Fathom Nickel Completes Final Tranche of $1.5 Million Private Placement

Fathom Nickel Inc. has concluded the final tranche of its non-brokered offering, raising gross proceeds of $1.5 million. The closing follows a strategic investment by Crescat Capital LLC, contributing 33% of the offering, bringing their stake in Fathom to 17.1% of outstanding shares. The offering issued 50 million units at $0.03 per unit, totalizing $1.5 million.

Each unit includes one common share and one transferable warrant, exercisable at $0.05 for 36 months. Proceeds are earmarked for the Gochager Lake Project and general corporate purposes. A total of $17,990 was paid in cash commissions with 779,842 broker warrants issued to certain entities.

Fathom's portfolio includes three significant projects in Saskatchewan, aiming for nickel sulphide discoveries crucial for the energy transition.