First Atlantic Nickel & Cobalt Highlights G7 Leaders' Declaration on Critical Minerals: G7 Names Nickel One of Only Two Pilot Minerals for a New Allied Traceability Framework, Moves to Mobilize Equity Investment and Offtake, and Establishes a Critical Minerals Resilience and Production Alliance

About this update from First Atlantic Nickel & Cobalt Corp.

Grand Falls-Windsor, Newfoundland and Labrador--(Newsfile Corp. - June 19, 2026) - First Atlantic Nickel & Cobalt Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (the "Company" or "First Atlantic") today commented on the G7 Leaders' Declaration on Securing Supply Chains for Critical Minerals, issued at the 2026 G7 Summit in Évian, France, on June 17, 2026.1 The declaration names lithium and nickel as the first two "pilot" critical minerals for a new G7-wide traceability framework; commits G7 governments to mobilize equity investment, guarantees and offtake to close the investment gap before 2030; and establishes a new G7 Critical Minerals Resilience and Production Alliance to coordinate financing, diversification and transparency across allied jurisdictions. Nickel and cobalt are two of Canada's six priority critical minerals, singled out from a list of 312. Both are also designated as critical minerals in the United States, where nickel holds a dual energy-and-defence designation. First Atlantic's wholly owned Pipestone XL Nickel-Cobalt Alloy Project is located in Newfoundland, a G7 jurisdiction, and is being advanced as an allied source of awaruite, a naturally occurring nickel-iron-cobalt alloy (Ni-Fe-Co). Awaruite (Ni3Fe) offers a pathway to fully vertical critical mineral supply chains inside the G7. Because this sulphur-free, naturally magnetic alloy already exists in metallic form, magnetic separation and flotation can upgrade it directly into a high-grade concentrate of approximately 60% nickel,[3] without the smelting, roasting or high-pressure acid leaching that conventional processing requires, and without the associated electricity demand, emissions and acid-mine-drainage risk. Awaruite concentrate can move directly into downstream battery refining, stainless steel, specialty alloys, aerospace and defence manufacturing. The Company believes this pathway is directly relevant to the processing capacity the G7 is mobilizing to build outside any single dominant supplier. The U.S. Geological Survey identified this advantage in its 2012 Mineral Commodity Summaries: "Awaruite, a natural iron-nickel alloy, is much easier to concentrate than pentlandite, the principal sulfide of nickel." Today, Chinese firms control roughly 75% of Indonesia's nickel refining capacity[4], while Indonesia represents...

View stock analysis, news, and events for First Atlantic Nickel & Cobalt Corp.