advanced sensors.

The engagement aims to accelerate exploration of the 30-kilometer nickel bearing ultramafic target area, which has proven elevated nickel values and shows potential for a multi-deposit mining district.

First-ever detailed geophysical survey to cover the northernmost tip of a 30-kilometer trend known to contain nickel. Historic drill holes in this target area discovered awaruite nickel mineralization, with nickel grades between 0.22% and 0.27% over the full 87 meter length ending in mineralization (NFLD/3284).

"We are thrilled to collaborate with Draganfly and utilize their advanced drone technology to expedite exploration at the Atlantic Nickel Project," said Adrian Smith, CEO of First Atlantic. "Draganfly's expertise and cutting-edge drones will enable us to efficiently survey our vast land package, accelerate potential discoveries, and acquire precise data. This partnership aligns with our long-term strategy of leveraging AI-powered data to unlock the full potential of the Atlantic Nickel Project and expand known areas of awaruite mineralization."

...

Read the full article here.

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No. 3 FANCF Potential Catalyst - A Recent OTCQB Uplisting Could Bring Added Visibility To This Hidden Gem!

First Atlantic Nickel Uplists in U.S. Market to the OTCQB with DTC Eligibility

Vancouver, British Columbia--(Newsfile Corp. - June 4, 2024) - First Atlantic Nickel Corp. ... is pleased to announce its uplisting to the OTCQB® Venture Market (the "OTCQB") and the Company's common shares are now quoted for trading under the symbol "FANCF". The OTCQB is a reputable U.S. trading platform that enhances visibility and liquidity in the U.S. st-ock market. ...

Mr. Smith, CEO of the Company comments, "Our commitment to sustainable nickel supports North America's vital industries. Nickel is essential for electric vehicle batteries, infrastructure, clean energy, and aerospace. ..."

...

Read the full article here.

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No. 4 FANCF Potential Catalyst - Could This Low(ish) Float Provide Strong Potential For Volatility?

According to info from the OTC Markets' website, FANCF has a somewhat low(ish) float.

The website reports this profile to have roughly 30.79Mn shares in its float.

Why is that figure important? It's important on one crucial level. Volatility.

Could more positive company news in mid-2024 provide a near term spark?

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Breakout Watch Is A Go! FANCF's Potential Catalyst Recap

No. 1 - FANCF's 2024 Exploration Program Gets Fully Funded!

No. 2 - This Strategic Engagement Will Help Accelerate Exploration While Leveraging AI Data.

No. 3 - A Recent OTCQB Uplisting Could Bring Added Visibility To This Hidden Gem!

No. 4 - Could This Low(ish) Float Provide Strong Potential For Volatility?

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Coverage is officially initiated on First Atlantic Nickel Corp. (FANCF). Get this breakout idea on your radar now!

Sincerely,

Kai Parker

StockWireNews


Source 1

(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)

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