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First Atlantic Nickel & Cobalt Corp.

TSXV:FANLive AI agent

First Atlantic Nickel & Cobalt Corp.

Investor website: https://fanickel.com/

About

First Atlantic Nickel & Cobalt Corp. is a Canadian mineral exploration company focused on developing the 100%-owned Atlantic Nickel Project in Newfoundland. The project features a unique nickel-cobalt alloy known as awaruite, which contains approximately 75% nickel and is notable for its ability to bypass traditional smelting processes, making it a strategic asset in the critical minerals market.

Verified company data

Mineral resource
The theoretical total CO2 storage capacity of 5.1 × 10^11 tonnes for the entire Bay of Islands Ophiolite Complex (BOIC) is equivalent to more than 13 years of global CO2 emissions based on 2022 output of 36.8 billion tonnes, and over 700 times Canada's annual emissions of approximately 670 million tonnes. The research indicates that brucite exhibits the highest CO2 conversion efficiency among ultramafic minerals, converting 0.63 metric tonnes of CO2 per tonne of mineral, which is the highest reactivity compared to olivine and serpentine/pyroxene.
Projects
["Rickard Gold Project: ACP is quickly advancing towards its initial planned and fully permitted drilling program at the Rickard gold project (the “Rickard Project”). The drilling will target the high grade gold shoots within the well-developed vein system present at the historic Rickard gold mine on the Rickard Project. Currently ACP is nearing completion of the 3D modeling of the historic underground workings on the property, and intends to utilize all historic information available to guide the upcoming drill program. The Rickard Project is located in the Abitibi greenstone belt in Ontario, Canada, approximately 70 kilometres from Timmins in the Timmins Gold Camp. This camp alone has produced over 80 million ounces of gold over the last 100 years, making it one of the most prolific gold camps in Canada. The Rickard Project sits within 25 to 60 kilometres of six currently producing gold mines and eight previous producers. Additional Rickard Project updates will be provided leading up to the commencement of the 2021 drilling program.","LMSL (Lucky Mike Silver Lode) Project: The LMSL project is an advanced exploration project with copper-gold and silver-lead-zinc targets and historic resources. The LMSL project is in south central British Columbia directly adjacent to Teck’s Highland Valley copper mine, and on trend with New Gold’s New Afton copper-gold mine, and Kodiak Coppers new MPD discovery. The Company is currently planning a drilling program for 2021 with proposed drill sites selected and permits pending. The initial proposed drill sites were selected based on the detailed analysis of extensive data compilation work including 11,306 rock, soil, silt and core samples containing 280,716 values for multiple elements, and multiple historic geophysical surveys. Independent analysis confirmed the presence of porphyry style alteration and porphyry geochemical signatures on the LMSL project. Historic samples from the LMSL project include up to 50.82 grams per tonne gold (grab sample), 5.25 grams per tonne gold over 2 meters (hole LM-2015-11 from 80 metres to 82 metres), 2,444.9 grams per tonne silver (grab sample), and 3.54 percent copper over 1 metre (chip sample).","Blackdome Property: Currently ACP geologists are mobilizing to the Blackdome Property for a helicopter supported chip-sampling and mapping program. The Blackdome Property is an epithermal gold-silver exploration target in Southern BC. The Blackdome Property is located north of the prolific Bralorne gold camp in southern BC which has produced over 4 million ounces and remains as an active gold mining camp."]
Leadership
Adrian Smith (CEO & Director, 15 years mining and exploration experience, significant experience building resource projects including a project taken from discovery to over 7 billion tonnes defined within two years.), Douglas Wicks (Strategic Advisor, Over 25 years of leadership across critical minerals processing and energy research, former Program Director at the U.S. Department of Energy.), Gary Stanley (Senior Strategic Advisor, Former Director of the Office of Critical Minerals and Metals at the U.S. Department of Commerce with over 40 years of experience.), Mike Piller (Project Geologist, 22 years of mining and exploration experience across various projects including nickel and gold.), Kosta Tsoutsis (Director, Over 20 years of finance and capital market experience.), Michael Collins (Independent Director, Professional Geologist with over 25 years of industry experience.), Jim Henning (CFO, Chartered accountant with extensive experience in financing and public offerings.), Robert Guzman (Head of Investor Relations, Founder & Managing Partner of Xander Capital Partners with over 30 years of experience in the financial sector.)

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