Business
First Atlantic Nickel Acquires Ophiolite-X Project Targeting White and Orange Geologic Hydrogen, Carbon Capture, and Critical Minerals in Western Newfoundland
GRAND FALLS-WINDSOR, Newfoundland and Labrador, Dec. 11, 2025 (GLOBE NEWSWIRE) -- First Atlanti...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"First Atlantic Nickel Acquires Ophiolite-X Project Targeting White and Orange Geologic Hydrogen, Carbon Capture, and Critical Minerals in Western Newfoundland\n\n\n\n GRAND FALLS-WINDSOR, Newfoundland and Labrador, Dec. 11, 2025 (GLOBE NEWSWIRE) --\n \n First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (\"First Atlantic\" or the \"Company\")\n \n is pleased to announce it has entered into agreements to acquire a 100% interest in 18 mineral licenses comprising 500 mineral claims (covering 12,500 hectares or 125 km\n \n 2\n \n ) within the Blow Me Down and Lewis Hills massifs in the Bay of Islands Ophiolite Complex (“BOIC”) in western Newfoundland. The Company has branded this strategic land position as the\n \n \"Ophiolite-X\"\n \n project, recognizing its multi-commodity potential spanning geologic (natural and stimulated) hydrogen, carbon capture and storage, awaruite nickel-iron-cobalt alloy mineralization, chromite, cobalt, copper, and platinum group elements (“PGEs”). Peer-reviewed research by Memorial University has calculated theoretical CO₂ storage capacity for the entire BOIC equivalent to more than 13 years of global emissions\n \n 1\n \n (\n \n\n source link\n \n\n ), while natural springs within the complex discharge dissolved hydrogen generated through active serpentinization\n \n 2\n \n (\n \n\n source link\n \n\n ). This process is of such scientific significance that NASA researchers have identified the Tablelands massif in the BOIC as a Mars analogue site for studying serpentinizing environments\n \n 3\n \n .\n \n\n The BOIC comprises four large-scale ophiolite massifs, Table Mountain (Tablelands), North Arm Mountain, Blow Me Down Mountain, and Lewis Hills, representing one of the world's best-preserved and most complete ophiolite sequences. A recent study with funding from the Ministère de l'Économie, de l'Innovation et de l'Énergie (MEIE) of Quebec, evaluating natural hydrogen potential across Quebec (Séjourné et al., 2024), noted that the \"potential for natural hydrogen in southern Quebec is not necessarily limited to these areas. Key areas of interest include: 1) ophiolite complexes, which are correlative with the Bay of Islands complex in Newfoundland where Szponar et al. (2013) sampled strongly alkaline and highly reducing water so...