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An update from ArcPacific Resources Corp ( (TSE:FAN) ) is now available.
First Atlantic Nickel Corp. has announced a non-brokered private placement financing to raise up to C$1,073,198 through the issuance of charity flow-through shares. The proceeds will fund the company’s Phase 2 drilling and exploration program at the Atlantic Nickel Project in Central Newfoundland. This initiative aligns with the company’s strategy to leverage awaruite’s unique properties, which offer a cleaner and safer processing alternative to conventional nickel sources. This could potentially help North American electric vehicle manufacturers meet stringent critical mineral requirements and reduce dependence on foreign entities for nickel processing.
More about ArcPacific Resources Corp
First Atlantic Nickel Corp. operates in the mining industry, focusing on the exploration and development of nickel resources. The company is particularly involved in projects that enhance the resilience and security of North America’s domestic critical minerals supply chain, with a focus on environmentally safe solutions like awaruite, a sulfur-free nickel-iron alloy.
YTD Price Performance: 16.28%
Average Trading Volume: 367,520
Technical Sentiment Signal: Sell
Current Market Cap: C$22.52M
See more data about FAN stock on TipRanks’ Stock Analysis page.