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Fathom Nickel Inc C.FNI

Alternate Symbol(s):  FNICF

Fathom Nickel Inc. is a Canada-based exploration company. The Company is targeting magmatic nickel sulfide discoveries to support the growing global electric vehicle market and to secure the supply of North American critical minerals. The Company has a portfolio of three exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: Albert Lake Project, Gochager Lake Project, and Friesen Lake Project. The Albert Lake property consists of approximately 90,000+ hectares, located within the Rottenstone Domain, which defines the western margin of the Trans Hudson Corridor. The Gochager Lake property, consists of 34 contiguous mineral claims totaling over 22,620 hectares. Its 10,000+ hectare Friesen Lake Project is located 40 kilometers (km) southwest of the historic Rottenstone Mine and 30km northwest of the Gochager Lake deposit.


CSE:FNI - Post by User

Comment by megacopperon Apr 26, 2024 3:54am
201 Views
Post# 36008713

RE:Any hope ?

RE:Any hope ?

amandeepsbhatia wrote: Is there any long term hope for fni from here on at .065 c  ? Thanks 

 



Yes of course there is still hope. We are waiting for the drill results from the drilling at Gochager which should be released within the next two or three weeks. Those results could be positive but I'm thinking they won't be anything earth shattering.  The stock is a very good buy now in my opinion. Unfortunately for most of us we got in at much higher levels and the news up until now hasn't been great.


The company has two excellent nickel properties but the results to date have been poor at Albert Lake and Gochager has been ok but a long ways from an economic resource based on everything we know so far and hence the reason for FNI trading at 7 cents. The market knows they need to raise money once again and that doesn't help either due to further dilution to existing shareholders. I wish I could be more positive but that is the way I see it currently. 

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