Thursday, June 27, 2024

Breaking News: First Atlantic Nickel Corp. (FANCF) Appoints World-Renowned Nickel Expert

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Immediately Start Your Research on First Atlantic Nickel Corp. (FANCF)

Strategic Military Importance: Nickel Vital For Military Tech, Jet Engines, Armor Plating (U.S. DoD).

Stable Supply Chain: First Atlantic Nickel Corp. (FANCF) Aims To Reduce

North America's Reliance On Overseas Nickel.

Rising Demand: Tesla's 125,000 Cybertrucks/Year Needs 32,600

Tonnes Of Nickel.

Sustainable Energy Transition: Nickel Demand To Rise 140x By 2040.

Breaking News: First Atlantic Nickel Corp. (FANCF) Appoints World-Renowned Nickel Expert

June 27, 2024

Dear reader,

First Atlantic Nickel Corp. (FANCF) has announced the appointment of Dr. Ron Britten, a world-renowned nickel expert and recipient of the H.H. "Spud" Huestis Award, as Technical Advisor for its Atlantic Nickel Project in Newfoundland, Canada.

Dr. Britten, celebrated for discovering the Decar awaruite nickel project in British Columbia, brings over 40 years of expertise in nickel-iron alloy exploration and development.

His knowledge and experience will be crucial to advancing the 30km district-scale project.

In addition, First Atlantic has welcomed Mr. Rahim Kassim-Lakha, CEO of Blue Sail Capital, as Strategic Advisor. Kassim-Lakha, with over 28 years of global investment and capital markets experience, will guide the company's strategic decisions and corporate development efforts.

The company also announced the completion of a $2.1M financing round, led by a strategic investor who acquired a 9.98% equity stake.

This funding will support a planned 5,000m drilling campaign targeting significant nickel deposits within the Pipestone Ophiolite Complex.

See the full release here.

For our previous write up keep reading below:

Immediately turn your attention to First Atlantic Nickel Corp. (FANCF).

Since uplisting to the OTCQB, First Atlantic Nickel Corp. (FANCF) has surged approximately 65% within the last month.

Keep reading to see why you need First Atlantic Nickel Corp. (FANCF) at the top of your watchlist.

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

Nickel is one of these critical metals, especially as Tesla's insatiable demand for it skyrockets.

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

Tesla's ambitious production goals for its Cybertruck underscore the urgency of securing a reliable nickel supply.

At a recent shareholder meeting, Elon Musk revealed staggering targets: Tesla aims to produce 2,500 Cybertrucks per week by the end of 2024, translating to 125,000 Cybertrucks annually, with aspirations to ramp up to 375,000 units per year.

To achieve this, Tesla will require vast amounts of key battery metals, including 32,600 tonnes of nickel.

Modern tech and military demands have elevated nickel from an under-appreciated metal to a strategic asset. Essential for high-temperature aerospace alloys, stainless steel, and lithium-ion batteries, nickel's importance continues to surge.

The United States Department of Defense (DoD) has acknowledged nickel's significance in military applications such as jet engines, armor plating in tanks, and anti-aircraft firearms.

As the world transitions to sustainable energy solutions, the demand for minerals for storage could grow over 30 times between 2020 and 2040, with nickel and cobalt demand increasing by 140 times and 70 times, respectively.

Given the rising global demand, securing a stable nickel supply is imperative. One company is strategically positioning itself to reduce North America's dependence on overseas nickel sources amid global supply shortages.

Through its pursuit of this vital element, crucial for contemporary defense and technology, this under-the-radar company is preparing to meet increasing demands in pivotal industries.

That's why you need to pay attention to First Atlantic Nickel Corp. (FANCF).

First Atlantic Nickel Corp. (FANCF) is a Canadian mineral exploration company that owns 100% of the Atlantic Nickel Project, a 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 for both supply and processing, thereby enhancing supply chain security.

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

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.

Strategically located for integration 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 ideally situated for integration with the critical mineral stainless steel and EV markets.

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

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.

Drilling Confirmed

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

First Atlantic Nickel Corp. (FANCF) Identifies 30km Awaruite Nickel Trend

First Atlantic Nickel Corp. (FANCF) has just announced it completed a large-scale data compilation for its 21,850-hectare Atlantic Nickel Project in Central Newfoundland, Canada.

The extensive review covered the entire Pipestone Ophiolite Ultramafic Complex and identified a 30-km core trend with consistent, highly anomalous nickel concentrations.

This data compilation program involved examining over 700 regional exploration reports, digitizing 134 relevant reports, and incorporating 4,581 samples, 23 drill holes, and 115,859 assay results into their database.

Highlights

Acquisition: Between November 2023 and March 2024, First Atlantic secured 21,850 hectares encompassing the entire Pipestone Ophiolite Complex.
Data Compilation: Identified over 700 historical reports, digitizing 134, with significant data on prospecting, geological mapping, airborne geophysics, geochemistry, and drilling.
Nickel Trend: Outlined a 30-km trend with high nickel anomalies, correlating with the Pipestone Complex's high-magnetic ultramafic rocks.
Awaruite Nickel: Confirmed presence of awaruite (nickel-iron alloy) in rocks, tills, and drill core samples over the 30 km trend.
Priority Targets: Four priority targets identified for immediate follow-up: Atlantic Lake, Gulp Pond, Pipestone, and Chrome Pond.
Strategic Location: Project benefits from year-round road access, proximity to a hydroelectric dam, a temperate climate, and flat terrain.

CEO's Statement

Adrian Smith, CEO, emphasized the project's potential, stating, "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."

Project Details

The Atlantic Nickel Project spans 21,850 hectares and encompasses ancient ultramafic rocks dating back 494 million years, which have undergone serpentinization, facilitating the formation of awaruite nickel. The sulfur-free composition of awaruite eliminates the need for smelting, reducing toxic chemical release and enabling direct supply to end-users.

Expertise and Future Plans

Mike Piller, FAN Project Geologist, with extensive knowledge of the area's geology, highlighted the creation of a thorough geological database that will direct 2024 field programs and identify promising drill targets.

First Atlantic Nickel Corp. (FANCF) is strategically positioning itself into the supply chain to meet the surging demand for essential battery & industrial metals, ensuring a stable supply chain for critical industries and contributing to North America's energy independence.

As the global demand for nickel continues to rise, First Atlantic Nickel Corp. (FANCF)'s innovative approach and strategic location make it a key player in the future of sustainable energy and advanced technologies.

With Tesla's production ramping up and the critical need for nickel intensifying, First Atlantic Nickel Corp. (FANCF) is aiming to play a pivotal role in meeting these demands and securing the future of battery metals supply.

7 Reasons to Immediately Start Your Research on First Atlantic Nickel Corp. (FANCF)

1. Strategic Military Importance: Nickel is crucial for modern military technologies, including jet engines and armor plating, as acknowledged by the U.S. Department of Defense.

2. Stable Supply Chain: First Atlantic Nickel Corp. aims to reduce North America's dependence on overseas nickel sources, ensuring a stable and secure supply chain.

3. Rising Demand: With Tesla aiming to produce 2,500 Cybertrucks per week by the end of 2024, translating to 125,000 Cybertrucks annually, the need for 32,600 tonnes of nickel is critical.

4. Sustainable Energy Transition: As the world moves towards sustainable energy solutions, the demand for nickel and cobalt is projected to increase by 140 times and 70 times, respectively, between 2020 and 2040.

5. Advanced Exploration Projects: The Atlantic Nickel Project in Newfoundland and Labrador offers significant potential with a naturally occurring nickel-iron alloy, reducing the need for energy-intensive smelting.

6. Prime Mining Location: Located 40 km from Grand Falls-Windsor in a top-tier mining jurisdiction, the project benefits from existing road access and proximity to a clean hydroelectric power dam.

7. High-Potential Discoveries: Both the Atlantic Nickel Project and the Voiseys West Project have shown promising exploration results, with significant nickel values and multiple mineralized zones indicating district-scale potential.

First Atlantic Nickel Corp. (FANCF) presents a compelling case for immediate research, given its strategic importance and potential in the nickel market.

With nickel being crucial for modern military technologies, First Atlantic Nickel Corp. (FANCF)'s efforts to secure a stable and independent supply chain are more relevant than ever.

The rising demand from industry giants like Tesla, combined with the world's shift towards sustainable energy solutions, underscores the critical role nickel will play in the future.

First Atlantic Nickel Corp. (FANCF)'s advanced exploration projects in Newfoundland and Labrador promise significant potential, supported by naturally occurring nickel-iron alloys that reduce reliance on energy-intensive smelting processes. The prime location of their projects, with excellent infrastructure and proximity to clean energy sources, further enhances their strategic advantage.

Additionally, the promising discoveries at the Atlantic Nickel Project and the Voiseys West Project indicate substantial opportunities for growth.

As the demand for nickel continues to surge, First Atlantic Nickel Corp.

(FANCF) is positioning itself into the supply chain to meet this increasing need and contribute to North America's energy independence.

Immediately start your research on First Atlantic Nickel Corp. (FANCF).

Pull up (FANCF) right now and make sure it's on your watchlist early this morning.

Don't miss out on this one.

Sincerely,

Jeff Ackerman

Managing Editor, Stock News Trends

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