First Atlantic Nickel Reports Initial Phase 2 Drill Results: Deepest Drill Hole to Date at RPM Zone Returns 1.27% Awaruite Nickel Alloy (Ni₃Fe) in Magnetic Concentrate Over 447 Meters

GRAND FALLS-WINDSOR, Newfoundland and Labrador, Aug. 13, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") reports assays and Davis Tube Recovery (“DTR”) metallurgical test results from drill hole AN-25-06, the first hole reported in the Phase 2 drill program at the RPM Zone, part of the district-scale Atlantic Nickel Project (the "Project") in Newfoundland. Drill hole AN-25-06 is the deepest and the longest drilled to date at the RPM Zone. The hole returned a continuous interval of 447.35 meters averaging 1.27% nickel and 1.69% chromium in magnetic concentrate, with a mass pull of 9.02%. This corresponds to an average magnetically recoverable DTR nickel grade of 0.11% over the interval, with total nickel recovery averaging 51.84%.

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