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 validated high-grade nickel and cobalt content in its latest findings at the Pipestone XL Project. The electron microprobe analysis revealed:
- 77.62% nickel and 1.69% cobalt on average in awaruite
- Peak grades of 86.68% nickel and 6.05% cobalt
- Conducted on samples from 33 analyses of core drill measurements
- Supports the ongoing metallurgical program aimed at minimizing smelting constraints
- Significant potential for the North American market
Why it matters: This analysis underscores the strategic importance of high-grade resources in the burgeoning nickel and cobalt market.
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