First Atlantic Nickel Announces Name Change to First Atlantic Nickel & Cobalt Ahead of the Washington DC Safe Summit, Reinforcing the Natural Cobalt Content of Awaruite - a Rare, Naturally Magnetic (Ni-Fe-Co) Alloy That Is Sulfur-Free and Can Bypass

GRAND FALLS-WINDSOR, Newfoundland and Labrador, April 27, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN | OTCQB: FANCF) (the "Company" or "First Atlantic") is pleased to announce that it will change its name to First Atlantic Nickel & Cobalt Corp. (the "Name Change"), effective April 29, 2026, to reinforce the natural cobalt content of awaruite. Awaruite (Ni₃Fe) is a rare, naturally magnetic nickel-iron-cobalt (Ni-Fe-Co) alloy mineral with a high grade of nickel content. The Company's Pipestone XL project in Newfoundland hosts broad zones of widely disseminated awaruite nickel and cobalt mineralization.