Fathom Nickel Secures Full Ownership of Gochager Lake Property in Saskatchewan

Fathom Nickel Inc. has completed the final cash payment and share issuance required under the Gochager Lake Earn-In Agreement, securing full ownership of the Gochager Lake Property in Saskatchewan. The acquisition is subject to a 2% net smelter return royalty, finalizing a process that began when the company entered the agreement in 2022. This milestone provides Fathom Nickel with greater control over exploration decisions and development timelines at the property, positioning the company to capitalize on the growing demand for nickel in various industrial sectors.

Since initiating the earn-in agreement, Fathom has substantially expanded the property from its original 4,696 hectares to over 34,000 hectares. This expansion represents a significant increase in the company's exploration footprint in the region and demonstrates its commitment to developing a substantial nickel resource. The company has also advanced its geological model and extended the mineralized corridor to more than 1.4 kilometers, indicating substantial potential for nickel discoveries that could contribute significantly to the global supply chain.

CEO Ian Fraser emphasized the importance of this milestone, stating that it represents significant progress toward establishing a district-scale nickel camp through continued science-driven exploration. The achievement comes at a time when global demand for nickel continues to grow, particularly for use in electric vehicle batteries and renewable energy technologies. The company's ongoing developments can be followed through their newsroom, which provides regular updates on exploration progress and corporate developments.

The full ownership position enables Fathom Nickel to accelerate exploration activities and make strategic decisions regarding the property's development without the constraints of joint venture agreements. The expanded land package and extended mineralized corridor suggest substantial exploration potential that could contribute to meeting growing nickel demand from various industrial sectors, particularly supporting the clean energy transition. Additional details about the ownership acquisition and its implications for the company's future exploration activities are available in the complete press release documenting the transaction terms and strategic significance.

This acquisition represents a strategic move for Fathom Nickel as it positions itself to become a significant contributor to the nickel supply chain during a period of increasing demand driven by global electrification trends. The company's focused approach to expanding its geological understanding and property holdings in Saskatchewan demonstrates a methodical strategy for resource development that aligns with market needs for battery metals and sustainable energy solutions.