Fathom Nickel Secures Full Ownership of Gochager Lake Property in Saskatchewan

Fathom Nickel Inc. has finalized the acquisition of the Gochager Lake Property in Saskatchewan through completion of the final cash payment and share issuance required under the Gochager Lake Earn-In Agreement. The transaction, which began when the company entered the agreement in 2022, provides Fathom with full ownership of the property subject to a 2% net smelter return royalty. This milestone represents a significant achievement in the company's strategic development and positions it for expanded exploration activities in the region.

Since initiating the earn-in agreement, Fathom has dramatically increased the property size from its original 4,696 hectares to over 34,000 hectares, representing a substantial expansion of the company's exploration footprint. The company has also advanced its geological model and extended the mineralized corridor to more than 1.4 kilometers, indicating considerable potential for nickel discoveries. These developments suggest substantial exploration opportunities that could contribute to meeting growing industrial demand for nickel.

CEO Ian Fraser emphasized the importance of this achievement, stating that it represents significant progress toward establishing a district-scale nickel camp through continued science-driven exploration. The timing of this acquisition coincides with increasing global demand for nickel, particularly for use in electric vehicle batteries and renewable energy technologies. The company's newsroom, available at https://ibn.fm/FNICF, provides ongoing updates about Fathom Nickel's developments, while the full press release detailing the ownership acquisition can be viewed at https://ibn.fm/WzDPd, offering comprehensive information about the transaction and its implications.

This full ownership position provides Fathom Nickel with greater control over exploration decisions and development timelines at the Gochager Lake Property. The expanded land package and extended mineralized corridor create substantial exploration potential that aligns with growing nickel demand from various industrial sectors, particularly supporting the global clean energy transition. The company's strengthened position in Saskatchewan's mining landscape positions it to potentially contribute to North American nickel supply chains as demand for battery metals continues to accelerate worldwide.