Fathom Nickel (CSE:FNI) - High-Grade Nickel Exploration in Saskatchewan

Company Interviews

Interview with Ian Fraser, VP Exploration & CEO of Fathom Nickel Inc.

Recording date: 4th June 2024

Fathom Nickel Inc. (CSE:FNI), a Calgary-based exploration company, presents a unique investment opportunity for those seeking exposure to the rapidly growing nickel market. The company's focus on high-grade nickel projects in the stable and mining-friendly jurisdiction of Saskatchewan, Canada, positions it well to capitalize on the increasing demand for this critical metal driven by the global shift towards electrification and decarbonization.

Fathom Nickel's primary assets include the Albert Lake project, which hosts the historic Rottenstone mine with impressive grades of 3% nickel, 2% copper, and up to 10 g/t of platinum group elements (PGEs), and the recently acquired Gochager Lake project. The company has made significant progress in understanding the high-grade mineralization at Gochager Lake, with 16 drillholes totaling 5,543 meters have been completed to date and results of 2.43% Ni, 0.51% Cu and 0.18% Co.

Led by CEO Ian Fraser, a geologist with over 35 years of experience, Fathom Nickel's management team has a proven track record of exploration success and value creation. The company plans to focus its exploration efforts on the Gochager Lake project over the next 12 months, aiming to drill 10,000 to 15,000 meters to further delineate the deposit and build upon the historic resource estimate of 4 million tons grading 3% nickel.

Since going public in May 2021, Fathom Nickel has raised over $20 million to fund its exploration activities. Despite recent market volatility, the company remains focused on allocating capital efficiently and minimizing dilution for shareholders. As the nickel market is expected to face significant supply deficits in the coming years, Fathom Nickel's high-grade projects and strong management team make it an attractive takeover target for larger mining companies seeking to secure high-quality nickel assets.

The outlook for the nickel market is promising, driven by the growing demand for electric vehicles and the need for secure, domestic supply chains. As governments and corporations set ambitious targets for reducing greenhouse gas emissions, the need for sustainable and ethically sourced nickel is becoming increasingly critical. Fathom Nickel's projects in Saskatchewan are well-positioned to benefit from this growing demand, particularly given the proximity to the United States and the increasing focus on North American supply chain security.

In conclusion, Fathom Nickel represents a compelling investment opportunity for those looking to gain exposure to the growing nickel market. With high-grade projects, an experienced management team, and a favorable jurisdiction, the company is poised to create value through exploration success and potential M&A. As the world transitions to a low-carbon future, Fathom Nickel is well-positioned to play a significant role in supplying the critical metals needed to power this transformation.

View Fathom Nickel's company profile: https://www.cruxinvestor.com/companies/fathom-nickel

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