- Canada is recognized globally as an oil and gold powerhouse, but the country is also a world leader in other metals, a trend that looks to be gaining steam
- With strategic acquisitions, Fathom Nickel has assembled a dominant land position in Saskatchewan’s Trans-Hudson Corridor, positioning the company to become a leading nickel provider in the sustainable energy market
- Data continues to show mineralization open on strike and at depth, with evidence that the deposits may be interconnected as part of one massive system
A surge in exports in June confounded pundits that called for Canada to experience a fourth straight monthly trade shortfall. Canada unexpectedly posted a C$638 million trade surplus in June, driven primarily by increased crude oil shipments facilitated by the expanded Trans Mountain pipeline and a surge in gold exports.
Canada’s recent export data is a clear indicator of a relentless resource powerhouse. While the expansion of oil pipelines has undoubtedly contributed to this growth, the country’s potential extends far beyond black gold and the long-cherished precious metal.
Nickel, a critical component in the burgeoning electric vehicle (“EV”) industry, is a prime example. Canada is already the world’s largest nickel producer outside of Asia, a position that grants it an unparalleled advantage in supplying the global green transition, particularly as domestic assets increasingly gain importance. While the EV market has faced some headwinds, the long-term trend towards electrification remains undeniable. Beyond batteries, nickel is essential for various other green technologies, ensuring a robust and sustained demand for this critical mineral.
Among the companies vying for a significant share of this growing market, Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) emerges as a particularly promising contender.
Fathom’s strategic focus on Canada’s prolific nickel-copper belts places it in an enviable position. The company’s exploration and development efforts are concentrated in regions renowned for their high-grade mineralization, a factor that significantly enhances its potential for discovering and developing substantial nickel deposits. This geographic advantage, coupled with the company’s technical expertise and financial prudence, sets Fathom Nickel apart from its peers.
The Calgary-based company has a portfolio of three high-quality exploration projects covering more than 122,000 hectares in the prolific Trans-Hudson Corridor in Saskatchewan:
- Albert Lake Project: a 90,000+ hectare project that was host to the historic and past producing Rottenstone Mine (produced 28,724 tons @3.3% Ni, 1.8% Cu, 9.63 g/t 3E (Pd-Pt+Au) 1965-1969)
- Gochager Lake Project: a 22,000+ hectare that is host to a historic, NI 43-101 non-compliant open pit resource consisting of 4.3 million tons at 0.295% Ni and 0.081% Cu
- Friesen Lake Project: a 10,000+ hectare located 40 kilometers southwest of the historic Rottenstone Mine and 30 kilometers northwest of the historic Gochager Lake deposit
The Trans-Hudson Corridor is renowned for its rich mineral deposits where geological processes over millions of years created ideal conditions for high concentrations of valuable minerals. This orogeny, spanning parts of Canada and the United States, is a hotspot for mining and exploration due to its complex geological history that has produced some of North America’s most recognizable mines, spanning, gold, base metals, and other minerals.
The geological processes that formed the Trans-Hudson Corridor over millions of years created the ideal conditions for the concentration of valuable minerals. This unique setting, combined with the region’s accessibility and political stability, has made it a highly attractive destination for Fathom to assemble the dominant land portfolio in the region.
Fathom’s approach continues to produce data suggesting that the company could be sitting on a massive nickel structure. The collection of recent press releases provides evidence that not only is the nickel deposit large, but it could also be much bigger than initially thought. The latest evidence considers only two areas of interest: Gochager Lake deposit and historic Mal Lake Nickel occurrence, which are about 6 miles apart.
A re-examination of historic data from Mal Lake drill core showed the two have a similar nickel tenor, similar nickel-to-copper ratio, similar nickel-to-cobalt ratio, and similar mineralized mafic intrusions. In non-geologist speak, that means the two may not be two after all, but simply different parts of one connected nickel deposit.
The company is finalizing the next stage of development at Gochager Lake, which will include drilling thanks to the recent receipt of a permit allowing for 60 drillholes and a 25-person camp at the project.
Similar exploration discoveries are happening at the Albert Lake Project, where Fathom’s methodical approach is proving the existence of historic mineralization and expanding it along strike and at depth. With repetitive interpretations of data, it is unsurprising that Fathom made the move to acquire the Friesen Lake Ni-Cu-Pt showing that is nearby Gochager Lake and Albert Lake, as well as adjacent to the Toppings Lake Cu-Ni showing and close to the recent discovery of Ramp Metals that caused the stock to skyrocket.
Add it up and Fathom Nickel’s strategic positioning, combined with its dedication to sustainable practices, makes it a company to watch closely. As the world transitions towards a greener future, the demand for nickel will only continue to grow, and companies like Fathom Nickel, with their focus on exploration and development in prime locations, are ready to capitalize on the opportunity to become a dominant player in the global supply chain of critical minerals.
For more information, visit the company’s website at www.FathomNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to FNICF are available in the company’s newsroom at https://ibn.fm/FNICF
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