Fathom Announces Completion of Gochager Lake Winter Trail and Expected Start of Winter Drill Program

Executive Summary

• Fathom Nickel completed the winter access trail and mobilized drilling equipment to the Gochager Lake project, targeting a 3,000‑to‑4,000 m drill program slated to start the first week of March 2026.
• The initial holes will test the high‑grade “Camp” multi‑element soil/rock geochemical anomaly and extend the historic deposit east‑northeast along a >8 km Ni‑in‑soil trend.
• The company confirms it is fully funded to finish the program, with contingency plans to complete any remaining meters by late May/early June 2026 if spring break‑up delays occur.

Key Details

• Winter Trail Completion: Overland and lake trail infrastructure finished despite warm weather and recent wildfires, enabling field crews to access drill sites.
• Drill Program Scope: 3,000–4,000 m total depth planned; start early March 2026; fallback completion window late May‑early June 2026 if spring break‑up halts progress.
• Target Areas:
• Area A – “Camp” Anomaly: >900 m long multi‑element soil anomaly; outcrop Ni‑tenor 4.51 % Ni*; Pt 40–60 ppb, Pd 20–30 ppb.
• Area B – Gochager East Extension: >500 m strike extension east‑northeast; soil anomalies stronger than historic deposit; EM anomalies untested; outcrop Ni‑tenor up to 5 % Ni*.
• Area C – North Gochager Lake Anomaly: Highest recorded Ni in‑soil (1,650 ppm Ni); rock samples show elevated Ni, Cu, Co.
• Area D – Wolf Lake Anomaly: Standalone 1,500 m × 400 m multi‑element anomaly; drilling unlikely during winter campaign due to logistics.
• Geochemical Context: >8 km Ni‑in‑soil trend accompanied by anomalous Cu, Co, Mg, Cr—key pathfinders for mafic‑ultramafic “container rock.”
• Funding Status: Company states it is fully funded to complete the planned drill program; no additional financing required at this stage.
• Qualified Person: Ian Fraser, P.Geo., CEO & VP Exploration (qualified person under NI 43‑101) has reviewed and approved all technical data disclosed.

Notable Quotes

“Our field crews have worked very hard getting the winter trail in place… With overland access and lake trails now in place, it is go time! We plan to be drilling by the first week of March.” – Ian Fraser, CEO & VP Exploration

All non‑material boilerplate, forward‑looking statements, and company background sections have been omitted for brevity.