First Atlantic Nickel & Cobalt Releases White Paper, "Onshoring the Nickel-Cobalt Supply Chain. Without a Smelter," at Critical Minerals for Defence 2026 in Toronto

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First Atlantic Nickel & Cobalt Releases White Paper, “Onshoring the Nickel-Cobalt Supply Chain. Without a Smelter,” at Critical Minerals for Defence 2026 in Toronto Investors and interested parties can access the white paper at www.fanickel.com GRAND FALLS-WINDSOR, Newfoundland and Labrador, June 09, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel & Cobalt Corp. (TSXV: FAN | OTCQB: FANCF | FSE: P21) (“First Atlantic” or the “Company”) today announced the release of its white paper, “Onshoring the Nickel-Cobalt Supply Chain. Without A Smelter.” at Critical Minerals for Defence 2026, taking place June 9–10, 2026 at the Marriott Downtown CF Toronto Eaton Centre, and is available now at www.fanickel.com. As announced on June 5, 2026, First Atlantic is participating as an official exhibitor at the conference, where it is showcasing drill core and samples of awaruite (Ni₃Fe), a naturally occurring magnetic nickel-iron-cobalt alloy (Ni-Fe-Co), from its wholly owned Pipestone XL Nickel-Cobalt Alloy Project. The white paper builds on the Company’s participation at the conference and outlines a mine to metal pathway for awaruite, highlighting how its metallic, sulfur-free composition would remove the need for midstream smelting and support the production of a high-grade nickel-cobalt concentrate for downstream North American EV battery refining, specialty alloy and stainless-steel production. The white paper details how awaruite’s metallic, sulfur-free composition allows it to be concentrated through magnetic separation and flotation into a high-grade concentrate suitable for downstream refining and stainless-steel production, without conventional smelting, roasting, or high-pressure acid leaching. Electron microprobe analysis by SGS Canada Inc. of awaruite grains from the RPM Zone reported averages of 77.62% nickel and 1.69% cobalt. The white paper also notes that North America’s current midstream smelting nickel capacity is constrained, with just two operational pyrometallurgical nickel smelters remaining in operation in Ontario, underscoring the strategic relevance of a smelter-free processing pathway for allied defence and industrial supply chains. Investors and interested parties can access the full white paper at www.fanickel.com, where they can also sign up to ...

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