Is the Future Electric? Five Nickel Investments to Know About

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Tuesday, July 2, 2024

The nickel market is heating up, and major players are taking notice. Here are just a few examples:

• Vale (NYSE: VALE), a mining giant, announced a whopping $3.3 billion investment to boost its copper and nickel output, demonstrating their confidence in the growing demand for these metals.

• Ford (NYSE: F), recognizing the importance of nickel in electric vehicle production, is taking a direct stake in a battery-nickel plant in Indonesia. This move highlights the proactive approach carmakers are taking to secure their supply chain for EV batteries.

• Samsung SDI, a leading electric vehicle battery manufacturer, invested $18.5 million in Canada Nickel Company (TSX-Venture: CNC), securing an 8.7% stake and the right to purchase a 10% equity interest in their Crawford nickel project.

• Agnico Eagle (NYSE: AEM) (TSX: AEM), a prominent gold producer, is diversifying its portfolio with a $34 million investment in a Timmins nickel project. This unexpected move indicates the broader appeal of nickel beyond the traditional electric vehicle market.

These actions by industry leaders paint a clear picture: the future is electric, and nickel is a crucial component .

Fathom Nickel Inc. - A Small Player with Big Potential

While the big guys are making headlines, smaller companies like Fathom Nickel are also making significant strides.  Fathom Nickel Inc. (CSE: FNI) (OTCQB: FNICF) holds two - make that three - promising nickel projects in the metal-rich Trans-Hudson Corridor:

• Albert Lake Project, a 90,000+ hectare project that was host to the historic and past producing Rottenstone Mine (produced 28,724 tons @3.3% Ni, 1.8% Cu, 9.63 g/t 3E (Pd-Pt+Au) 1965-1969).

• Gochager Lake Project, a 22,000+ hectare project that is host to a historic, NI43-101 non-compliant open pit resource consisting of 4.3 million tons at 0.295% Ni and 0.081% Cu.

• Friesen Lake Project, a newly acquired 10,000+ hectare Ni-Cu-Pt project located 50 kilometers southwest of the historic Rottenstone Mine and 30 kilometers northwest of the historic Gochager Lake deposit.

Fathom announced the acquisition of the Friesen Lake project on June 24, noting that nearby Ramp Metals (TSX-Venture: RAMP) posted positive gold intercepts within 5km of the Albert Lake property. Ramp calls their property the Rottenstone SW property.  Ramp recently had a spike in its stock, pushing its market cap to $24.6 million, about 3.5x that of Fathom’s currently.

Drilling at Gochager

Fathom recently secured a new two-year exploration permit and kicked off field activities at the Gochager Lake project. The permit allows for up to 60 drillholes. A 25-person camp will be established for long-term operations, while temporary "fly camps" will be used during summer and fall for targeted exploration. These temporary camps will facilitate activities like mapping, soil sampling, and geophysical surveys. Additionally, crews will prepare access routes for drilling equipment.

Current field activities are focused on defining the Gochager Lake deposit's geochemical signature to locate similar deposits in the vicinity. Geological mapping and geophysical surveys will also be conducted to identify promising areas for further exploration. The entire field program is expected to wrap up by June 30th, 2024.

Also, from Gochager, Fathom reported results from the winter drill program and that it continues to encounter high-grade mineralization at depth and is expanding the deposit's footprint in all directions. Highlights of the drill program include a cut of 7.39m @ 1.43% Ni, 0.38% Cu, 0.11% Co (1.80% NiEq), 3.96m @ 2.28% Ni, 0.51% Cu, 0.18% Co (2.82% NiEq), and 4.32m @ 1.15% Ni, 0.16% Cu, 0.10% Co (1.38% NiEq).

Nickel Rush Winner

The nickel rush is on, and with the electric vehicle revolution in full swing, this critical metal is poised for a bright future. While established giants are making their moves, don't overlook the potential of smaller, agile players like Fathom Nickel.

Fathom boasts a strategic portfolio of projects in the heart of a proven nickel district. They're actively drilling and expanding known deposits, demonstrating a commitment to growth. The recent acquisition of the Friesen Lake project adds another promising target to their portfolio. With a clear focus and promising results, Fathom is well-positioned to be a frontrunner in the booming nickel market. Keep a close eye on this exciting company as it carves its path in the electric future.

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Fathom Nickel Inc. (CSE: FNI) (OTCQB: FNICF) Full Corporate Write-Up: Click Here. 

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