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ArcPacific Resources Corp ( (TSE:FAN) ) has shared an announcement.
First Atlantic Nickel Corp., a company engaged in the exploration and development of nickel resources, has announced the expansion of its Phase 2X drilling program at the RPM Zone within the Pipestone XL Nickel Alloy Project in Newfoundland. The company has achieved a 100% success rate in discovering magnetically recoverable awaruite nickel alloy in all ten RPM Zone discovery holes. The expansion involves four additional drill holes aimed at extending the drill-confirmed strike length and width, potentially enhancing the project’s contribution to a North American nickel supply chain. This development could lead to a more sustainable and secure onshore supply chain for nickel, bypassing traditional energy-intensive processing methods.
More about ArcPacific Resources Corp
Average Trading Volume: 255,857
Technical Sentiment Signal: Sell
Current Market Cap: C$18.17M
For a thorough assessment of FAN stock, go to TipRanks’ Stock Analysis page.