Core Viewpoint - Fathom Nickel Inc. is expanding its financing strategy by adding a flow-through unit component to its private placement and amending the pricing of hard dollar units, aiming to raise approximately 0.04, consisting of one common share and one-half of a transferable common share purchase warrant, with the warrant allowing the purchase of one common share at 0.035 per unit, with the maximum gross proceeds expected to be around $750,000 [3]. Use of Proceeds - Proceeds from the FT Units will be allocated for general exploration expenditures qualifying as Canadian exploration expenses, specifically for flow-through critical mineral mining expenditures [4]. - Net proceeds from the HD Units will be utilized for exploration and development of the company's mineral projects, as well as for working capital and general corporate purposes [4][7]. Offering Structure - The offering will be conducted under the listed issuer financing exemption, with the offering document available on the company's profile [5][6]. - The offering is expected to close around November 21, 2024, subject to customary closing conditions and regulatory approvals [8][9]. Company Overview - Fathom Nickel Inc. focuses on exploring magmatic nickel sulphide deposits to support the electric vehicle market and secure North American critical minerals [11]. - The company holds three exploration projects in Saskatchewan, including the Albert Lake Project, Gochager Lake Project, and Friesen Lake Project, with significant historical production and resource estimates [12].
Fathom Nickel Announces Amended Non-Brokered Unit Offering