Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
ArcPacific Resources Corp ( (TSE:FAN) ) has shared an update.
First Atlantic Nickel has reported positive assay and metallurgical results from the final four holes of its Phase 2X drilling program at the RPM Zone within the Pipestone XL project, increasing the zone’s strike length by 50% to more than 1.2 kilometres and its width to over 800 metres. All 14 holes at RPM have confirmed magnetically recoverable awaruite mineralization, outlining a substantial footprint for resource drilling and reinforcing the potential for a large-scale, bulk-tonnage deposit that could feed a mine-direct-to-refinery supply chain and bypass traditional smelting constraints in North America; the company has also accelerated its Winter 2026 drill program using proceeds from a recent $2.6 million financing, aligning its growth plans with rising policy and market focus on secure, low-carbon domestic sources of nickel and cobalt.
More about ArcPacific Resources Corp
First Atlantic Nickel Corp. is a mineral exploration company focused on developing the Pipestone XL Nickel-Cobalt Alloy Project in central Newfoundland. The company is targeting large-scale, bulk-tonnage awaruite (nickel-iron-cobalt alloy) mineralization that can be processed onshore through magnetic separation and flotation, positioning itself as a potential North American supplier of nickel and cobalt for critical infrastructure, defense, and battery energy storage markets.
Average Trading Volume: 319,234
Technical Sentiment Signal: Buy
Current Market Cap: C$27.91M
See more data about FAN stock on TipRanks’ Stock Analysis page.