Business
Fathom Nickel Grants Stock Options
Calgary, Alberta--(Newsfile Corp. - February 15, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") announces that purs
About this update from Fathom Nickel, Inc.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - February 15, 2023) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the \"Company\" or \"Fathom\") announces that pursuant to its stock option plan and the policies of the Canadian Stock Exchange, it has granted incentive stock options to certain directors, officers and consultants of the Company for the right to purchase up to an aggregate of 5,000,000 common shares of the Company, exercisable at a price of $0.085 per share for a period of 60 months. The options will vest 1/3 on the date of grant and 1/3 on each of the first and second anniversaries of the date of grant. About Fathom Nickel Inc. Fathom is an exploration company that is targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market. The Company now has a portfolio of two high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: 1) the Albert Lake Project, a 90,000+ hectare project that was host to the historic and past producing Rottenstone deposit (produced high-grade Ni-Cu+PGE, 1965-1969), and 2) the Gochager Lake Project, a 4,696-hectare project that is host to a historic (NI43-101 non-compliant) open pitable resource consisting of 4.3M tons at 0.295% Ni and 0.081% Cu1. The Company anticipates Winter 2023 exploration programs at both projects. ON BEHALF OF THE BOARD \"Doug Porter, CPA-CBV\" President & CFO For Further Information Please Contact: Doug Porter, President & CFO1-403-870-4349Email: [email protected] Forward-Looking Statements: This news release contains \"forward-looking statements\" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as \"plan\", \"expect\", \"project\", \"seek\", \"intend\", \"believe\", \"anticipate\", \"estimate\", \"suggest\", \"indicate\" and other similar words or statements that certain events or conditions \"may\" or \"will\" occur, and include, without limitation, statements regarding payment of terms under the Option Agreement, permitting for the Property, receipt of an exploration permit, timing of the exploration program on the Property and the Company achieving the earn-in thresholds under the Option Agreement. Forward-looking statements relate ...