Fathom Nickel, Inc. · CSE:FNI
Fathom Nickel — Investor Presentation (November 2025)
23 slides from Fathom Nickel's investor presentation, November 2025
Slide 1: Securing North American Supply of Critical Minerals
Securing North American Supply of Critical Minerals Emerging High-Grade Magmatic Nickel Sulphide District Copper-Cobalt+PGE Associated Mineralization Saskatchewan, Canada CSE:FNI FSE:6Q5 OTC:FNICF Corporate Presentation November 2025 | 1
Slide 2: Notice To Reader
Notice To Reader Certain information set forth in this presentation contains “forward-looking Although forward-looking statements contained in this presentation are based information”, including “future oriented financial information” and “financial upon what management of Fathom believes are reason
Slide 3: Geological Setting of Fathom Projects
Geological Setting of Fathom Projects Located in the Trans Hudson Orogen, host to numerous world-class mining camps Deposit Project Owner Commodity Status Type Past Producer: ~26k tonnes @ Ni-Cu-Co + 3E¹ 3.28% Ni, 1.83% Cu, 9.63 g/t Albert Lake + Au 3E Fathom Magmatic Exploration 1 Gochager Nickel S
Slide 4: Why Fathom – Why Saskatchewan?
Why Fathom – Why Saskatchewan? Discovery Size Ni Cu Co 3E¹ Takeover Deposit Name Location Discovery Co. Takeover Co. Date (M tonne) wt % wt% wt % (g/t) Price Tag Namew Lake MN Canada Hudbay Outukumpu Mined out 1984 2.57 1.79 0.63 1.20 Voisey's Bay NL Canada Diamond Resources INCO (Vale) 1996 31.70 2
Slide 5: Fathom Nickel Portfolio
Fathom Nickel Portfolio Three Very Prospective Ni-Cu + Co±PGE Projects: Albert Lake • 133,000+ hectares Southend • 100% ownership Albert Lake • Historic Rottenstone Mine (1965-1969)³ Friesen • Small open pit mine: grade 3.28% Ni, 1.83% Cu, 9.63 g/t 3E • South Albert Lake new gold discovery Lake Goch
Slide 6: Gochager Lake Project Ni-Cu + Co
Gochager Lake Project Ni-Cu + Co CSE:FNI FSE:6Q5 OTC:FNICF Corporate Presentation November 2025 | 6
Slide 7: Long-Section Gochager Lake Deposit
Historic Gochager Lake Deposit Long-Section Gochager Lake Deposit From To Length Ni Cu Co Drillhole (m) (m) (m)* wt % wt% wt % GL23003 124.45 182.65 58.20 1.49 0.38 0.11 including 125.80 147.65 21.85 2.26 0.50 0.17 GL23004 250.15 275.00 24.85 0.58 0.19 0.05 including 250.90 253.20 2.40 1.38 0.43 0.1
Slide 8: Exploration Success Demonstrating Scale
Exploration Success Demonstrating Scale Gabbro – disseminated sulphides • Historic Gochager Lake deposit host intrusions continue along strike a minimum Mineralized Gabbro in outcrop 3.5km ~3.5 km along strike from Gochager Lake Deposit • Mineralized “container rock” at deposit hosts • Disseminated
Slide 9: Exploration Success Demonstrating Scale
Exploration Success Demonstrating Scale Mineralized Gabbro Mineralized Gabbro Mineralized Gabbro In Outcrop In Outcrop In Outcrop • 2024-2025 soil geochemistry highlights minimum 8.6km strike of highly anomalous Ni-Co-Cu + critical pathfinder elements Cr-Mg • Multiple zones where soil geochem and mi
Slide 10: Clustering of Magmatic Nickel Sulphide Ore Deposits
Exploration Model Clustering of Magmatic Nickel Sulphide Ore Deposits At Gochager Lake deposit: Chaotic multi-phase intrusions Disseminated Ni-Cu-Co sulphides Massive-vein Ni-Cu-Co sulphides Semi-massive to massive, breccia Ni-Cu-Co sulphides Voisey’s Bay The Ovoid Massive Ni-Cu-Co Sulphide
Slide 11: Gochager Cobalt Mineralization
Gochager Cobalt Mineralization Polished Thin Section GL23003 @ 144.5m Coarse granular pentlandite Pn Pn Po Loop pentlandite (Pn) on pyrrhotite Pn (Po) grain boundaries 0.5mm • Microprobe work highlights Gochager unique and high cobalt content in pentlandite • Relative to other world class nickel dis
Slide 12: Rottenstone Mine Operation
Rottenstone Mine Operation circa 1965 Albert Lake Project Ni-Cu-Co + PGE CSE:FNI FSE:6Q5 OTC:FNICF Corporate Presentation November 2025 | 12
Slide 13: Exploration Success Key Criteria
Exploration Success Key Criteria Albert Lake project exploration 2021 – 2024: Proof of concept: Historic, high-grade Rottenstone deposit Ni-Cu + PGE (mine) not an isolated occurrence Historic grade due to large, dynamic and open Magmatic Nickel Sulphide system Three, new Rottenstone-like disco
Slide 14: 5-17% Ni Tenor Rottenstone Nic5 – Tremblay-Olson
Rottenstone Mineralization Ni-tenor Rottenstone Deposit South Extension Drillhole AL21024 Rottenstone Style Mineralization • 1.46% Ni, 1.39% Cu, 0.05% Co, 6.91 g/t 3E / 4.00m Ni-tenor = up to 17% Bay-Island Trend • with 1.71% Ni, 1.21% Cu, 0.06% Co, 20.26 g/t 3E / AL22052 1.01m AL21024 intersection
Slide 15: PGE Perspective Potential
PGE Perspective Potential PGE+Au 3E¹ Pd Pt Rh Ir Os Ru Au Ag Ni Cu Co Zone g/t g/t g/t g/t g/t g/t g/t g/t g/t g/t wt% wt% wt% 2017 Met Sample (Rottenstone Mine Rock) 11.03 10.00 5.76 3.71 0.20 0.11 0.13 0.06 0.53 7.00 4.08 1.38 0.09 Float South Rottenstone Pit Boundary 19.19 7.30 11.55 0.34 6.80 4.
Slide 16: Rottenstone Mine Extension
PGE Perspective Potential Length 3E¹ Pd Pt Au Ni Cu Co Ag Zone Drillhole Id From To (m)* g/t g/t g/t g/t wt% wt% wt% g/t Rottenstone Mine Extension AL21024 4.50 11.41 6.91 4.39 1.31 3.06 0.02 1.13 0.93 0.04 Rottenstone Mine Extension including 6.77 10.77 4.00 6.91 1.77 5.12 0.03 1.29 1.10 0.04 Rotte
Slide 17: Albert Lake South – Gold Zone
Albert Lake South – Gold Zone • Fathom August 2024; 144 outcrop grab samples collected along strike of Ranger-001 in a structurally complex area as defined by Gradient MAG survey flown by Fathom in 2022 • New Gold Zone discovery • Outcrop grab sample 2.68 g/t Au ~ 14km along strike the Ranger-001 di
Slide 18: Company Milestones
Company Milestones Private company 2015 – 2021: • Secured a stranded asset - the Rottenstone property in 2015 • Expanded asset to 90,000+ha and renamed Rottenstone property to Albert Lake property prior to IPO Went public in May 2021: • Goal of IPO was to raise C$3-$5,000,000 • IPO closed on C$11,00
Slide 19: Company 2026 Outlook
Company 2026 Outlook Gochager Lake Project: • Finance the project • Q1-2026 • Detailed surface geophysics EM program to define coincident conductors with multiple soil / mapping anomalies • Utilize Winter access trail permit to mobilize drilling equipment and fuel to project • Drill – 3,000-5,000m d
Slide 20: Company Snapshot
Company Snapshot Trading well below true value Cash Balance of ~ $600,000 Share Structure and Capitalization (as Oct 31, 2025) Share Price – 12 months (as of Oct 31, 2025) Shares % $0.06 Management & Insiders 12,898,991 6.4% Institutional (est.) 44,316,275 22.0% $0.05 Retail (est.) 144,121,425 71.6%
Slide 21: Management and Board
Management and Board Ian Fraser Doug Porter Alan Coutts CEO, VP Exploration, Director President, CFO, Director Director • Co-founder of Fathom Nickel, 35+ • Senior financial and • Senior mining executive with over years of mineral exploration accounting executive with 35 years domestic and internati
Slide 22: Ian Fraser
Ian Fraser CEO, VP Exploration, Director ifraser@fathomnickel.com +1(403) 650-9760 Doug Porter President, CFO, Director dporter@fathomnickel.com +1(403) 870-4349 CSE:FNI FSE:6Q5 OTC:FNICF Corporate Presentation November 2025 | 22
Slide 23: Not Just Nickel
Not Just Nickel Ni YTD price Pd YTD price Share Structure and Capitalization (as June 9, 2025) Cu YTD price Co YTD price CSE:FNI FSE:6Q5 OTC:FNICF Corporate Presentation November 2025 | 23
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