First Atlantic Nickel Receives Junior Exploration Assistance Grant from Province of Newfoundland and Labrador

VANCOUVER, British Columbia, May 06, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") expresses its gratitude to the Province of Newfoundland & Labrador for awarding the Company the maximum grant of $150,000 through the Junior Exploration Assistance (JEA) program. The funding will support critical mineral exploration at the Company's Atlantic Nickel Project (the “Project”), a 100%-owned, district-scale nickel project strategically located in central Newfoundland, with access to infrastructure including roads and clean hydro-grid power. The Project spans the entire 30 km Pipestone ophiolite complex, which hosts serpentinized ultramafic rocks enriched in nickel, chromium and cobalt. The primary nickel mineral is awaruite, a sulfur-free, naturally occurring nickel-iron alloy (Ni₃Fe) composed of approximately 75% nickel.

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