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Fathom Announces Financing Update and Participation at PDAC Core Shack
FTHMFathom Realty(FTHM) Newsfile·2025-03-03 12:50

Core Viewpoint - Fathom Nickel Inc. has successfully closed its non-brokered offering of flow-through and non-flow-through units, raising a total of 398,025,andisplanninganewofferingduetosluggishcapitalmarkets[1][4][7].FinancingDetails−Thecompanyissued8,550,000flow−throughcommonshareunitsat398,025, and is planning a new offering due to sluggish capital markets [1][4][7]. Financing Details - The company issued 8,550,000 flow-through common share units at 0.04 each for gross proceeds of 342,000and1,600,714non−flow−throughunitsat342,000 and 1,600,714 non-flow-through units at 0.035 each for gross proceeds of 56,025,totaling56,025, totaling 398,025 [1][4]. - Each non-flow-through unit consists of one common share and one-half of a transferable warrant, while each flow-through unit consists of one common share issued on a flow-through basis and one-half of a warrant [2]. - The gross proceeds from the flow-through portion will be used for eligible Canadian exploration expenses related to the Albert Lake and Gochager Lake projects [4]. New Offering Announcement - Fathom plans to issue up to 23,500,000 new non-flow-through units at 0.03eachforgrossproceedsof0.03 each for gross proceeds of 705,000, with each unit comprising one common share and one warrant [7]. - The new warrants will have an exercise price of 0.05andincludeanacceleratorclausethatallowsthecompanytoforcewarrantholderstoexerciseifthesharepriceexceeds0.05 and include an accelerator clause that allows the company to force warrant holders to exercise if the share price exceeds 0.15 for 20 consecutive trading days [8]. Project Participation - Fathom will present its Gochager Lake project drill core at the PDAC Core Shack on March 4th and 5th, 2025, inviting attendees to visit their booth for discussions on exploration plans [11]. Company Overview - Fathom Nickel Inc. is focused on exploring magmatic nickel sulphide deposits to support the growing electric vehicle market and secure North American critical minerals [13]. - The company has three exploration projects in Saskatchewan: the Albert Lake Project, the Gochager Lake Project, and the Friesen Lake Project, with significant historical production and resource estimates [14].