First Atlantic Nickel Secures $1M Financing for Exploration

ArcPacific Resources Corp ( (TSE:FAN) ) has provided an update.

First Atlantic Nickel Corp has successfully closed a $1 million charity flow-through financing at a premium price of C$0.49 per share, without issuing warrants or paying commissions. The funds will be used for Phase 2 drilling and exploration at the Atlantic Nickel Project, with the offering subject to TSX Venture Exchange approval. Additionally, the company has renewed its investor relations agreement with Xander Capital Partners Inc. to continue enhancing investor relations and market consulting services.

More about ArcPacific Resources Corp

First Atlantic Nickel Corp is a company involved in the exploration and development of nickel resources. It focuses on enhancing the resilience and security of North America’s domestic critical minerals supply chain through its projects, such as the Atlantic Nickel Project in Central Newfoundland.

YTD Price Performance: 11.36%

Average Trading Volume: 384,522

Technical Sentiment Signal: Hold

Current Market Cap: C$22.1M

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