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ArcPacific Resources Corp ( (TSE:FAN) ) just unveiled an announcement.
First Atlantic Nickel Corp. has been awarded a $150,000 grant from the Province of Newfoundland & Labrador’s Junior Exploration Assistance program to support its Atlantic Nickel Project. This funding will aid in the exploration of critical minerals, particularly focusing on the environmentally friendly extraction of awaruite, a sulfur-free nickel-iron alloy. The project aims to expand its successful Phase 1 drilling, which revealed significant nickel mineralization, by launching a fully funded Phase 2 Drill Program. The initiative aligns with Newfoundland & Labrador’s strong mining investment climate, as the region is recognized as a top global destination for mining exploration.
More about ArcPacific Resources Corp
First Atlantic Nickel Corp. operates in the mining industry, focusing on nickel exploration. Its primary project is the Atlantic Nickel Project, a district-scale nickel project located in central Newfoundland, which benefits from existing infrastructure and clean energy sources. The project targets the Pipestone ophiolite complex, known for its nickel, chromium, and cobalt-rich serpentinized ultramafic rocks.
Average Trading Volume: 352,577
Technical Sentiment Signal: Hold
Current Market Cap: C$19.44M
Find detailed analytics on FAN stock on TipRanks’ Stock Analysis page.