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First Atlantic Nickel Attends Benchmark Week 2025 Conference, Highlighting Awaruite - A Naturally Magnetic Nickel-Cobalt Alloy as a Smelter-Free Source For North America's Critical Minerals Supply Chain
LOS ANGELES, Nov. 18, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. ("First Atlantic or th...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"First Atlantic Nickel Attends Benchmark Week 2025 Conference, Highlighting Awaruite – A Naturally Magnetic Nickel-Cobalt Alloy as a Smelter-Free Source For North America's Critical Minerals Supply Chain\n\n\n\n LOS ANGELES, Nov. 18, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (\"First Atlantic or the \"Company\") (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is pleased to announce its participation at Benchmark Mineral Intelligence's Benchmark Week 2025 conference, taking place November 18-20, 2025, in Los Angeles, California. The Company will participate in business development discussions throughout the event, showcasing how its Pipestone XL Nickel Alloy Project addresses the growing need for nickel and cobalt production that can be processed onshore in North America. The Pipestone XL Project hosts nickel contained in awaruite, a naturally magnetic nickel-iron-cobalt alloy mineral that is free of sulfur and contains approximately 77% nickel. These unique properties enable direct processing through magnetic separation and flotation, eliminating reliance on overseas smelting or roasting operations. This simplified mineral processing method significantly reduces energy requirements and environmental impacts, while supporting the development of a resilient domestic critical minerals supply chain.\n \n\n First Atlantic's discovery in Newfoundland, Canada, represents the first large-scale drilled awaruite discovery since the U.S. Geological Survey (“USGS”) identified this ultra-rare mineral as a potential solution to nickel shortages in its 2012 annual report on nickel. According to the USGS, \"The development of awaruite deposits in other parts of Canada may help alleviate any prolonged shortage of nickel concentrate. Awaruite, a natural iron-nickel alloy, is much easier to concentrate than pentlandite, the principal sulfide of nickel.\" This discovery directly addresses critical supply chain vulnerabilities facing the North American electric vehicle and battery industries, which depend on nickel and cobalt, designated as critical minerals in the United States, Canada and Europe.\n \n\n Benchmark Week 2025 brings together key players from across the critical minerals and battery supply chain sectors for three days of networking, dealmaking, and policy discussions. Attendees include major automakers and electri...