First Atlantic Nickel & Cobalt Added to NASDAQ Sprott Nickel Miners™ Index, Tracked by the Sprott Nickel Miners ETF (NASDAQ: NIKL)

About this update from First Atlantic Nickel & Cobalt Corp.

GRAND FALLS-WINDSOR, Newfoundland and Labrador, July 14, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel & Cobalt Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P210) ("First Atlantic" or the "Company") is pleased to announce that it has been added to the NASDAQ Sprott Nickel Miners™ Index (NSNIKL), effective June 22, 2026, following the index's semi-annual rebalancing. The NASDAQ Sprott Nickel Miners™ Index is the underlying index tracked by the Sprott Nickel Miners ETF (NASDAQ: NIKL), which seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the index. The index is designed to track the performance of a selection of global securities in the nickel industry, including nickel producers, developers, and explorers. Index constituents and weightings are subject to change. The Company's principal focus is the continued exploration and development of its 100%-owned Pipestone XL Nickel-Cobalt (Ni-Fe-Co) Alloy Project in central Newfoundland. Pipestone XL spans a 30-kilometre ultramafic belt hosting multiple zones of awaruite, a naturally occurring magnetic nickel-iron-cobalt alloy that the Company has upgraded to a high-grade nickel-cobalt concentrate using magnetic separation and flotation, without the need for conventional smelting. First Atlantic welcomes calls directly from shareholders and prospective investors. For questions about the Company or the Pipestone XL project, or simply to learn more, investors are invited to call Rob Guzman, Investor Relations , at +1-844-592-6337 or email [email protected] . PIPESTONE XL: A DISTRICT-SCALE NICKEL-COBALT ALLOY PROJECT Pipestone XL is First Atlantic's wholly owned, district-scale project spanning the entire 30-kilometre Pipestone Ophiolite Complex in central Newfoundland, a belt of ultramafic rock enriched in nickel, cobalt, and chromium. The project hosts multiple zones of awaruite (Ni₃Fe) mineralization, including RPM, Alloy Max, Super Gulp, Atlantic Lake, and Chrome Pond. The RPM Zone is the most advanced, where drilling has outlined magnetically recoverable awaruite over more than 1.2 kilometres of strike and more than 800 metres of width. Drilling is ongoing at Alloy Max, a second large-scale zone spanning approximately 4 kilometres of strike and up to 1.5 kilometres of width, larger than the RPM Zone. Figure 1: Pipestone XL Nickel-Cobalt (Ni-Fe-Co) Alloy Project map showing the RPM Zone, Chrome Pond, Alloy Max, Super Gulp, Gulp Pond and Atlantic Lake target zones along the 30 km trend over total magnetic intensity (TMI), with mineralization open along the trend.

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