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An announcement from Fathom Nickel ( (TSE:FNI) ) is now available.
Fathom Nickel has increased the size of its previously announced non-brokered private placement to C$3.75 million, reflecting strong investor demand, with Crescat Capital committing to at least 10% as a strategic investor. The company plans a 3,000–4,000-metre winter diamond drilling program starting in mid to late February 2026 at its Gochager Lake project, targeting extensions of the historic deposit, high Ni-tenor mineralized gabbro up to 3.5 km along strike, and large multi-element soil anomalies, with all holes to be surveyed using borehole electromagnetic tools to refine high-grade nickel-copper-cobalt sulphide targets and potentially enhance the project’s scale and economic prospects.
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 fundamentals: the company is pre-revenue with ongoing losses and negative free cash flow despite an improving loss trend. This is partially offset by a relatively strong balance sheet with minimal debt and a positive technical setup with price trading above key moving averages and supportive momentum indicators.
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 sulphide deposits, with its key activities centered on advancing the Gochager Lake project in Saskatchewan. The company targets magmatic sulphide mineralization within gabbroic and ultramafic rocks, using geophysical, geochemical and geological tools to expand and define its resource potential along strike from a historic deposit.
Average Trading Volume: 435,607
Technical Sentiment Signal: Buy
Current Market Cap: C$8.05M
For a thorough assessment of FNI stock, go to TipRanks’ Stock Analysis page.