First Atlantic Nickel Corp. Receives Maximum $150,000 Grant for Atlantic Nickel Project in Newfoundland

Published: May 6, 2025 23:48

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First Atlantic Nickel Corp. (TSXV: FAN) has received a $150,000 grant—the maximum available—through Newfoundland & Labrador's Junior Exploration Assistance (JEA) program to support its 100%-owned Atlantic Nickel Project. Located in central Newfoundland, the project spans the 30 km Pipestone ophiolite complex, rich in awaruite (a sulfur-free nickel-iron alloy).

Phase 1 drilling confirmed widespread visible awaruite mineralization with consistent nickel grades, and initial metallurgical testing showed that magnetic separation effectively concentrates the nickel. Awaruite offers environmental benefits due to its sulfur-free nature, eliminating the need for smelting or roasting, resulting in lower carbon emissions, non-acidic tailings, and high payability.

The company is set to begin its fully funded and permitted Phase 2 Drill Program, focusing on expanding the RPM Zone. Drill assay and metallurgical results from recent holes are expected in the coming weeks.

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