Fathom Nickel Announces the Closing of the Second and Final Tranche of Upsized C$4 Million Private Placement

About this update from Fathom Nickel, Inc.

Calgary, Alberta--(Newsfile Corp. - February 26, 2026) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announce that it has closed the second and final tranche of its upsized non-brokered private placement (the "Upsized Offering"), previously announced on January 28, 2026. Pursuant to the Upsized Offering, the Company has issued 24,970,947 non-flow through units (the "NFT Units") at a price per NFT Unit of C$0.031 for gross proceeds of C$774,099 in this second tranche closing. Combined with the first tranche closing (announced February 18, 2026) the Company issued a total of 52,083,334 charity flow-through units (the "Charity FT Units") at a price per Charity FT Unit of C$0.048 for gross proceeds of C$2,500,000, and 48,387,076 non-flow through Units (the "NFT Units") at a price per NFT Unit of C$0.031 for gross proceeds of C$1,499,999. Combined gross proceeds of the closing of the first and second tranches of the Upsized Offering was C$3,999,999. Each NFT Unit consists of one common share of the Company (a "Common Share") and one transferable Common Share purchase warrant (a "Warrant") that is exercisable into one Common Share ("Warrant Share") for a period of 36 months from issuance at an exercise price of C$0.05. Each Charity FT Unit consists of one "flow-through" Common Share (a "FT Share") and one transferable Common Share purchase warrant (a "FT Unit Warrant"), exercisable into a Warrant Share for 36 months from issuance at an exercise price of C$0.05. The FT Shares and FT Unit Warrants comprising the Charity FT Units will qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada) (the "Tax Act") and as "eligible flow-through shares" as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (the "SK Regulations"). The combined 100,470,410 NFT and Charity FT Units were issued in accordance with the accredited investor exemption under National Instrument 45-106 Prospectus Exemptions and are subject to a resale restriction of four months and one day from the date of distribution. Commenting on the closing of the Upsized Offering, Fathom President & CFO, Doug Porter, commented, "With the cl...

View stock analysis, news, and events for Fathom Nickel, Inc.