Fathom Realty(FTHM)
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Fathom Nickel Announces the Closing of the Second and Final Tranche of Upsized C$4 Million Private Placement
TMX Newsfile· 2026-02-26 23:43
Core Viewpoint - Fathom Nickel Inc. has successfully closed the second and final tranche of its upsized non-brokered private placement, raising a total of C$3,999,999 through the issuance of various units, which will fund exploration activities at the Gochager Lake Project in Saskatchewan [1][5]. Group 1: Offering Details - The second tranche of the upsized offering involved the issuance of 24,970,947 non-flow through units (NFT Units) at a price of C$0.031, generating gross proceeds of C$774,099 [1]. - The first tranche raised C$2,500,000 through the issuance of 52,083,334 charity flow-through units (Charity FT Units) at C$0.048 and 48,387,076 NFT Units at C$0.031 [1]. - The total gross proceeds from both tranches amounted to C$3,999,999 [1]. Group 2: Unit Composition - Each NFT Unit consists of one common share and one transferable common share purchase warrant, exercisable for 36 months at an exercise price of C$0.05 [2]. - Each Charity FT Unit includes one flow-through common share and one transferable common share purchase warrant, also exercisable for 36 months at the same exercise price [3]. Group 3: Use of Proceeds - Proceeds from the Charity FT Units will be allocated to eligible Canadian exploration expenses related to the Gochager Lake Project, with a focus on flow-through critical mineral mining expenditures [5]. - The net proceeds from the NFT Units will be utilized for exploration and development of mineral projects, as well as for working capital and general corporate purposes [6]. Group 4: Institutional Investment - Approximately 52% of the gross proceeds raised in the upsized offering came from institutional investors, including follow-on investments from Crescat Capital LLC and Plethora Precious Metals Fund, along with a significant order from a new European-based institutional investor group [5]. Group 5: Company Overview - Fathom Nickel Inc. is focused on exploring magmatic nickel sulphide deposits to secure critical mineral supplies for North America and support the global green energy transition [9]. - The company has three high-quality exploration projects in Saskatchewan: Albert Lake, Gochager Lake, and Friesen Lake, with the Gochager Lake Project hosting a historic nickel-copper deposit [9][12].
Fathom Announces Completion of Gochager Lake Winter Trail and Expected Start of Winter Drill Program
TMX Newsfile· 2026-02-24 12:45
Core Viewpoint - Fathom Nickel Inc. has successfully completed the winter trail and is set to begin a drilling program at the Gochager Lake project, targeting a total of 3,000 to 4,000 meters of drilling starting in early March 2026 [1][2]. Company Developments - The CEO of Fathom Nickel, Ian Fraser, highlighted the efforts of field crews in establishing the winter trail despite challenges from warm weather and wildfires [2]. - The drilling will focus on the 'Camp' multi-element soil/rock geochemical anomaly, located 1.5 km from the historic deposit, and will also explore the strike extension of the historic deposit towards Scurry Lake [2]. - The company is fully funded for the drilling program, with plans to complete it by late May or early June 2026 if not finished by mid-April [2]. Geological Insights - The Gochager Lake deposit exhibits Ni-tenors ranging from 2% to 5% within various styles of sulphide mineralization in gabbroic and ultramafic rock [4]. - The soil geochemical anomalies indicate a trend exceeding 8 km, with significant nickel, copper, and cobalt values, suggesting the presence of subsurface mafic-ultramafic rock [7]. - Initial drill target areas have been identified, including: - Area A: The Camp anomaly with a >900 m long multi-element soil geochemical anomaly [7]. - Area B: Gochager East Extension Anomalies covering >500 m along strike east-northeast of the Gochager Lake deposit [7]. - Area C: The North Gochager Lake Anomaly, which has the highest Ni in-soil geochemical anomaly recorded at 1650 ppm Ni [7]. - Area D: The Wolf Lake Anomaly, a standalone multi-element soil anomaly measuring 1500 m x 400 m [7]. Exploration Strategy - Fathom Nickel is utilizing a portable Vanta™ XRF Analyzer for real-time lithogeochemical data collection during exploration activities [10]. - The company aims to delineate the target as a mineral resource through further exploration, having already drilled 16 holes totaling 5,549 meters into the historic Gochager Lake deposit [17].
Fathom Nickel Announces the Closing of the First Tranche of Upsized Private Placement
TMX Newsfile· 2026-02-18 22:50
Core Viewpoint - Fathom Nickel Inc. has successfully closed the first tranche of its upsized non-brokered private placement, raising a total of C$3,225,900 through the issuance of charity flow-through units and non-flow-through units, with further funding expected from a second tranche. Group 1: Offering Details - The first tranche included the issuance of 52,083,334 charity flow-through units at C$0.048 each, generating gross proceeds of C$2,500,000, and 23,416,129 non-flow-through units at C$0.031 each, generating gross proceeds of C$725,900 [1][2] - The second tranche is anticipated to close around February 24, 2026, with an additional C$774,000 expected from non-flow-through units [1] Group 2: Unit Composition - Each non-flow-through unit consists of one common share and one transferable common share purchase warrant, exercisable for 36 months at an exercise price of C$0.05 [2] - Each charity flow-through unit consists of one flow-through common share and one transferable common share purchase warrant, also exercisable for 36 months at an exercise price of C$0.05 [3] Group 3: Use of Proceeds - Proceeds from the charity flow-through units will be allocated to eligible Canadian exploration expenses related to the Gochager Lake Project, with a deadline for incurring these expenses set for December 31, 2027 [5] - The net proceeds from the non-flow-through units will be utilized for exploration and development of mineral projects, as well as for working capital and general corporate purposes [6] Group 4: Company Overview - Fathom Nickel Inc. is focused on exploring magmatic nickel sulphide deposits to secure critical mineral supplies in North America, supporting the global green energy transition [9] - The company holds three exploration projects in Saskatchewan: Albert Lake, Gochager Lake, and Friesen Lake, with significant historical mineralization reported in these areas [9][10]
Fathom Announces Upsizing of Previously Announced Placement to $3.75 Million and Planned 3,000-4,000 Meter Drill Program at the Gochager Lake Project
TMX Newsfile· 2026-01-28 12:48
Core Viewpoint - Fathom Nickel Inc. has announced an upsized private placement financing of up to C$3,750,000 due to strong demand, alongside a planned drilling program at the Gochager Lake project to explore favorable geological conditions [1][2]. Financing Details - The upsized offering will consist of charity flow-through units priced at C$0.048 and hard dollar units at C$0.031 [1]. - Crescat Capital LLC has committed to invest at least 10% of the upsized offering [1]. Drilling Program - A 3,000-4,000 meter diamond drilling program is set to commence in mid to late February 2026 at the Gochager Lake project [1][6]. - The program aims to drill a minimum of 10 holes to test areas with favorable geology and geochemistry along the historic Gochager Lake deposit [2][6]. Geological Insights - Recent surface work has expanded the geological footprint of the Gochager Lake deposit, with mineralized gabbro identified up to 3.5 km northeast of the historic deposit [2]. - The exploration will focus on areas with robust multi-element soil geochemical anomalies to understand the underlying geology [2][11]. Ni-tenor and Mineralization - Ni-tenor values at the Gochager Lake deposit range from 2% to 5%, with outcrop samples showing values between 4.23% and 4.79% [5][6]. - The drilling will target high-grade Ni-Cu-Co sulphide mineralization zones, particularly in areas where Ni-tenor exceeds 3% [6][20]. Exploration Strategy - The company will utilize borehole electromagnetic (BHEM) surveys to identify zones of conductivity off the drillhole trace, which have previously indicated high-grade mineralization [6][11]. - Existing BHEM and historical survey results will inform the drillhole design and targeting process [11]. Company Overview - Fathom Nickel Inc. is focused on magmatic nickel sulphide discoveries to support North American critical mineral supply and the global green energy transition [14]. - The company has three exploration projects in the Trans Hudson Corridor, including the Gochager Lake project, which hosts the historic Gochager Lake deposit [14][15].
Fathom Nickel Announces $3 Million Private Placement Including Strategic Participation by Crescat Capital LLC
TMX Newsfile· 2026-01-22 12:05
Core Viewpoint - Fathom Nickel Inc. is initiating a non-brokered private placement financing to raise up to C$3,000,000 to support its exploration activities, particularly at the Gochager Lake property, amid a favorable nickel price environment [1][2]. Financing Details - The Offering will consist of charity flow-through units priced at C$0.048 and hard dollar units priced at C$0.031 [1]. - Crescat Capital LLC has committed to invest up to 20% of the Offering, which will result in Crescat owning approximately 18% of Fathom's common shares on a non-diluted basis upon completion [2]. Use of Proceeds - Proceeds from the Charity FT Units will be allocated for general exploration expenditures qualifying as "flow through critical mineral mining expenditures" under Canadian tax law, to be utilized before December 31, 2027 [5]. - Net proceeds from the HD Units will be directed towards exploration and development of mineral projects, as well as working capital and general corporate purposes [5]. Exploration Plans - The financing will enable a drill program of 3,000 to 4,000 meters at the Gochager Lake property, targeting high-priority areas identified through geological and geochemical analysis [6]. - The drill program is set to commence in mid to late February 2026, with results expected in early Q2 [6]. Regulatory and Closing Information - The Offering is subject to customary closing conditions, including approval from securities regulatory authorities and the Canadian Securities Exchange [8]. - The sale of HD Units is anticipated to close around February 11, 2026, while the Charity FT Units are expected to close around February 18, 2026 [7].
Fathom Announces the Start of Winter Trail Access to the Gochager Lake Project
Newsfile· 2025-12-10 12:50
Core Viewpoint - Fathom Nickel Inc. has initiated winter trail access to the Gochager Lake project, which is expected to enhance exploration efficiency and reduce costs significantly [1][4]. Group 1: Project Development - The company has received permission to utilize the access road to the Roy-Lloyd mine, allowing crews to prepare a trail to Benjamin Lake by Christmas [2]. - Following the holiday break, work will continue on historic trails and ice roads to facilitate the transportation of drilling equipment by mid-February 2026 [2]. - A low-frequency electromagnetic geophysical survey will commence in early January to expand the geochemical footprint of the Gochager Lake deposit [3]. Group 2: Cost Efficiency - The winter trail access is expected to reduce reliance on helicopter transport and winter fixed-wing air support, leading to lower overall exploration costs [4]. - The combination of using ice roads and historic trails will allow for more extensive drilling operations at the project [4]. Group 3: Exploration Potential - The Gochager Lake project is part of Fathom's strategy to target magmatic nickel sulphide discoveries, contributing to North American critical minerals supply and supporting the green energy transition [6]. - Historical data suggests an exploration target of 4-5 million tons grading 0.3%-0.4% Ni and 0.08%-0.09% Cu at the Gochager Lake deposit, although this estimate is not well documented [11]. - Fathom has confirmed Ni-Cu grades comparable to historical reports through its drilling efforts, indicating the presence of a significant deposit [11].
Fathom Holdings Divests LiveBy Assets to Move Concierge
Prnewswire· 2025-12-01 13:30
Core Insights - Fathom Holdings Inc. announced the divestiture of LiveBy assets to Move Concierge for $3 million, with an expected additional $300,000 annually in contingent consideration based on data-sharing arrangements [1][2][3] - The transaction aims to strengthen the partnership with Move Concierge, enhance Fathom's financial position, and support growth initiatives while retaining access to LiveBy's platform for five years [2][3][4] - The agreement is expected to improve agent retention and customer satisfaction by providing enhanced tools and services [3][4] Company Overview - Fathom Holdings Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings through its proprietary cloud-based software, IntelliAgent [6] - The company operates under various brands, including Fathom Realty, Encompass Lending, IntelliAgent, Real Results, and Verus Title [6] - Move Concierge offers a no-cost, white-glove service that connects utilities and home services, enhancing the client experience in real estate transactions [5]
Fathom Announces Strategic Partnership with Move Concierge
Prnewswire· 2025-11-14 13:30
Core Insights - Fathom Holdings Inc. has announced a strategic partnership with Move Concierge to enhance the moving experience for clients and agents [1][2][3] Company Overview - Fathom Holdings Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings [6] - The company operates through its proprietary cloud-based software, intelliAgent, and includes brands such as Fathom Realty and Encompass Lending [6] Partnership Details - The partnership will provide Fathom agents and clients access to Move Concierge's five-star concierge services, aimed at simplifying the moving process [2][4] - Move Concierge has been in operation for over 16 years, serving more than 250,000 customers with an average satisfaction rating of 4.9 stars [2][5] - The collaboration reflects Fathom's commitment to innovation and improving the homeownership journey for agents and clients [2][3] Service Offerings - Move Concierge offers a no-cost, white-glove service that connects utilities and home services, providing clients with a personal concierge to manage their home service needs [5] - The service allows customers to set up home services with a single point of contact, streamlining the process [5][4] Strategic Goals - The partnership aims to position Fathom as a one-stop shop for all homeownership needs, enhancing the overall customer experience [4][3] - Fathom's CEO emphasized the importance of evolving offerings to provide exceptional value to agents and clients [3][4]
Fathom Realty Broker Operations Named One of the Top 50 Operations Teams by OnCon
Prnewswire· 2025-11-13 13:30
Core Insights - Fathom Holdings Inc. has been recognized for its operational excellence, with its subsidiary Fathom Realty being named one of the Top 50 Operations Teams at the 2025 OnCon Icon Awards, highlighting the company's commitment to growth and innovation [1][3]. Company Overview - Fathom Holdings Inc. operates as a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings through its proprietary cloud-based software, intelliAgent [6]. - The company's brands include Fathom Realty, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title [6]. Recognition and Awards - The OnCon Icon Awards celebrate impactful and innovative teams, with winners determined by peer and community voting, reflecting the respect and influence these teams have earned [5]. - Fathom Realty's recognition underscores its focus on agent empowerment, operational excellence, and continuous improvement, which are essential for supporting agents and driving growth [3][4]. Leadership Statements - The President of Fathom Realty emphasized the team's dedication to serving agents at the highest level, noting that the award reflects the impact made within the company and the broader real estate industry [4]. - The CEO of Fathom Holdings highlighted the award as an acknowledgment of the Operations Team's remarkable work in supporting the company's growth and delivering a world-class experience for agents and clients [4].
Fathom Realty(FTHM) - 2025 Q3 - Quarterly Results
2025-11-12 21:07
Revenue Growth - Fathom achieved 38% year-over-year revenue growth, reaching $115.3 million in Q3 2025, compared to $83.7 million in Q3 2024[9] - Brokerage revenue increased by 39% to $109.2 million in Q3 2025, up from $78.6 million in Q3 2024[10] - Title revenue grew 28.6% to $1.8 million in Q3 2025, compared to $1.4 million in Q3 2024[10] - Fathom's total revenue for the first nine months of 2025 increased 35.5% to $329.9 million, compared to $243.4 million in the same period of 2024[15] - Revenue for the three months ended September 30, 2025, was $115.3 million, a 37.7% increase from $83.7 million in the same period of 2024[30] - Total revenue for the nine months ended September 30, 2025, was $329.9 million, a 35.5% increase from $243.4 million in the same period of 2024[30] Real Estate Transactions - Real estate transactions increased approximately 23% year-over-year to 11,479 in Q3 2025, driven by the addition of My Home Group[9] - Fathom's agent network expanded by 24.1% to approximately 15,371 agents as of September 30, 2025[10] Financial Performance - Adjusted EBITDA was positive $6 thousand for Q3 2025, marking the first consecutive quarters of positive Adjusted EBITDA in the company's history[13] - GAAP net loss for Q3 2025 was $4.4 million, an improvement from a net loss of $8.1 million in Q3 2024[12] - Net loss for the three months ended September 30, 2025, was $4.4 million, compared to a net loss of $8.1 million in the same period of 2024, representing a 46.5% improvement[30] - Adjusted EBITDA for the three months ended September 30, 2025, was $6, compared to a loss of $1.4 million in the same period of 2024[34] Cash Flow and Expenses - Cash, cash equivalents, and restricted cash at the end of the period were $9.9 million, down from $13.4 million at the end of the same period in 2024[32] - Net cash used in operating activities for the nine months ended September 30, 2025, was $8.6 million, compared to $4.4 million in the same period of 2024[32] - Commission and service costs for the three months ended September 30, 2025, were $105.7 million, up from $76.8 million in the same period of 2024, reflecting a 37.6% increase[30] - The company reported a litigation contingency expense of $2.0 million for the three months ended September 30, 2025, down from $3.1 million in the same period of 2024[30] - The company incurred stock-based compensation of $3.0 million for the nine months ended September 30, 2025, compared to $7.1 million in the same period of 2024[34] Future Plans - The company plans to reassess and potentially reinstate guidance expectations in Q1 2026[20] Acquisition - The company acquired START Real Estate in October 2025, aiming to expand its first-time homebuyer program nationwide[5]