First Atlantic Nickel & Cobalt Corp.

First Atlantic Nickel & Cobalt Corp.

FAN.V
First Atlantic Nickel & Cobalt Corp.CA flagToronto Stock Exchange Ventures
0.74
CAD
+0.01
- -
113.19MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-2.13
-7.02
-1.11
-0.06
-0.21
-0.22
-0.25
-0.2
-0.06
-0.36
-0.03
-0.03
-0.02
-0.04
Free Cash Flow per Basic Share
-3.76
-4.99
-3.32
-1.24
-0.16
-0.11
-0.14
-0.27
-0.13
-0.06
-0.03
-0.02
-0.03
-0.02
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2.72
0.34
-0.21
-0.06
-0.28
-0.27
-0.04
0.28
0.31
0.12
0.06
0.08
0.09
0.11
Tangible Book Value per Share
2.72
0.34
-0.21
-0.06
-0.28
-0.27
-0.04
0.28
0.31
0.12
0.06
0.08
0.09
0.11
Basic Weighted Avg Shares
- -
- -
- -
1
1
1
1
3
5
7
28
68
96
120
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
-3
- -
- -
- -
- -
- -
-1
- -
-2
-1
-2
-2
-5
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
1
- -
3
7
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
3
Total Equity
1
- -
- -
- -
- -
- -
- -
1
2
1
2
7
11
16
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-109.76
-792.22
- -
- -
- -
- -
- -
- -
-19.82
-175.24
-57.38
-41.39
-26.93
-40.85

Capital Structure

FRC

•

in mil. unless spec.
Oct'26
Jan'26
Apr'27
ST Debt
- -
- -
- -
LT Borrowings
3
3
3
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
97
121
152
Market Capitalization
19
27
125

Working Capital

FRC

•

in mil. unless spec.
Oct'26
Jan'26
Apr'27
Total Current Assets
1
4
8
Cash, Cash Equivalents & STI
1
4
8
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
1
1
Payables & Accruals
- -
1
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-141.35%
82.65%
71.95%
Free Cash Flow
54.5%
42.15%
95.9%
Net Income, GAAP
106.06%
129.83%
29.82%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.01
-0.01
- -
- -
-0.03
2026
-0.01
- -
-0.01
- -
-0.02
2027
-0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Adrian Allister Smith
Sector
Basic Materials
Industry
Other Precious Metals
Address
1075 West Georgia Street Vancouver BC Canada V6E 3C9
IPO Date
Mar 19, 2013
Business
First Atlantic Nickel & Cobalt Corp. is a Canadian mineral exploration company that develops the 100%-owned Pipestone XL Nickel-Cobalt Alloy Project and Atlantic Nickel Project in Newfoundland, Canada, with a focus on awaruite, a naturally magnetic nickel-iron-cobalt alloy that can be processed into high-grade nickel-cobalt concentrate without conventional smelting. Founded in 2021 and headquartered in Vancouver, British Columbia, the company explores district-scale nickel, cobalt and chromium mineralization across its 30-kilometer ophiolite trend in Newfoundland; its activities include drilling, metallurgical testing, magnetic recovery and concentration, and evaluation of downstream supply-chain applications for EV batteries, stainless steel, aerospace and defense markets. In 2026, the company changed its name from First Atlantic Nickel Corp. to First Atlantic Nickel & Cobalt Corp. to reflect the cobalt content of awaruite, completed a no-warrant private placement financing and a $16 million two-stage earn-in agreement with Core Critical Metals Corp. on the Lucky Mike copper-silver-tungsten project, and was accepted into the U.S. Defense Industrial Base Consortium. It also advanced the Pipestone XL project with new discovery drilling at the Alloy Max Zone and RPM Zone, reported electron microprobe results showing awaruite grading 77.62% nickel and 1.69% cobalt, produced high-grade alloy concentrate up to 71.9% nickel and 1.76% cobalt using its first-ever ONSHORE MAX recovery and concentration process, added strategic advisors with U.S. critical minerals and energy research backgrounds, and was included in the Nasdaq Sprott Nickel Miners Index. Its common shares trade on the TSX Venture Exchange under FAN, on the OTCQB under FANCF, and on the Frankfurt exchange under P210.