Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0% Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0%
Drill Results

First Atlantic Nickel Announces New Alloy Max Zone Discovery - A Second Large-Scale Awaruite (Ni3Fe) Target Area Extending 7 km North from the RPM Zone at the Pipestone XL Nickel-Cobalt Alloy Project

District-Scale Awaruite Discovery Doubled as Strategic Financing Secures 2026 Drill Program

By The Northwire Desk — AI Analysis Mar 18, 2026 · 07:00 FAN · 0.24 First Atlantic Nickel & Cobalt Corp.
Executive Summary

The most recent news (March 18, 2026) announces the discovery of a second large-scale target, the "Alloy Max Zone," extending 7 km north of the existing RPM Zone at the Pipestone XL Project. Surface sampling at Alloy Max has returned magnetically recoverable nickel (DTR) values $\ge$ 0.04%, consistent with surface grades that led to the RPM discovery. Simultaneously, the company confirmed it has raised $7,819,316 since December 2025 through non-brokered private placements, including flow-through and LIFE offerings, to fund 2026 drilling.

Material Impact
  • Scale Expansion: The discovery of Alloy Max transforms Pipestone XL from a single-zone prospect into a potential multi-zone district. A 7 km extension on a 30 km trend significantly increases the probability of defining a multi-billion-tonne bulk tonnage resource.
  • De-risked Exploration: The Alloy Max zone already has drill permits in place and features minimal overburden, allowing for immediate testing in 2026.
  • Financial Solvency: Raising nearly $8M in a difficult junior mining tape is a major feat. It provides the "runway" to execute large-scale drilling without immediate dilution fears.
  • Strategic Validation: The exercise of top-up rights by a strategic investor to maintain a 9.9% stake (March 06 news) suggests "smart money" is defending its position as the project scales.
FAN · Price
Company Overview

First Atlantic Nickel is focused on the Pipestone XL Nickel-Cobalt Alloy Project in Newfoundland. Unlike traditional sulfide deposits, the project hosts Awaruite (Ni3Fe), a natural nickel-iron alloy. - Flagship: Pipestone XL (30 km trend). - Key Zones: RPM Zone (1.2 km strike confirmed) and Alloy Max (7 km target). - Advantage: Awaruite is highly magnetic, allowing for simple magnetic separation to produce high-grade (>60% Ni) concentrate, bypassing carbon-intensive smelting.

Read the original news release →

More from First Atlantic Nickel & Cobalt Corp.

Oct 30, 2026 · 20:30

First Atlantic targets smelter-free awaruite nickel expansion on untested ultramafic ground in Newfoundland.

M&A / Property Oct 29, 2026 · 06:30

First Atlantic advances road construction and pit excavation for Pipestone XL awaruite exploration across a 14 km trend.

Financings Oct 13, 2026 · 07:00

First Atlantic’s fourth Alloy Max visual-only hole extends a new zone by 2.4 km of strike without providing assay results.

Drill Results Oct 06, 2026 · 07:13

First Atlantic secures smelter-free awaruite financing at a premium despite persisting dilution and execution risks.

Financings Sep 28, 2026 · 19:33

First Atlantic uses sept financing to fund Newfoundland awaruite drilling and metallurgical work.

Financings Sep 18, 2026 · 17:02

First Atlantic raises $6.15m at $0.75/share to fund Pipestone XL drilling and metallurgical work.

Financings