First Atlantic Nickel & Cobalt Corp. · TSXV:FAN
First Atlantic Nickel & Cobalt — Investor Presentation (December 2024)
25 slides from First Atlantic Nickel & Cobalt's investor presentation, December 2024
Slide 1: Leading the Charge
LEADING THE CHARGE North Americas First Awaruite Nickel District in the Atlantic TSXV:FAN OTC:FANCF FSE:P21 INVESTOR RELATIONS: 1.844.592.6337 / ir@fanickel.com
Slide 2: Disclaimer
FIRST MOVER CRITICAL MEETING ADVANTAGE MINERAL SECURITY FUTURE DEMAND SUPERIOR NICKEL TOP TIER UNPARALLELED PROJECT LOCATION SIZE DISCLAIMER: This presentation does not constitute an any particular person. No representation or warranty, Forward-looking statements are based on the includes informatio
Slide 3: Investor Highlights
INVESTOR HIGHLIGHTS AWARUITE: FUTURE OF CLEAN NICKEL Awaruite, a rare high-nickel alloy, offers potential for sustainable, high-value nickel EXPERIENCED TEAM, UNDERVALUED OPPORTUNITY concentrate production without smelting, resulting in a lower environmental footprint. Management with proven track r
Slide 4: Nickel: Essential to the Modern World
NICKEL: ESSENTIAL TO THE MODERN WORLD ESSENTIAL TO STAINLESS STEEL ALLOYS • Nickel enhances stainless steels Infrastructure & corrosion resistance, high-temperature Military & performance, and strength, enabling its Construction Defense use in demanding applications. ESSENTIAL TO ENERGY • Nickel's h
Slide 5: Nickel: In Demand
NICKEL: IN DEMAND “Overall mineral demand from electric vehicles in the SDS grows by nearly 30 times between 2020 and 2040, with Nickel is essential for construction demand for lithium and nickel growing because of the strength, durability, 1 World Trade Center by around 40 times” Outokumpu Stainles
Slide 6: Nickel Powers High-Performance EV Batteries
NICKEL POWERS HIGH-PERFORMANCE EV BATTERIES NMC (Nickel Manganese Cobalt) and NMA (Nickel Manganese Aluminum) are two leading cathode chemistries that leverage nickel to enhance EV battery performance: • Increased Range: • Beyond Lithium-Ion: Nickel enables lighter, Nickel cathodes show compact batt
Slide 7: Cybertruck: A Nickel Beast
CYBERTRUCK: A NICKEL BEAST Tesla's Cybertruck could require the output of two nickel mines, with one mine feeding its 80%+ nickel NMC battery and another supplying its nickel-rich stainless steel body. CYBERTRUCK NICKEL DEMAND2 The Cybertruck Features Tesla's 4680 cells with a high nickel-cobalt-man
Slide 8: Nickel: Clean Energy Technology to Supercharge Demand
NICKEL: CLEAN ENERGY TECHNOLOGY TO SUPERCHARGE DEMAND SUSTAINABLE DEVELOPMENT SCENARIO (SDS) MINERAL DEMAND GROWTH FROM BATTERY STORAGE ADDITIONS1 CLEAN ENERGY NEEDS NICKEL1 150 Nickel Clean Energy Multiple of 2020 Demand Technology Importance EVs and Battery Storage 100 Geothermal Hydrogen 50 Conce
Slide 9: Nickel: The Strategic Mineral
The Energy Act of 2020 defines NICKEL: THE a “critical mineral” as a non-fuel mineral or mineral material essential to the economic or national security STRATEGIC MINERAL of the U.S. and which has a supply chain vulnerable to disruption.5 • USA Mines less than 1% Feb. 2022: Nickel added as a critica
Slide 10: Nickel: Vulnerable Supply Chain
NICKEL: VULNERABLE SUPPLY CHAIN NATO countries are currently dependent on Indonesia for supply and China for processing: Indonesia controls 50% of China controls 80% of global China controls 84% of the Indonesian global nickel mining 1 processing for nickel sulphide 3 nickel market through investmen
Slide 11: Awaruite: Clean Nickel of the Future
AWARUITE: CLEAN NICKEL OF THE FUTURE Awaruite is a naturally occurring nickel-iron alloy (Ni3Fe), formed during serpentinization of ultramafic rocks without sulfur, unlike nickel sulfides and laterites. Nickel NO SMELTING HIGH PAYABILITY Key Attribute Nickel Sulfides Awaruite Laterites Direct supply
Slide 12: Awaruite: Magnetic Mineral Processing Technology
AWARUITE: MAGNETIC MINERAL PROCESSING TECHNOLOGY Magnetic mineral processing is a superior, established, economic, safe, and efficient technology for extracting nickel and other economic minerals from rocks, proven in iron ore processing for over a century. 1 2 3 4 CRUSHING & GRINDING MAGNETIC SEPAR
Slide 13: Nickel Rush: Corporate Giants & US Government Fuel Investment Surge
NICKEL RUSH: CORPORATE GIANTS & US GOVERNMENT FUEL INVESTMENT SURGE JAN 10, 2022 JULY 3, 2023 JUNE 2022 OCT 19, 2022 FEB 8, 2023 SEPT 21, 2023 JAN 22 2024 SEPT 2024 $1+ BILLION $410M MAR 22, 2024 Talon Metals $4.94M $114M $24M JV PARTNER $14.4M $500M $500M Stillwater Talon Metals Canada Nickel Polym
Slide 14: Strategic Location
STRATEGIC LOCATION Newfoundland is a prime location to supply nickel for North America and European steel and EV supply chains • Newfoundland's Atlantic Ocean location within NATO territory ensures a safe, stable environment for mining, enhancing supply chain security • Newfoundland’s strategic deep
Slide 15: Newfoundland: Prime Real Estate for Critical Minerals
NEWFOUNDLAND: PRIME REAL VOISEY’S WEST PROJECT ESTATE FOR CRITICAL MINERALS Newfoundland's recent battery and precious metals staking rush highlights its promising mineral potential: 1 • Top Mining Jurisdiction: Newfoundland and Labrador is the world's 4th most attractive region for mining investmen
Slide 16: Atlantic Nickel Project Overview
PROJECT OVERVIEW PRIME LOCATION ATLANTIC NICKEL PROJECT 40 km from Grand Falls- Windsor, Newfoundland, Canada - a top-tier PIPESTONE OPHIOLITE COMPLEX : GEOLOGICAL WONDER mining jurisdiction with a pro-mining government A massive slab of ancient ocean crust and upper mantle, the and community. Pipes
Slide 17: Atlantic Nickel Project History
ATLANTIC NICKEL PROJECT HISTORICAL DRILLING SUCCESS Drill Hole 78-AL-1 (left) re-assayed PROJECT HISTORY up to 0.27% Ni and 0.22% Ni over 87.15 meters, ending in nickel mineralization open in all directions. HIGH-POTENTIAL DISCOVERY MAGNETIC SURVEY CORRELATION Identified in 2010 by Altius Minerals &
Slide 18: Geological Setting
ATLANTIC NICKEL PROJECT HIGH MAGNETICS AND SERPENTINIZATION Simultaneous formation of magnetite GEOLOGICAL SETTING and magnetic nickel-iron alloy (awaruite) correlate with magnetic highs and nickel. Mapping and geophysics indicate significant continuity across the property. Project covers almost ent
Slide 19: Comparison to Other Bulk Tonnage Nickel Canadian Deposits
Images show the total magnetic intensity (TMI) signature over three project areas and are shown at same scale. Data is sourced from Government of ATLANTIC NICKEL PROJECT Canada Geoscience Data Repository for Geophysical Data. A comparison of COMPARISON TO OTHER the magnetic anomaly size, rock type,
Slide 20: Voisey's West Project Overview
The Voisey's West project is near the PROJECT OVERVIEW world-class Voisey Bay Nickel Mine VOISEY'S WEST with 32.4 million tonnes at 2.13% nickel and 10.3 million tonnes at 0.87% nickel, acquired by Vale for $4.5 billion in 1996. HISTORY EXPLORATION POTENTIAL Voisey's Bay: Historic $4.5B discovery (1
Slide 21: 2023-24 Exploration
VOISEY'S WEST PROJECT 2023-24 EXPLORATION The Company completed a detailed 2023 FIRST ATLANTIC NICKEL DRILLING PROGRAM HIGHLIGHTS compilation program, including re- sampling of historic drill cores and Hole From (m) To (m) Int (m) Ni (%) Cu (%) Co (%) Au (g/t) Pt (g/t) Pd (g/t) PEG + Au (g/t) NiEq (
Slide 22: 2024 Project Operations Plan
2024 PROJECT OPERATIONS PLAN ATLANTIC NICKEL PROJECT 2024 PHASE 1 2024 PHASE 2 Fly advanced geophysical drone surveys GEOPHYSICS to enhance resolution in the north zone Field work further defining nickel-enriched MAPPING & SAMPLING areas (sampling and alteration mapping) TARGET DEFINITION Finalize a
Slide 23: Comparables
COMPARABLES First Atlantic FPX Nickel Corp Canada Nickel EVNI Polymet Historical High Value Project Atlantic Nickel Baptiste Crawford Carlang NorthMet Nickel Acquisitions Grand Falls- Fort St James, Timmins, Timmins, Hoyt Lakes, Location Windsor, Share British Columbia Ontario Ontario Minnesota Comp
Slide 24: Management
MANAGEMENT Adrian Smith P.Geo Kosta Tsoutsis James Turner P.Geo Dr. Ron Britten Rahim Kassim-Lakha CEO & Director Director Technical Advisor Technical Advisor Strategic Advisor 15+ years mining and 20+ years finance and capital 45+ years industry World-renowned nickel 28+ years of experience in expl
Slide 25: Contact
TSXV:FAN OTC:FANCF FSE:P21 1890 - 1075 West Georgia Street, Vancouver, BC V6E 3C9 T. 844.592.6337 ir@fanickel.com F. 604.687.3141 www.fanickel.com
First Atlantic Nickel & Cobalt — Investor Presentation (December 2024) on 6ix