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FANCF
First Atlantic Nickel Corp.

468
Mkt Cap
$18.49M
Volume
42,925.00
52W High
$0.4447
52W Low
$0.075
PE Ratio
-11.94
FANCF Fundamentals
Price
$0.1472
Prev Close
$0.1421
Open
$0.152
50D MA
$0.1275
Beta
1.44
Avg. Volume
291,671.95
EPS (Annual)
-$0.0198
P/B
2.27
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First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is a critical mineral exploration company in Newfoundland & Labrador developing the Pipestone XL Nickel Alloy Project (formerly the Atlantic Nickel Project). The project spans the entire 30-kilometer Pipestone Ophiolite Complex, where multiple zones, including RPM, Super Gulp, Atlantic Lake, and Chrome Pond, contain awaruite (Ni₃Fe), a naturally occurring magnetic nickel-iron-cobalt alloy of approximately ~75% nickel with no-sulfur and no-sulfides, along with secondary chromium mineralization. Awaruite's sulfur-free composition removes acid mine drainage (AMD) risks, while its unique magnetic properties enable processing through magnetic separation, eliminating the electricity requirements, emissions, and environmental impacts of conventional smelting, roasting, or high pressure acid leaching while reducing dependence on overseas nickel processing infrastructure. The U.S. Geological Survey recognized awaruite's strategic importance in its 2012 Annual Report on Nickel, noting that these deposits may help alleviate prolonged nickel concentrate shortages since the natural alloy is much easier to concentrate than typical nickel sulfides[1]. The Pipestone XL Nickel Alloy Project is located near existing infrastructure with year-round road access and proximity to hydroelectric power. These features provide favorable logistics for exploration and future development, strengthening First Atlantic’s role to establish a secure and reliable source of North American nickel production for the stainless steel, electric vehicle, aerospace, and defense industries. This mission gained importance when the US added nickel to its critical minerals list in 2022[2], recognizing it as a non-fuel mineral essential to economic and national security with a supply chain vulnerable to disruption.
Sector:
Non Energy Minerals
Industry:
Other Metals Or Minerals
Employees:
N/A

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