GRAND FALLS-WINDSOR, Newfoundland and Labrador, March 18, 2026 (GLOBE NEWSWIRE) — First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“First Atlantic” or the “Company”) is pleased to announce the discovery of a second large-scale awaruite (Ni₃Fe) nickel-cobalt alloy target area, designated Alloy Max, extending 7 kilometers (km) north of the existing RPM Zone (see Figure 1) within the 30 km Pipestone Ophiolite Complex at its Pipestone XL Nickel-Cobalt Alloy Project in central Newfoundland. The Alloy Max zone was discovered through the Company’s ongoing district-wide surface sampling program, which integrates field geological mapping, rock sampling, Davis Tube Recovery (“DTR”) metallurgical testing, and geophysics to identify magnetically recoverable nickel in awaruite alloy mineralization throughout the 30 km trend.
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Brief Summary
First Atlantic Nickel Corp. has made significant strides in nickel-cobalt alloy exploration with the announcement of the Alloy Max zone. This large-scale discovery adds to their existing RPM Zone and is a promising development within the Pipestone XL Nickel-Cobalt project. Here are the key highlights:
- Location: 7 km north of the RPM Zone.
- Discovery Method: Integrated geological mapping and advanced sampling techniques.
- Project Scope: Covers a significant 30 km ophiolite complex.
- Company Tickers: FANCF, P21.
Why it matters: This discovery underscores the company’s commitment to expanding its nickel-cobalt resources, which are critical for future sustainable energy solutions.
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