First Atlantic Nickel & Cobalt Welcomes Former Director of the Office of Critical Minerals and Metals at the United States Department of Commerce, Gary Stanley, as Senior Strategic AdvisorGRAND FALLS-WINDSOR, Newfoundland and Labrador, July 01, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel & Cobalt Corp. (TSXV: FAN | OTCQB: FANCF | FSE: P210) (the “Company” or “First Atlantic”) is pleased to announce the appointment of Mr. Gary Stanley, former Director of the Office of Critical Minerals and Metals at the United States Department of Commerce, as Senior Strategic Advisor to the Company. Mr. Stanley served as the Department of Commerce’s first-ever office director dedicated to critical minerals and strategic metals, and was the lead coordinating author of the June 2019 Federal Critical Mineral Strategy, which helped establish the foundation for the current United States critical mineral supply chain policy. He brings more than 40 years of senior United States Department of Commerce experience in critical minerals, strategic metals, international trade policy, and supply chain security.
First Atlantic Nickel & Cobalt Produces High Grade Alloy Concentrate Up to 71.9% Nickel and 1.76% Cobalt from Its Pipestone XL Nickel-Cobalt Alloy Project, Using Its First-Ever ONSHORE MAX (Magnetic Alloy eXtraction) Recovery & Concentration Process,GRAND FALLS-WINDSOR, Newfoundland and Labrador, June 24, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel & Cobalt Corp. (TSXV: FAN | OTCQB: FANCF | FSE: P210) (“First Atlantic” or the “Company”) is pleased to report preliminary results from its proprietary ONSHORE MAX™ (Magnetic Alloy eXtraction) recovery and concentration process, which upgraded rock samples from the RPM Zone of its wholly owned Pipestone XL Nickel-Cobalt Alloy Project into a high grade alloy concentrate averaging 67.4% nickel and grading up to 71.9% nickel and 1.76% cobalt. The bench-scale test work was completed at SGS Canada Inc. (“SGS”) and represents the Company’s first metallurgical recovery and concentration test work on awaruite. The test work used a simple, two-stage process consisting of low-intensity magnetic separation (“LIMS”) followed by flotation. The Company has initiated the permitting process for a large-scale bulk sample at the RPM Zone to optimize and advance the ONSHORE MAX™ process toward a pilot-scale plant.
First Atlantic Nickel Drills Second Large-Scale Awaruite (Ni-Fe-Co Alloy) Discovery at Alloy Max North, Pipestone XL Project, 5.2 km North of RPM Zone - Visible Awaruite Over 414-Meter Drill Hole Ending in Open MineralizationGRAND FALLS-WINDSOR, Newfoundland and Labrador, June 15, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel & Cobalt Corp. (TSXV: FAN | OTCQB: FANCF | FSE: P21) (the “Company” or “First Atlantic”) is pleased to announce the visual results of the first drill hole at the Alloy Max Zone, the Company’s second large-scale awaruite (Ni₃Fe) nickel-cobalt alloy discovery. The Alloy Max Zone is located approximately 7 km north of the discovery at the RPM Zone within the 30 km Pipestone Ophiolite Complex at the Company’s Pipestone XL Nickel-Cobalt Alloy Project in central Newfoundland.
First Atlantic Highlights U.S. Dominance Act Passed by House: New Critical Minerals Bill Authorizes Equity Investment, Co-Financing, and U.S.-Priority Offtake for Allied Projects and Defines “Processed” as “A Metal, Metal Powder, or a Master Alloy” -GRAND FALLS-WINDSOR, Newfoundland and Labrador, June 11, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel & Cobalt Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") today commented on the passage by the U.S. House of Representatives of H.R. 7037, the Developing Overseas Mineral Investments and New Allied Networks for Critical Energies Act, also known as the DOMINANCE Act1. The bill passed the House on June 8, 2026. The bipartisan legislation is intended to strengthen U.S. energy security, reduce reliance on the People's Republic of China for critical minerals, and support more resilient supply chains with trusted allies and partners.
First Atlantic Nickel & Cobalt to Showcase Awaruite Nickel-Cobalt Alloy (Ni-Fe-Co) as an Official Exhibitor at Critical Minerals for Defence 2026 in Toronto - A Solution to Onshoring North American Critical Minerals by Bypassing Midstream SmeltingGRAND FALLS-WINDSOR, Newfoundland and Labrador, June 05, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel & Cobalt Corp. (TSXV: FAN | OTCQB: FANCF | FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it will participate as an official exhibitor at Critical Minerals for Defence, taking place on June 9 to 10, 2026, at the Marriott Downtown CF Toronto Eaton Centre. At its booth, the Company will showcase drill core and various samples of awaruite (Ni₃Fe), a naturally occurring magnetic nickel-iron-cobalt alloy, from its wholly owned Pipestone XL Nickel-Cobalt Alloy Project. Company personnel will be available throughout the conference to meet with government representatives, defence and industrial buyers, strategic partners, shareholders, and investors. As announced on May 21, 2026, electron microprobe analysis confirmed awaruite at the Company's RPM Zone averages 77.62% nickel and 1.69% cobalt.
First Atlantic Nickel Receives Supplemental Exploration Permit Authorizing Drilling and In-Ground Wellbore Injection to Advance Stimulated Geologic Hydrogen Initiative at the Pipestone XL Nickel-Cobalt Alloy Awaruite Project in NewfoundlandGRAND FALLS-WINDSOR, Newfoundland and Labrador, May 28, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel & Cobalt Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has received a supplemental exploration permit from the Government of Newfoundland and Labrador, Department of Industry, Energy and Technology, Mineral Lands Division, supplementing its existing drilling programs. The supplemental permit authorizes wellbore water injection with additional drilling for rock formation integrity testing, along with ground geophysics, at its wholly owned Pipestone XL Nickel-Cobalt Alloy Project, where the Company's primary focus remains the exploration and development of awaruite (Ni₃Fe), a naturally occurring nickel-iron-cobalt alloy and the project's primary mineral of economic interest.
First Atlantic Nickel & Cobalt Reports Electron Microprobe Analysis Returning 77.62% Nickel and 1.69% Cobalt in Awaruite at the RPM Zone, Pipestone XL Project: a Rare, Naturally Magnetic (Ni-Fe-Co) High-Grade Alloy Mineralogically Capable of BypassingGRAND FALLS-WINDSOR, Newfoundland and Labrador, May 21, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel & Cobalt Corp. (TSXV: FAN | OTCQB: FANCF | FSE: P21) (the "Company" or "First Atlantic") is pleased to announce that electron microprobe analysis conducted by SGS Canada in Lakefield, Ontario, as part of the Company's ongoing metallurgical program, has confirmed the high-grade nickel and cobalt content of the awaruite mineralization (Ni-Fe-Co Alloy) in the RPM Zone at its wholly owned Pipestone XL Project. The awaruite (Ni3Fe) averages 77.62% nickel and 1.69% cobalt, with peak grades of 86.68% nickel and 6.05% cobalt, based on 33 microprobe analyses of a master composite sample comprising 32 individual samples over 96 meters of drill core from AN-24-02 (258 m to 354 m) (the "Master Composite"). The analysis also determined that the source mineral for the chromium previously reported at the RPM Zone is chromite, grading 60.2% Cr₂O₃. Given the high grade of the RPM Zone chromite, the Company is now evaluating potential metallurgical processes to separate, concentrate, and process chromite.
