GRAND FALLS-WINDSOR, Newfoundland and Labrador, May 21, 2026 (GLOBE NEWSWIRE) — First Atlantic Nickel & Cobalt Corp. (TSXV: FAN | OTCQB: FANCF | FSE: P21) (the “Company” or “First Atlantic”) is pleased to announce that electron microprobe analysis conducted by SGS Canada in Lakefield, Ontario, as part of the Company’s ongoing metallurgical program, has confirmed the high-grade nickel and cobalt content of the awaruite mineralization (Ni-Fe-Co Alloy) in the RPM Zone at its wholly owned Pipestone XL Project. The awaruite (Ni3Fe) averages 77.62% nickel and 1.69% cobalt, with peak grades of 86.68% nickel and 6.05% cobalt, based on 33 microprobe analyses of a master composite sample comprising 32 individual samples over 96 meters of drill core from AN-24-02 (258 m to 354 m) (the “Master Composite”).
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Brief Summary
First Atlantic Nickel & Cobalt Corp. has achieved a significant milestone with the recent electron microprobe analysis performed on samples from the RPM Zone of its Pipestone XL Project. This analysis highlights the high-grade nickel and cobalt content within the awaruite mineralization, offering an excellent prospect for future mining operations. Key findings include:
- Average Nickel Content: 77.62%
- Average Cobalt Content: 1.69%
- Peak Nickel Grades: 86.68%
- Peak Cobalt Grades: 6.05%
- Comprehensive analysis based on 33 microprobe tests.
Why it matters: This analysis positions First Atlantic to potentially transform its operations, benefiting from a naturally occurring alloy that can significantly reduce midstream smelting constraints in North America.
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