• Fathom Nickel (FNI) has announced a private placement for gross proceeds of up to $1,650,000
  • The company will issue up to 27,500,00 flow-through common shares for $0.06 per share
  • Gross proceeds will be used for exploration expenses at the company’s Albert Lake and Gochager Lake projects in Saskatchewan
  • The offering is expected to close on or about December 21, 2022
  • Fathom Nickel is a resource exploration and development company
  • Fathom Nickel Inc. (FNI) is unchanged on the day, trading at C$0.06 per share at 1 pm ET

Fathom Nickel (FNI) has announced a private placement for gross proceeds of up to $1,650,000.

Under the proposed offering, the company will issue up to 27,500,00 flow-through common shares for $0.06 per share.

The company will use the gross proceeds to fund exploration at the company’s Albert Lake Project and the Gochager Lake Project, located in Saskatchewan.

The offering is expected to close on or about December 21, 2022.

Fathom Nickel is a resource exploration and development company that is targeting high-grade nickel sulphide discoveries for use in the rapidly growing global electric vehicle market.

Fathom Nickel Inc. (FNI) is unchanged on the day, trading at C$0.06 per share at 1 pm ET.

More From The Market Online
A gold bar from Dynacor Group's ore processing facility in Peru.

Green flags galore: Why to invest in Dynacor Group today

Gold stock Dynacor Group (TSX:DNG) announces a monthly dividend of C$0.01167 per share for August 2024 with eyes on further growth.
European minerals

Euro Sun Mining completes Critical Raw Materials Act submission

Euro Sun Mining (TSX:ESM) applies to the European Commission for the Rovina Valley Project under the Critical Raw Materials Act.
Drill rig at Corrales target zone on Coppernico Metals' Sombrero project in Peru.

Coppernico Metals begins drilling in Peru with TSX debut in sight

Coppernico Metals begins a drilling program at its Sombrero copper-gold project in Peru, setting the stage for a listing on the TSX.
Gold from Cascadia Minerals' outcrop sampling at its Catch property in the Yukon.

Three Canadian junior mining stocks positioned to thrive

Investors in Canadian junior mining stocks need some of the sturdiest stomachs in the market, but could end up earning multi-bagger returns.