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Ian Fraser on Fathom Nickel’s Exploration Progress and the Critical Minerals Potential in Saskatchewan

In a recent InvestorNews interview, Tracy Weslosky spoke with Fathom Nickel Inc.‘s (CSE: FNI | OTCQB: FNICF) CEO, VP Exploration, and Director, Ian Fraser, about the significant progress at their critical minerals projects in Saskatchewan, Canada. Speaking about their two vast projects in Saskatchewan totaling over 110,000 hectares, Ian provides an update on the drilling program at the Gochager Lake Project where they recently discovered encouraging signs of magmatic nickel sulphide mineralization.

Fathom Nickel’s focus on critical minerals extends to Platinum Group Elements (PGEs), which hold significant value, especially in applications like hydrogen fuel cells and catalytic converters. Ian says that their recent drilling encountered high-grade PGEs, suggesting the presence of a substantial magmatic source, further underscoring the potential of their projects.

Speaking about Fathom Nickel’s seasoned management team with prior experience in moving projects from exploration to production, Ian talks about their proximity to major players and infrastructure. Saskatchewan’s reputation for mining and development, along with Fathom Nickel’s positive rapport with local First Nations, adds a layer of confidence.

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About Fathom Nickel Inc.

Fathom is an exploration company that is targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market.

The Company now has a portfolio of two high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: 1) the Albert Lake Project, a 90,000+ hectare project that was host to the historic and past producing Rottenstone deposit (produced high-grade Ni-Cu+PGE, 1965-1969), and 2) the Gochager Lake Project, 22,000+ hectare project host to a historic, NI43-101 non-compliant open pit resource; the Gochager Lake deposit (4.3M tons at 0.295% Ni and 0.081% Cu defined 1967-1970), an analogous drill tested nickel occurrence of drill intersections >1.% Ni (Mal Lake last drilled in 19674), and the Borys Lake Zn-Cu-Pb+Ag occurrence.

To know more about Fathom Nickel Inc., click here

Disclaimer: Fathom Nickel Inc. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.




Denison Mines Invests $15M in F3 Uranium to Boost Uranium Exploration Efforts

F3 Uranium Corp. (TSXV: FUU | OTCQB: FUUFF) has secured a significant $15 million strategic investment from Denison Mines Corp. (TSX: DML | NYSE American: DNN) through the acquisition of unsecured convertible debentures. These debentures can be converted into F3 common shares at a conversion price of $0.56 per share, representing a 30% premium over F3’s recent five-day average stock price. Upon conversion, Denison is set to own approximately 6% of F3’s outstanding shares.

Dev Randhawa, F3’s CEO, expressed enthusiasm for Denison’s involvement, citing their leadership in the uranium industry and their diverse assets in the Athabasca Basin, where F3 is actively developing the Patterson Lake North (PLN) property.

Denison’s President and CEO, David Cates, commended F3’s impressive exploration track record, particularly their discovery of the JR Zone on the PLN property, which is considered one of the top new uranium finds globally. Denison is eager to support further assessment of the PLN property through this investment.

The debentures will carry a 9% coupon, payable quarterly over a 5-year term, and offer conversion into common shares. F3 has the discretion to pay up to one-third of the interest in common shares based on the trading price. The company can also redeem the debentures under specific conditions, including a change of control.

The proceeds from the debentures will primarily fund exploration and development of the PLN property, as well as general working capital needs.

The transaction is expected to close around October 18, 2023, subject to regulatory approvals. Legal counsel includes Blake, Cassels & Graydon LLP for F3 and Osler, Hoskin & Harcourt LLP for Denison, with Haywood Securities Inc. advising F3 and Canaccord Genuity Corp. advising Denison.

F3’s PLN project, spanning 4,078 hectares, is strategically located near other high-grade uranium deposits in the Athabasca Basin, making it a significant area for uranium development in northern Saskatchewan. Raymond Ashley, P.Geo., President & COO of F3, has verified the technical information in compliance with Canadian regulatory requirements.

F3 Uranium Corp. is actively advancing uranium projects in the Athabasca Basin and holds a portfolio of 16 projects in this high-grade uranium discovery region. Their focus includes the newly discovered high-grade JR Zone on the PLN Property, aligning with Saskatchewan’s potential to become a major uranium production hub.




Randy Hoback on the best mining jurisdiction in Canada – Saskatchewan.

Recently during PDAC 2019, Randy Hoback, Member of Parliament for Prince Albert, Saskatchewan, shared why Saskatchewan is ranked high amongst mining jurisdictions with InvestorIntel’s Peter Clausi.

Randy said: “Mining companies have recognized that if they do a project in Saskatchewan they can go through the entire process and actually get to the point of building a mine. There are regulatory things that they have to do, but we have seen companies like BHP Billiton just do the Jansen Project, you see the potash mines, uranium mines and here are examples where they have actually explored, done the work and now they are actually physically running mines. The First Nations are very excited about the mining sector. They do not view it as a negative thing and they actively participate in the mining sector.”

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