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S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Fathom Announces Upsizing of Previously Announced Placement to $3.75 Million and Planned 3,000-4,000 Meter Drill Program at the Gochager Lake Project

By The Northwire Desk — AI Analysis Jan 28, 2026 · 07:48 FNI · 0.04 Fathom Nickel Inc.
FNI · Price

Executive Summary

  • Fathom Nickel upsized its non‑brokered private placement to a maximum of C$3.75 million, maintaining the same pricing (C$0.048 per Charity FT Unit and C$0.031 per HD Unit).
  • Strategic investor Crescat Capital committed to purchase at least 10 % of the Upsized Offering.
  • The company announced a planned 3,000‑4,000 m diamond drilling program (minimum 10 drill holes) at the Gochager Lake project, targeting high‑grade Ni‑Cu‑Co sulphide zones and multi‑element soil anomalies.

Key Details

  • Upsized Offering:
  • Gross proceeds now capped at C$3,750,000.
  • Unit structure unchanged – combination of Charity Flow‑Through Units (C$0.048 each) and Hard Dollar Units (C$0.031 each).

  • Crescat Capital LLC to invest ≥10 % of the total offering.

  • Drilling Program (Q1‑2026):

  • Total planned drill length: 3,000–4,000 m.
  • Minimum 10 drill holes, with final count and meterage dependent on winter trail completion and equipment arrival.
  • Target areas: historic Gochager Lake deposit strike extensions (up to 3.5 km NE), multi‑element soil anomalies south of Wolf Lake, north shore of Gochager Lake (1650 ppm Ni, 116.5 ppm Cu, 373 ppm Co), and the Weaver Lake corridor.

  • All holes will be probed with Borehole Electromagnetic (BHEM) surveys capable of detecting conductivity zones up to 50 m off‑hole.

  • Ni‑Tenor Exploration Vector:

  • Historic drill results show Ni‑tenor 2–5 % in sulphide; outcrop samples near the deposit record 4.23–4.79 %, and gabbro between Scurry Lake & Rainbow Lake shows 4.51 %.

  • Drill targets selected where Ni‑tenor exceeds 3 %.

  • QA/QC:

  • Use of portable Vanta™ XRF Analyzer for real‑time lithogeochemical data on surface samples; results are indicative only, not a substitute for laboratory assays.

  • Qualified Person: Ian Fraser, P.Geo., CEO & VP Exploration, has verified all technical data per NI 43‑101.

Notable Quotes

“We are very much looking forward to the next phase of drilling at our Gochager Lake project… The expanded geological footprint… is very encouraging.” – Ian Fraser, CEO & VP Exploration

Materiality Assessment: Material – Positive (significant financing increase and substantive exploration program that could materially affect future resource development).

Read the original news release →

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Fathom Announces Commencement of Winter Drill Program at the Gochager Lake Project

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