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Fathom Nickel ( (TSE:FNI) ) has provided an update.
Fathom Nickel Inc. plans to raise up to C$3 million through a best efforts, non-brokered private placement of charity flow-through units priced at C$0.048 and hard dollar units priced at C$0.031, with Crescat Capital LLC committing to take up to 20% of the financing. The funds will primarily support a 3,000–4,000-metre drill program at the company’s Gochager Lake property starting in mid to late February 2026, targeting an 8km-plus exploration corridor and advancing qualifying exploration expenditures under Canada’s critical mineral tax regime, while increasing Crescat’s ownership to an expected 18% and reinforcing strategic backing as Fathom ramps up fieldwork.
The most recent analyst rating on (TSE:FNI) stock is a Hold with a C$0.03 price target. To see the full list of analyst forecasts on Fathom Nickel stock, see the TSE:FNI Stock Forecast page.
Spark’s Take on TSE:FNI Stock
According to Spark, TipRanks’ AI Analyst, TSE:FNI is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue operations, ongoing losses, and negative free cash flow), partially offset by a low-debt balance sheet and improving loss trend. Technicals are supportive with price above major moving averages and a positive MACD, but momentum looks stretched (high RSI/Stoch), adding pullback risk. Valuation contributes little due to negative earnings and no dividend yield.
To see Spark’s full report on TSE:FNI stock, click here.
More about Fathom Nickel
Fathom Nickel Inc. is a Canadian mineral exploration company focused on nickel, copper and cobalt sulfide discoveries, with key activities centered on its Gochager Lake property. The company targets critical minerals in a improving nickel price environment, positioning itself within the battery metals supply chain and broader energy transition market.
Average Trading Volume: 398,506
Technical Sentiment Signal: Hold
Current Market Cap: C$7.05M
For an in-depth examination of FNI stock, go to TipRanks’ Overview page.