First Atlantic Nickel reports DTR test results showing potential for westward expansion of mineralized area.

From GlobeNewswire: 2025-04-15 06:00:00

First Atlantic Nickel Corp. announces Davis Tube Recovery (DTR) metallurgical test results yielding a magnetic concentrate averaging 1.32% nickel and 1.95% chromium across the entire 216-meter length of drill hole AN-24-03. The final 21 meters of the hole returned increasing DTR nickel grades, suggesting strong potential for westward expansion of the mineralized area.

The DTR test results from AN-24-03 confirm that awaruite nickel can be effectively concentrated through magnetic separation, marking a significant step toward establishing a smelter-free metallurgical process. This approach could reduce reliance on foreign smelters and help grow a resilient North American Nickel Supply chain.

The Company’s Phase 2 drilling plans aim to penetrate the fault zone encountered in AN-24-03 using more powerful equipment. The fault zone, with increased water permeability, likely enhances serpentinization and awaruite formation, indicating a new high-grade drill target west of the RPM Zone. Magnetic separation effectively reduced the initial rock mass by 90.88%.

First Atlantic Nickel Corp. is strategically developing the Atlantic Nickel Project, located in Newfoundland, Canada. The Project’s awaruite nickel alloy eliminates the need for costly secondary processing, reducing dependency on foreign smelters. The Company aims to contribute to a secure North American critical minerals supply chain for the electric vehicle and stainless steel industries.



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