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First Atlantic Nickel Receives Junior Exploration Assistance Grant from Province of Newfoundland and Labrador
VANCOUVER, British Columbia, May 06, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: ...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"First Atlantic Nickel Receives Junior Exploration Assistance Grant from Province of Newfoundland and Labrador\n\n\n\n VANCOUVER, British Columbia, May 06, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (\"First Atlantic\" or the \"Company\") expresses its gratitude to the Province of Newfoundland & Labrador for awarding the Company the maximum grant of $150,000 through the Junior Exploration Assistance (JEA) program. The funding will support critical mineral exploration at the Company's Atlantic Nickel Project (the “Project”), a 100%-owned, district-scale nickel project strategically located in central Newfoundland, with access to infrastructure including roads and clean hydro-grid power. The Project spans the entire 30 km Pipestone ophiolite complex, which hosts serpentinized ultramafic rocks enriched in nickel, chromium and cobalt. The primary nickel mineral is awaruite, a sulfur-free, naturally occurring nickel-iron alloy (Ni₃Fe) composed of approximately 75% nickel.\n \n\n Phase 1 drilling at the Project has revealed wide zones of visible awaruite nickel mineralization, with assays confirming nickel grades consistently distributed across multiple drill holes. Initial Davis Tube Recovery (DTR) metallurgical testing indicates that magnetic separation is effective in separating and concentrating awaruite nickel. Unlike conventional nickel extraction methods, awaruite can be processed without smelting or roasting, offering a low carbon, environmentally superior alternative with domestic processing capabilities and non-acidic tailings.\n \n\n The environmental advantage of awaruite lies in its sulfur-free composition, which eliminates the need for energy-intensive smelting or roasting processes typically required to remove sulfur compounds from conventional nickel ores. Because secondary processing isn't required, awaruite nickel offers high payability, avoiding the treatment, refining, and shipping charges usually associated with traditional processes such as smelting or roasting. The use of magnetic separation allows for the efficient handling of large rock volumes, reducing initial rock volume by approximately 90%, producing a high-grade concentrate that can be further enhanced through subsequent flotation stages.\n \n\n The Company is preparing to launch its...