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First Atlantic Nickel Announces Name Change to First Atlantic Nickel & Cobalt Ahead of the Washington DC Safe Summit, Reinforcing the Natural Cobalt Content of Awaruite - a Rare, Naturally Magnetic (Ni-Fe-Co) Alloy That Is Sulfur-Free and Can Bypass Midstream Smelting Constraints in North America
GRAND FALLS-WINDSOR, Newfoundland and Labrador, April 27, 2026 (GLOBE NEWSWIRE) -- First Atlantic...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"First Atlantic Nickel Announces Name Change to First Atlantic Nickel & Cobalt Ahead of the Washington DC Safe Summit, Reinforcing the Natural Cobalt Content of Awaruite - a Rare, Naturally Magnetic (Ni-Fe-Co) Alloy That Is Sulfur-Free and Can Bypass Midstream Smelting Constraints in North America\nGRAND FALLS-WINDSOR, Newfoundland and Labrador, April 27, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN | OTCQB: FANCF) (the \"Company\" or \"First Atlantic\") is pleased to announce that it will change its name to First Atlantic Nickel & Cobalt Corp. (the \"Name Change\"), effective April 29, 2026, to reinforce the natural cobalt content of awaruite. Awaruite (Ni₃Fe) is a rare, naturally magnetic nickel-iron-cobalt (Ni-Fe-Co) alloy mineral with a high grade of nickel content. The Company's Pipestone XL project in Newfoundland hosts broad zones of widely disseminated awaruite nickel and cobalt mineralization. The Company is also pleased to announce its participation at SAFE Summit 2026 in Washington, DC, taking place April 27-28, 2026, at the Walter E. Washington Convention Center. SAFE is an action-oriented, nonpartisan organization committed to transportation, energy, and supply chain policies that advance the economic and national security of the United States, its partners, and allies. For more than twenty years, SAFE has led policy dialogue on energy and national security alongside a coalition of retired four-star admirals and generals, with a focus on reducing reliance on adversarial nations for energy, critical materials, and advanced transportation technologies. SAFE convenes policymakers, industry participants, and defense leaders at its annual Summit1. The U.S. Geological Survey (“USGS”) has recognized awaruite's strategic potential, identifying the natural alloy as \"much easier to concentrate than pentlandite, the principal sulfide of nickel,\" and noting that awaruite deposits could help alleviate prolonged nickel concentrate shortages2. Because awaruite is naturally magnetic and already occurs in a reduced metallic state, magnetic separation can capture both the nickel and cobalt in a single high-grade concentrate. This concentrate is suitable for direct input into downstream refining for EV battery chemicals or stainless-steel production, while avoiding the midstream smelting, r...