Fathom Nickel

Investor Insight

Fathom Nickel offers investors exposure to high-grade nickel sulphide exploration in Canada, with a district-scale land package in Saskatchewan targeting critical minerals for the clean energy transition and securing North American supply of nickel-copper-cobalt + platinum group elements (PGE’s).

Overview

The International Energy Agency projects that demand for key critical minerals will rise significantly through 2040, with nickel demand, primarily used in stainless steel and batteries, expected to roughly double. Copper, cobalt, and PGE’s have strong growth forecasts driven by energy technologies like EVs and storage and specific advanced technologies (PGE’s).

Fathom Nickel (CSE:FNI,FSE:6Q5,OTCQB:FNICF) is a Canadian exploration and resource development company focused on high-grade magmatic nickel sulphide discoveries to support such demand. With supply chain security increasingly vital, the company aims to provide a reliable domestic source of nickel and related metals.

Its portfolio includes the Gochager Lake, Albert Lake, and Friesen Lake projects in north-central Saskatchewan, situated within the Trans-Hudson Orogen, a geologically important corridor known for nickel deposits. Fathom seeks to demonstrate potential comparable to established regions like the Thompson Nickel Belt, MN and Cape Smith Belt, QC.

The company’s approach blends modern geophysics, geochemical analysis and cost-effective exploration to advance high-priority targets. Current drilling programs are testing multiple surface geochemistry, geophysical anomalies coincident with favorable geology.

Fathom Nickel also emphasizes the environmental benefits of Canadian nickel sulphide deposits, which generally carry a smaller footprint than laterite operations in places such as Indonesia. Backed by an experienced technical team and a discovery-driven mindset, the company is working to unlock the broader potential of its district-scale land package.

Company Highlights

• Favorable portfolio jurisdiction: All three projects are located in Saskatchewan, Canada, which ranked as the third-best overall jurisdiction in the 2025 Fraser Institute Annual Survey of Mining Companies, scoring 89.66 for investment attractiveness.
• High-quality, multiple resource projects: Three 100 percent owned Ni-Cu-Co±PGE sulphide projects, including a past-producing mine and a historically defined deposit with significant cobalt mineralization.
• District-scale land package: 73 mineral claims covering 134,221 hectares within the highly prospective Trans-Hudson Orogen.
• Strategic Critical Minerals focus: Targeting nickel, copper, cobalt and platinum group elements (PGE’s), all essential for battery technologies and the transition to a low-carbon economy.

Key Projects

Gochager Lake Project

The 33,629--hectare Gochager Lake property is located approximately 75 kilometers north-northeast of La Ronge, Saskatchewan. The project hosts the historic Gochager Lake deposit.

Historical estimates report a mineral reserve of over 4.2 million tons grading 0.295 percent nickel and 0.081 percent copper. Fathom’s drilling has confirmed the presence of zones of high-grade nickel-copper-cobalt mineralization within the broad lower grade envelope. The historic deposit remains open along strike and to depth. Project infrastructure includes a 20 to 25-person all-season exploration camp, supporting year-round work outside seasonal transition periods.

Fathom said that the recent completion of a winter access trail connecting the property to Highway 102 has significantly reduced reliance on air transport, lowering exploration costs and enabling expanded drilling capacity.

Albert Lake Project

The 90,460-hectare Albert Lake project sits about 135 kilometers north-northeast of La Ronge, Saskatchewan.

The property hosts the historic Rottenstone Mine, which operated from 1965 to 1969 and produced a product grade of 3.28 percent nickel, 1.83 percent copper and 9.63 g/t Pt-Pd+Au. Although the deposit was once thought to be isolated, Fathom’s 2021 discovery along the Bay-Island Trend revealed a broader mineralized system. This reinterpretation underscores the district-scale potential of Albert Lake and supports ongoing exploration for similar Rottenstone-like deposits.

The project is supported by an all-season exploration camp and remains accessible by aircraft, enabling year-round work beyond seasonal constraints.

Management Team

Ian Fraser – CEO, Vice President for Exploration and Director

Ian Fraser is a professional geoscientist with over 40 years of experience in mineral exploration. He has led numerous exploration programs globally, including development at the Casa Berardi Gold Mine in Quebec and the Cisneros Gold Mine by Antioquia Gold in Colombia. He also served as Chief Geologist for the Komis Gold Mine in Saskatchewan, showcasing his experience within the region.

Doug Porter – President, CFO and Director

Doug Porter is a Chartered Professional Accountant and Chartered Business Valuator with over 30 years of experience in financial management, corporate strategy and public company leadership. His experience includes serving as the Director and Audit Committee Chair of Manson Creek Resources and Forent Energy Inc. and he was involved in the sale of Elan Coal Ltd. and StimWrx Oilfield Services Ltd.

John Morgan – Director

John Morgan is a senior mining executive with over 35 years of experience. He has progressively managed domestic and international mining operations, including four years in western Venezuela operating Paso Diablo, a seven million tonne per year export coal operation. His track record includes roles as Director at Grande Cache Coal and as a co-founder and executive at Atlantic Gold.

Alan Coutts - Director

Alan Coutts is a professional geologist with more than 35 years of domestic and international mining experience. He is the former President and CEO of Ring of Fire developer, Noront Resources, which was sold to Wyloo Metals in 2022. From 1999 to 2003, he also served as General Superintendent for the Falconbridge Raglan mine, where he led underground and open-pit nickel sulphide operations.

Eugene Chen – Director

Eugene Chen is lawyer with over 25 years’ experience as a securities, corporate finance, and merger and acquisitions. He is currently a partner at McLeod Law LLP and advises emerging and growth-oriented companies on corporate finance, securities and mergers and acquisitions.

Mark Cummings – Director

Mark Cummings is a CPA with hands-on experience in operations, HR, corporate governance and general management roles. He was a former chief executive officer of Zavida Coffee Co.