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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
Calgary, Alberta--(Newsfile Corp. - January 28, 2026) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) ('Fathom", or the "Company") is pleased to announce, based on very strong demand for its previously announced best efforts non-brokered private placement financing, the Company has upsized the gross proceeds to up to C$3,750,000 (the "Upsized Offering"). All other terms of the Upsized Offering remain unchanged: the Upsized Offering will consist of any combination of: (i) charity...
About this update from Fathom Nickel, Inc.
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - January 28, 2026) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) ('Fathom", or the "Company") is pleased to announce, based on very strong demand for its previously announced best efforts non-brokered private placement financing, the Company has upsized the gross proceeds to up to C$3,750,000 (the "Upsized Offering"). All other terms of the Upsized Offering remain unchanged: the Upsized Offering will consist of any combination of: (i) charity flow-through units (the "Charity FT Units") at C$0.048 per Charity FT Unit; and (ii) hard dollar units (the "HD Units") at C$0.031 per HD Unit of the Company. Crescat Capital LLC ("Crescat") has agreed to make a strategic investment for at least 10% of the Upsized Offering. We are also pleased to announce a planned 3,000-4,000-meter drill program commencing mid to late February 2026 at the Gochager Lake project. The Company anticipates drilling ten +/- drillholes to test areas along strike of the historic Gochager Lake deposit where we recognize favourable geology, geochemistry and geophysical signatures.","length":1165,"tagName":"p"},{"type":"text","content":"Ian Fraser, Fathom CEO and VP Exploration stated, "We are very much looking forward to the next phase of drilling at our Gochager Lake project. The surface work performed in 2024/2025 has significantly expanded the geological and geochemical footprint of the historic Gochager Lake deposit along strike northeast and southwest. Our exploration priority at Gochager was first to understand the geologic setting of the historic deposit and then work on building "scale". The expanded geological footprint, specifically, mineralized variable-texture gabbro occurring up to 3.5km northeast of the historic deposit is very encouraging. Additionally, we look forward to testing areas of very robust multi-element soil geochemical anomalies to determine the underlying geology. All drillholes will be probed with borehole electromagnetic (BHEM) surveys, an exercise that has proven to be very successful within the historic deposit area."","length":951,"tagName":"p"},{"type":"text","content":"Q1-2026 Exploration Program:","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"3,000-4,000 meters of diam...