Fathom Nickel Achieves 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, granting the company full ownership of the Gochager Lake Property in Saskatchewan. The acquisition is subject to a 2% net smelter return royalty, representing a significant milestone in the company's strategic development of nickel assets in the region.

Since entering the agreement in 2022, Fathom has dramatically expanded the property from its original 4,696 hectares to over 34,000 hectares, demonstrating the company's commitment to establishing a substantial presence in what it believes could become a district-scale nickel camp. This expansion represents more than a sevenfold increase in land holdings, providing Fathom with extensive exploration rights in a geologically promising area.

The company has made substantial progress in advancing its geological understanding of the property, developing comprehensive models that have guided exploration efforts. Most notably, Fathom has extended the mineralized corridor to more than 1.4 kilometers, indicating the potential for significant nickel deposits. This extension suggests the presence of a substantial mineralized system that could support long-term mining operations if economic viability is confirmed through further exploration.

CEO Ian Fraser emphasized that this achievement marks significant progress toward establishing a district-scale nickel camp through continued science-driven exploration. The company's approach prioritizes geological science and systematic exploration methods to maximize the potential for discovery and development. Fraser's statement underscores the strategic importance of the Gochager Lake Property within Fathom's broader portfolio and the company's commitment to methodical, evidence-based resource development.

The full ownership acquisition comes at a time when global demand for nickel continues to grow, particularly driven by the electric vehicle battery market and stainless steel production. Saskatchewan's established mining infrastructure and stable regulatory environment make it an attractive jurisdiction for mineral exploration and development. The province has a long history of successful mining operations, particularly in uranium and potash, providing a supportive framework for new mineral developments.

For investors and industry observers, this development represents Fathom's strengthened position in the competitive nickel exploration sector. Full ownership eliminates potential complications from joint venture arrangements and provides the company with complete operational control over exploration and development decisions. The 2% NSR royalty represents a standard industry arrangement that balances current ownership benefits with future revenue sharing.

The company maintains its newsroom at https://ibn.fm/FNICF where stakeholders can access the latest updates and information. MiningNewsWire, the specialized communications platform that distributed the announcement, provides additional context about mining sector developments through its website at https://www.MiningNewsWire.com. These resources offer investors and industry professionals access to comprehensive information about mining sector developments and corporate announcements.

This ownership milestone positions Fathom Nickel to accelerate exploration activities on the expanded property, potentially leading to additional discoveries and resource definition. The substantial land package provides multiple exploration targets and the opportunity to systematically evaluate the property's full potential. As global nickel demand continues to evolve, particularly with the transition to clean energy technologies, successful exploration at Gochager Lake could contribute to North American nickel supply chains.