InvestorWire NewsRoom


Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Poised to Play an Important Role in Powering the Globe’s Energy Transformation
March 4, 2024

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Poised to Play an Important Role in Powering the Globe’s Energy Transformation

  • Nickel demand as a green energy metal is expected to continue growing exponentially over the coming years and decades as the world continues its electrification revolution towards net-zero emissions
  • Nickel is expected to witness continued demand from EV manufacturers, with the average EV containing upwards of 25 kilograms of nickel, as well as many other emerging battery uses and technologies
  • High-grade sulfide nickel deposits are low in carbon intensity and make for cleaner, safer mines than Indonesian or Chinese sources, with carbon emissions 5-10x higher than Canadian high-grade nickel, not to mention many other environmental issues
  • Fathom Nickel are seeking to participate in this move through the discovery and eventual development of two high quality magmatic nickel sulfide deposits located in Canada’s Saskatchewan region

Climate change has become an undeniable force around the globe, with news of widespread droughts, record temperatures, forest fires, and ravaged agricultural harvests increasing in frequency. In response, global leaders came together during 2021’s COP26 event in Glasgow to propose a global Net Zero initiative, aimed towards achieving a balance between global greenhouse gas (“GHG”) emissions and those being removed from the atmosphere. While a number of countries have since published their own legislation, detailing the measures and timeframes through which they expect to achieve a net zero status, there is a common consensus amongst all – the change will not be easy. Forecasts by the International Energy Agency now suggest that to reach global net zero emissions by 2050, annual clean energy investment around the globe will need to more than triple to approximately $4 trillion per annum by 2030 (

The shift away from fossil fuels and towards renewable energy sources is resulting in a spending surge, which is set to directly benefit businesses entrenched within the global renewable energy supply chain; in particular, commodities such as nickel – a critical component within green energy technologies – are poised to witness a dramatic uptick in demand.

The average battery electric vehicle (“EV”) today contains approximately 25.3 kilograms of nickel, with carmakers continuing to opt for high-nickel content batteries to deliver long-range performance, whilst increasingly extending use of these batteries to entry level models as well. Meanwhile, the Adams Intelligence EV Battery Capacity and Battery Metals Tracker, which also includes plug-in and conventional hybrid vehicles within their study, revealed that the average nickel content across the electric vehicle universe had risen by 8% YoY as of July 2023, reaching just over 25 kilograms per vehicle sold (

Whilst the manufacture of wiring and stainless steel continue to rank amongst the principal uses of nickel, nickel-cadium and nickel-metal hydride batteries are increasingly taking share; the global demand for nickel derived from electric vehicle batteries alone is forecast to grow from 60 thousand tons in 2018 to a relatively significant 665 thousand tons by 2025 (, accounting for approximately 21% of annual global nickel consumption. 

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), a Calgary-based Canadian natural resource exploration and resource development company, is looking to target high-grade nickel sulfide developments, for use in the rapidly growing electric vehicle market. Led by a management team boasting over 100 years of combined mining and exploration experience and having raised gross proceeds of approximately C$7.5 million over the past six months to fund its incremental exploration work, Fathom Nickel have set their sights on developing two key nickel projects – the Albert Lake Project and the Gochager Lake Project, respectively.

Albert Lake hosts the historic Rottenstone Mine, which operated for roughly 5 years in the 1960s.  The Rottenstone Mine was one of the highest-grade polymetallic nickel deposits in Canadian history, with an average grade of some 3.28% Ni, 1.83% Cu, and 9.63 gpt Pd+Pt+Au. Today, Fathom Nickel’s Albert Lake Project comprises some 90,460 hectares of land in north-central Saskatchewan, over 80,000 hectares of which remains unexplored. With the site nestled within the prolific Trans Hudson Orogeny Corridor, Fathom Nickel have plans to drill high-priority targets surrounding the historic Rottenstone Mine whilst simultaneously carrying out further surface geophysical programs and mapping and prospecting tasks during the upcoming summer season.

Gochager Lake Property

Similarly positioned within Saskatchewan’s Trans Hudon Corridor, the 22,620-hectare Gochager Lake Project has previously played host to a historic resource identified in 1967, comprised of 4.2M tons of 0.29% Ni and 0.08% Cu grade. Fathom has recently uncovered robust borehole electromagnetic (“BHEM”) responses in 8 out of 9 holes drilled in 2023, with strong evidence of multiple, high-grade nickel-copper-cobalt chutes within the area’s historic deposits.

With total EV sales anticipated to swell from 2.5 million vehicles in 2020 to a massive 31.1 million electric automobiles in 2030, EV’s are expected to comprise as much as 32% of total new vehicle sales within the next 6 years. Moreover, and with nickel-based technologies expected to comprise an ever-greater proportion of EV batteries going forward given its ability to support higher performance and greater mileage, Fathom Nickel are well situated to capitalize on the world’s ongoing energy transition transformation and provide clean, green, Canadian nickel.

For more information, visit the company’s website at

NOTE TO INVESTORS: The latest news and updates relating to FNICF are available in the company’s newsroom at

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published:

Los Angeles, CA
310.299.1717 Office
[email protected]

InvestorWire is powered by IBN

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(862) 930-1404

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).