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RETRANSMISSION: First Atlantic Nickel Renames Atlantic Nickel Project to Pipestone XL to Reflect 100% Ownership of 30 km Pipestone Ophiolite Complex and Provides Updates on RPM Phase 2X Program
Grand Falls-Windsor, Newfoundland and Labrador--(Newsfile Corp. - September 24, 2025) - First Atl...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"RETRANSMISSION: First Atlantic Nickel Renames Atlantic Nickel Project to Pipestone XL to Reflect 100% Ownership of 30 km Pipestone Ophiolite Complex and Provides Updates on RPM Phase 2X ProgramGrand Falls-Windsor, Newfoundland and Labrador--(Newsfile Corp. - September 24, 2025) - First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (\"First Atlantic\" or the \"Company\") is pleased to announce that it has renamed its flagship Atlantic Nickel Project to Pipestone XL, reflecting the Company's 100% ownership of the entire 30-kilometer Pipestone Ophiolite Ultramafic Complex. The new name emphasizes the district-scale potential of the project, which hosts multiple zones of awaruite (Ni3Fe) nickel alloy mineralization, including the high-priority RPM Zone, the Super Gulp Zone, the historical Atlantic Lake Zone, and additional discoveries of visible awaruite mineralization discovered during the Company's 2025 regional exploration program throughout the complex. The RPM Phase 2 drilling program will now be referred to as Phase 2X, underscoring the Company's objective to double (\"2X\") both the strike length and expand the width of awaruite mineralization established during the Phase 1 drill program at the RPM Zone. The Pipestone XL name also highlights the project's clean energy potential, including ongoing geologic hydrogen research in partnership with Colorado School of Mines announced March 19, 2025.Following a series of acquisitions in the first half of 2024 that consolidated the entire 30-kilometer Pipestone Ophiolite Complex, First Atlantic has advanced the geological understanding of this serpentinized ultramafic complex through systematic exploration. The Company's technical team, led by Senior Project Geologist Michael Piller, author of the 2011 Memorial University thesis \"An Examination of Awaruite (Ni₃Fe) Formation During Serpentinization of the Pipestone Pond Ophiolitic Complex in the Atlantic Lake Area, Central Newfoundland\" researched in conjunction with Cliffs Natural Resources Inc. (now Cleveland-Cliffs - a large US steel producer) and Altius Resources Inc., recognized that historical exploration focused primarily on the northern Atlantic Lake area, while the southern regions remained underexplored. This district-scale approach led to the discovery of the RPM and Super Gulp zones during surface exp...