First Atlantic Nickel Appoints World-Renowned Economic Geologist and Nickel Expert Dr. Ron Britten as Technical Advisor to Advance the Atlantic Nickel Project
First Atlantic Nickel Appoints World-Renowned Economic Geologist
and Nickel Expert Dr. Ron Britten as Technical Advisor to
Advance the Atlantic Nickel Project
Vancouver, British Columbia, June 27, 2024 - First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB:
FANCF) (FSE: P21) ("First Atlantic", "FAN", or "the Company") is delighted to welcome Dr. Ron
Britten, a world-renowned nickel expert with a specialty in awaruite, as a Technical Advisor for
the Company's wholly owned Atlantic Nickel Project located in Newfoundland, Canada. Dr.
Britten's expertise in nickel deposits is exemplified by his discovery of the Decar awaruite project
in British Columbia. His deep understanding of this unique nickel mineralization will be invaluable
to First Atlantic's exploration and development efforts. The Company is also pleased to announce
the appointment of Mr. Rahim Kassim -Lakha, a global investment and capital markets
professional, as a Strategic Advisor. These strategic additions to the advisory team, effective
immediately, position First Atlantic to lead the charge in exploring and developing the first awaruite
nickel project in Atlantic Canada.
Highlights
● Dr. Ron Britten, world-renowned nickel expert, joins First Atlantic as Technical Advisor,
having discovered and advanced the first large-scale awaruite nickel project in North
America with over 10 billion pounds of nickel contained1.
● Recipient of H.H. "Spud" Huestis Award for excellence in prospecting and mineral
exploration, Britten authored scientific papers on awaruite nickel as a new deposit type,
including " Regional Metallogeny and Genesis of a New Deposit Type — Disseminated
Awaruite (Ni3Fe) Mineralization Hosted in the Cache Creek Terrane 2" in Society of
Economic Geologists in 2017.
● Britten's expertise in awaruite nickel deposits is crucial to First Atlantic's 30km district scale
Atlantic Nickel Project in Newfoundland.
● Rahim Kassim-Lakha, CEO of Blue Sail Capital, joins as Strategic Advisor for corporate
development and financing.
● $2.1 million charity flow-through financing completed, with a strategic investor acquiring a
9.98% equity position pursuant to an Investor Rights Agreement.
Geological Advisor - Ron Britten
First Atlantic is excited to welcome Dr. Ron Britten as a Technical Advisor. Britten, a recipient of
the H.H. "Spud" Huestis Award, has over 40 years of experience, specializing in nickel -iron alloy
(awaruite) exploration and development. He discovered and advanced the first large-scale
awaruite nickel project in North America, which led to a resource containing over 10 billion pounds
of nickel. Britten has authored scientific papers on awaruite nickel as a new deposit type, including
a publication in the prestigious Economic Geology journal.
1 /https://fpxnickel.com/wp-content/uploads/2023/11/Baptiste-Project-NI-43-101-Technical-Report_FINAL.pdf
2 https://pubs.geoscienceworld.org/segweb/economicgeology/article-abstract/112/3/517/172164/Regional-Metallogeny-and-
Genesis-of-a-New-Deposit
As a co-founder of First Point Minerals Corp. (later FPX Nickel Corp.), Britten played a crucial role
in exploring and advancing the Baptiste awaruite deposit. He employs a systematic approach,
focusing on mapping, sampling, and geophysics to design specialized programs for discovering
and delineating awaruite nickel mineralization. The Company believes Britten will be a valuable
asset in the continued exploration and development of the Atlantic Nickel Project.
Figure 1: Atlantic Nickel Project Highlights
Figure 2: Atlantic Nickel Project map displaying priority target areas (zones) with nickel sample
results overlaid on magnetic survey data. These zones remain open along trend.
Adrian Smith, CEO of First Atlantic, comments, "We are delighted to welcome Ron Britten as a
Technical Advisor. Ron's experience in nickel, including discovering and advancing the Decar
project in British Columbia, North America's only defined awaruite nickel resource with a 10 billion
pound nickel endowment, will be invaluable to First Atlantic. The Decar project has attracted
strategic partners such as Toyota, Outokumpu, Sumitomo Mining, JOGMEC and other strategic
investors. With Ron's expertise and our r ecently completed financing, First Atlantic is well
positioned to lead the charge in exploring and developing the first large-scale awaruite nickel
project in Atlantic Canada. We look forward to Ron's contributions in helping us achieve this
exciting goal."
Figure 3: Ron Britten, PhD., receiving the H.H. "Spud" Huestis Award for excellence in prospecting
and mineral exploration in recognition of their efforts in identifying and commencing development
of a new type of nickel deposit.
Strategic Financial Advisor - Rahim Kassim-Lakha
First Atlantic is thrilled to have Rahim Kassim-Lakha join the team as a Strategic Advisor. Kassim-
Lakha, the founder and CEO of Blue Sail Capital, brings over 28 years of experience in global
investing, capital markets expertise, and M&A advisory. Before establishing Blue Sail Capital, he
held senior and executive roles at renowned institutions, including PE firm, Fidelity Capital in
Boston, and US Global Investors in Texas, where he managed over $1 Billion USD in assets
under management with three award-winning funds.
As a Strategic Advisor, Kassim-Lakha will leverage his capital markets expertise to guide strategic
decisions and evaluate corporate development opportunities. His extensive experience in raising
capital and structuring financial transactions will be a significant asset as First Atlantic advances
its projects and seeks to maximize shareholder value.
Mr. Kassim-Lakha commented, "I look forward to assisting First Atlantic as it advances the Atlantic
Nickel Project and other corporate initiatives. First Atlantic is amassing a very talented team and
I am pleased to join at such an integral time in the Company's growth and development."
$2.1 Million Financing Closed Led by Strategic Investor
First Atlantic recently closed a financing for $2,084,999.91 with securities issued at $0.21 and no
warrants, at a 58% premium to the Company’s 10 VWAP (see new release dated June 20, 2024)
which was led by a corporate strategic investor who took a 9.98% stake in the Company. The
Company wishes to clarify that the securities issued were charity flow -through common shares,
not flow -through common shares as previously noted. Upon closing, the Company and the
corporate strategic investor also entered into an Investor Rights Agreement, which will grant the
investor the right to participate in subsequent equity financing to maintain their current interest up
to 9.98%. Pursuant to the Investor Rights Agreement, First Atlantic i s unable to disclose the
identity of the corporate strategic investor or provide any details that would directly or indirectly
reveal the investor's identity. The operating team is now focused on executing a fully funded
planned 5,000m drilling campaign exploring for multi -billion-ounce nickel deposits in its 30-
kilometer core nickel trend in the Pipestone Ophiolite Complex in Newfoundland.
Following the Company’s announcement on May 14, 2024, regarding the engagement of Think
Ink Marketing Data and Email Services, Inc. for public relations marketing services, the Company
reports that, under the terms of the agreement, it paid an initial 20% of the contract amount (as
disclosed on May 14, 2024) as an up-front deposit upon signing and it will pay the remaining 16%
of the contract amount per month for services during months two through six. These payments
are funded by proceeds from the private placement that closed in December 2023, as well as
from warrant and stock option exercises completed by the Company.
Investors are invited to sign up for the official FAN (First Atlantic Nickel) List found at
www.fanickel.com and can follow First Atlantic Nickel on the following social media.
https://twitter.com/FirstAtlanticNi
https://www.facebook.com/firstatlanticnickel
https://www.linkedin.com/company/firstatlanticnickel/
For more information:
First Atlantic Nickel Relations
Robert Guzman
Tel: +1 844 592 6337
http://www.fanickel.com
Disclosure
Adrian Smith, P.Geo., is a qualified person as defined by NI 43-101. The qualified person is a
member in good standing of the Professional Engineers and Geoscientists Newfoundland and
Labrador (PEGNL) and is a registered professional geoscientist (P.Geo.). Mr. Smith has reviewed
and approved the technical information disclosed herein.
About First Atlantic Nickel Corp.
First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) is a Canadian mineral
exploration company that owns 100% of the Atlantic Nickel Project, a large scale significant nickel
awaruite project in Newfoundland and Labrador, Canada. By eliminating the need for smelting,
nickel in the form of awaruite reduces dependence on foreign entities of concern for both supply
and processing, thereby strengthening supply chain security. In 2022 3, the US Government
designated nickel as a critical mineral, highlighting its importance to the nation's economy and
security.
The Atlantic Nickel Project is a special asset due to its unique combination of size, location,
proximity to infrastructure, and the presence of awaruite. By developing this domestic awaruite
nickel project, First Atlantic aims to enhance supply chain security for the stainless steel and
electric vehicle industries in the USA, Canada, and Europe. The Company's strategic location and
focus on awaruite nickel position it to play a key role in meeting the growing demand for
responsibly sourced nickel in these sectors.
The Company is committed to responsible exploration, environmental stewardship, and working
closely with local communities to create sustainable economic opportunities. With its experienced
team and the project's significant potential, the Company is well -positioned to contribute to the
future of the nickel industry and the global transition to a cleaner, more secure energy future.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-looking statements:
This news release may include "forward -looking information" under applicable Canadian securities
legislation. Such forward- looking information reflects management's current beliefs and are based on a
number of estimates and/or assumptions made by and information currently available to the Company that,
while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that
may cause the actual results and future events to differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this news release includes, but is not limited to,
the purpose of the engagement of the technical advisor and financial advisor, the Company’s objectives,
goals or future plans, statements, and estimates of market conditions. Readers are cautioned that such
forward-looking information are neither promises nor guarantees and are subject to known and unknown
risks and uncertainties including, but not limited to, general business, economic, com petitive, political and
social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results
of exploration activities, environmental risks, future prices of base and other metals, operating risks,
accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the
mining industry. Additional factors and risks including various risk factors discussed in the Company’s
3 https://www.usgs.gov/news/national-news-release/us-geological-survey-releases-2022-list-critical-minerals
disclosure documents which can be found under the Company’s profile on http://www.sedarplus.ca. Should
one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-
looking statements prove incorrect, actual results may vary materially from those described herein as
intended, planned, anticipated, believed, estimated or expected.
The Company is presently an exploration stage company. Exploration is highly speculative in nature,
involves many risks, requires substantial expenditures, and may not result in the discovery of mineral
deposits that can be mined profitably. Furthermore, t he Company currently has no reserves on any of its
properties. As a result, there can be no assurance that such forward- looking statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in suc h
statements.