02/03/2024
Fathom Nickel Inc. (OTCQB: FNICF | CSE: FNI) DD Overview
Fathom Nickel Inc. is a mineral exploration and development company with a focus on clean energy metals including nickel, copper, platinum and palladium. The Company is currently in the pre-production stage.
FATHOM NICKEL INC.
730
521 - 3rd Avenue SW
Calgary, AB T2P 3T3
Canada
Principal Executive Offices:
730
521 - 3rd Avenue SW
Calgary, ALB T2P 3T3
Canada
www.fathomnickel.com
+1 403 870 4349
[email protected]
Projects:
Albert Lake Project
The Albert Lake property consists of thirty-one, contiguous, 100% owned mineral claims covering a combined 90,459 hectares.
The Albert Lake property is located within the Rottenstone Domain which defines the western margin of the Trans Hudson Corridor. With the acquisition of the Tremblay-Olson Claims in Summer of 2022; the Albert Lake property consists of thirty-one, contiguous, 100% owned mineral claims covering a combined 90,460 hectares. The property is host to the historic Rottenstone Mine, a past producer of high-grade magmatic nickel sulphide mineralization. The Saskatchewan Mineral Deposit Index (report #0958) reports that mining produced 26,057 tonnes with an average grade of 3.28% Ni, 1.83% Cu and 9.63 g/t 3PE (Pd-Pt+Au) from estimated resources that range from 45,000 tons to 60,000 tons*. Mining occurred from an open pit operation 1965 – 1969 on the eastern shore of Rottenstone Lake.
Gochager Lake Property
The Gochager Lake property, consists of 34 contiguous mineral claims totalling 22,620 hectares.
The location of the Gochager Lake property is very near to the border of the interpreted Rottenstone and La Ronge Domains and like at Albert Lake property, both domains are within the Trans Hudson Corridor. The Gochager Lake property consists of 35 contiguous mineral claims totaling 22,260 Ha. The property is host to the historic Gochager Lake nickel-copper-cobalt deposit (estimated to be 4,262,400 tons grading 0.295% Ni and 0.081% Cu*), the Mal Lake nickel occurrence (drilling in 1967 defined nickel mineralization of 1.11% Ni, 0.24% Cu / 7.9 meters (including 1.62% Ni, 0.30% Cu / 1.4m) **), and the Borys Lake VMS, zinc-lead-copper deposit (1,336,500 tons grading 1.91% combined zinc and lead***).
The Gochager Lake deposit;, defined by drilling 1967-1970 is a magmatic nickel sulphide type deposit hosted within a differentiated gabbro – metagabbro unit. Historic drilling: specifically, drillhole I-12 (drilled 1967), reported grades of; 0.581% Ni, 0.113% Cu over a width of 290.4 meters. Two drillholes drilled in 2018 confirmed the presence of semi-massive to massive sulphide mineralization within the historic deposit. This is critical as it provided very good evidence that borehole electromagnetic surveys (BHEM) can be utilized at the Gochager Lake property. Along with the Option Agreement on the original Gochager Lake property and the acquisition of the Watts Lake property came very valuable historical data, notably airborne geophysical data. From this data, interpretation is on going, the Company is developing several exploration models and targets.
Leadership:
Ian Fraser, P.Geo. - CEO, VP Exploration, Director
Ian Fraser boasts 35+ years of global mineral exploration leadership. His successes include exploration to development at Casa Berardi Gold Mine (Hecla Mining, PQ), Chief Geologist Komis Gold Mine (Waddy Lake Resources, SK), and Cisneros Gold Mine (Antioquia Gold, Colombia SA). He also has a history as a consultant working for previous operators of both projects in the Fathom portfolio. As CEO, VP Exploration, Director relying on his 35+ years in the junior exploration space, he brings proven leadership, experience, and successes to the Company. Mr. Fraser holds a B.Sc. in Geology and a P.Geo. designation.
Doug Porter, CPA, CA, CBV
President, CFO, Director
Doug Porter is a seasoned financial executive with over 30 years experience in business valuation, financial consulting and management of both private and public companies. He has been the CFO and/or director of several resource and service companies trading on the TSXV and CSE since 2006. He was the CFO of three companies whose liquidity event involved a sale to large industry players. Mr. Porter is a Chartered Professional Accountant (CA-CPA) and a Chartered Business Valuator (CBV).
Mark Cummings, CPA, CA
Director
Mark Cummings is a seasoned senior executive with hands-on proficiency in operations, HR, corporate governance, and general management. Currently the Chief Executive Officer of Zavida Coffee Co., a BDG Capital portfolio company, Mr. Cumming’s expertise is underscored by his extensive experience and leadership roles.
Eugene Chen
Director
Eugene Chen, a Partner at McLeod Law LLP, brings over 25 years of expertise as a securities, corporate finance, and mergers & acquisitions lawyer. His deep experience lies in advising emerging and growth-oriented companies on corporate finance, securities, and mergers & acquisitions at both national and international levels.
John Morgan
Director
John Morgan, a senior mining executive, holds a B.Sc. in Geology from the University of British Columbia. With over 35 years of experience, he has progressively managed domestic and international mining operations. His track record includes roles as Director at Grande Cache Coal and as a co-founder and executive at Atlantic Gold.
Recent News:
FATHOM ANNOUNCES COMMENCEMENT OF EXPLORATION AT ALBERT LAKE PROJECT AND SELECTION FOR PARTICIPATION AT AME ROUNDUP CORE SHACK
https://fathomnickel.com/fathom-announces-commencement-of-exploration-at-albert-lake-project-and-selection-for-participation-at-ame-roundup-core-shack/
FATHOM NICKEL ANNOUNCES THE CLOSING OF THE FIRST TRANCHE OF PRIVATE PLACEMENT
https://fathomnickel.com/fathom-nickel-announces-the-closing-of-the-first-tranche-of-private-placement/
Fathom Nickel Announces $4.5 Million Private Placement
https://fathomnickel.com/fathom-nickel-announces-4-5-million-private-placement/
Financials:
OTCQB: $FINCF
Stock Price: $0.0935
Market Cap: $11,916,484
52-week Range: 0.03 - 0.2634
Avg. Volume: 100,949
$FNI.CN
Stock Price: $0.13
