Business
Fathom Nickel Announces $3 Million Private Placement Including Strategic Participation by Crescat Capital LLC
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.Calgary, Alberta--(Newsfile Corp. - January 22, 2026) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) ('Fathom", or the "Company") is pleased to announce that the Company intends to complete a best efforts non-brokered private placement financing for aggregate gross proceeds of up to C$3,000,000
About this update from Fathom Nickel, Inc.
[{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.","length":194,"tagName":"p","attribs":{}},{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - January 22, 2026) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) ('Fathom", or the "Company") is pleased to announce that the Company intends to complete a best efforts non-brokered private placement financing for aggregate gross proceeds of up to C$3,000,000 (the "Offering"). The 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 up to 20% of the Offering.","length":708,"tagName":"p"},{"type":"text","content":""We are excited to continue to support Fathom as they resume drilling at the Gochager Lake property in a rapidly improving nickel commodity price environment," said Crescat Capital's CEO and Chief Investment Officer, Kevin Smith. "Early drilling at Gochager already discovered significant magmatic nickel-copper-cobalt sulfide mineralization and the Company's recent field work has now defined a robust, open-ended soil geochemical anomaly spanning over an 8km strike from northeast to southwest. The current raise will allow the company to complete a 3-to-4-thousand-meter drill program that will test the highest priorities in a very impressive inventory of drill targets. I am very glad to see the Company get back to work at this exciting project and eagerly await drill results expected in early Q2."","length":833,"tagName":"p"},{"type":"text","content":"Crescat is expected to own or control approximately 18% of the common shares of Fathom (the "Common Shares") on a non- diluted basis upon completion of the Offering, assuming the Offering is completed in full.","length":219,"tagName":"p"},{"type":"text","content":"Each Charity FT Unit shall consist of one charity flow-through Common Share (a "Charity FT Share") and one transferable Common Share purchase warrant (a "Warrant&qu...