First Atlantic Nickel Corp.

First Atlantic Nickel Corp.

FANCF
First Atlantic Nickel Corp.US flagOther OTC
0.60
USD
-0.02
- -
67.24MMarket Cap
First Atlantic Nickel Corp.
FANCF
(Other OTC)

Recent

price

0.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Revenue per Share
-1.61
-1.83
-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
-0.03
Basic EPS, GAAP
-1.73
-0.69
-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
-0.03
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-1.61
-3.19
1.47
-1.27
-1.84
-1.06
-1.11
-0.99
-0.7
-0.02
0.06
-0.23
-0.02
0.05
0.09
0.05
Book Value per Share
2.04
0.74
3.38
0.36
-0.3
-0.07
-0.28
-0.3
-0.07
0.49
0.35
0.12
0.08
0.1
0.12
0.1
Tangible Book Value per Share
- -
- -
- -
- -
- -
1
1
1
1
3
5
7
28
68
96
76
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
-3
- -
- -
- -
- -
- -
-1
- -
-2
-1
-2
-2
-3
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
1
- -
3
2
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3
3
LT Debt
- -
- -
1
- -
- -
- -
- -
- -
- -
1
2
1
2
7
11
7
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-41.25
-112.66
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Oct'25
Jan'25
Apr'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
3
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
77
86
93
Market Capitalization
8
15
16

Working Capital

FRC

in mil. unless spec.
Oct'25
Jan'25
Apr'26
Total Current Assets
2
- -
4
Cash, Cash Equivalents & STI
1
- -
3
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1
1
1
Payables & Accruals
1
1
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
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
-0.01
-0.01
- -
-0.03
2025
-0.01
-0.01
- -
- -
-0.03
2026
-0.01
-0.01
- -
- -
-0.02

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
First Atlantic Nickel Corp. (FANCF) engages in the identification, evaluation, and acquisition of mineral properties focused on nickel-bearing awaruite deposits in North America, with a principal emphasis on developing domestic nickel supply for stainless steel and EV battery sectors. The company operates primarily through its Pipestone XL Nickel Alloy Project in Newfoundland and Labrador, Canada, targeting awaruite-rich ultramafic systems that can be processed with reduced smelting requirements, thereby supporting North American supply chain resilience. It was formerly known as Avante Mining Corp. and rebranded to First Atlantic Nickel Corp. in 2024, with headquarters in Vancouver, British Columbia, Canada, and reporting entities in Canada and the United States. Main products and services - Exploration and evaluation services for nickel, nickel-iron alloys, and associated mineral systems, with a focus on awaruite-hosted deposits; strategic land package development, geologic mapping, sampling, geophysical surveys, and drilling programs - Resource delineation activities for awaruite nickels, including drilling campaigns, assaying, and technical studies aimed at defining a compliant mineral resource - Project development services for the Pipestone XL Nickel Alloy Project, including environmental baseline work, permitting support, and mine planning activities aligned with domestic supply-chain objectives - Strategic partnerships and financing arrangements to advance exploration, development, and potential commercialization of awaruite nickel assets Latest major company changes - Strategic rebranding from Avante Mining Corp. to First Atlantic Nickel Corp. in 2024, signaling a sharpened focus on domestic North American nickel supply through awaruite projects - Formation of partnerships and financing activities to accelerate exploration at Atlantic Nickel and Pipestone XL, including lead financings and strategic investor participation intended to fund mapping, geophysics, sampling, and a drilling program - Initiation of collaborative research partnerships, such as with academic institutions and industry experts, to evaluate geologic hydrogen potential and other innovative approaches within Newfoundland ophiolites, supporting broader resource and energy integrations - Ongoing capital strategy shifts, including non-dilutive financing instruments and potential additional equity or debt facilities to support exploration and early-stage development activities - Expanded communication and investor relations initiatives to reflect progress on drill programs, mineralization targeting, and strategic goals for domestic critical minerals supply Industry context and business segments - Industry: Critical minerals, with emphasis on non-smelting nickel production pathways, awaruite nickel-iron alloys, and related mineral resources - Segments: Exploration and development of mineral properties; corporate finance and investor relations for mining projects; collaboration with research institutions to augment technical understanding Geographic operations and corporate structure - Primary operations centered in Atlantic Canada (Newfoundland and Labrador) with a strategic emphasis on North American supply chains - Headquarters in Vancouver, British Columbia, Canada, with corporate and project activities across Canada and targeted engagement with U.S. and European markets as a potential downstream user base - Structurally positioned as a junior mining company focused on advancing the Pipestone XL project and related awaruite prospects, with subsidiary and affiliate relationships typical of a Canadian-listed exploration company Founding year and leadership - Founded in 2011 (initial corporate incarnation) and rebranded in 2024, with leadership emphasizing a scalable pipeline of awaruite projects and North American supply resilience Subsidiaries and parent relationships - Maintains a corporate structure typical of junior miners pursuing strategic partnerships and project-specific subsidiaries or affiliates to advance exploration and development activities - Engages with third-party partners, researchers, and investors to support project advancement and potential future development milestones

Company News

APIChatGPT
  • First Atlantic Nickel & Cobalt Welcomes Former Director of the Office of Critical Minerals and Metals at the United States Department of Commerce, Gary Stanley, as Senior Strategic Advisor

  • First Atlantic Nickel & Cobalt Produces High Grade Alloy Concentrate Up to 71.9% Nickel and 1.76% Cobalt from Its Pipestone XL Nickel-Cobalt Alloy Project, Using Its First-Ever ONSHORE MAX (Magnetic Alloy eXtraction) Recovery & Concentration Process, Unveiled at the Fastmarkets Lithium Supply & Battery Raw Materials Conference, Las Vegas, USA

  • First Atlantic Nickel & Cobalt Highlights G7 Leaders' Declaration on Critical Minerals: G7 Names Nickel One of Only Two Pilot Minerals for a New Allied Traceability Framework, Moves to Mobilize Equity Investment and Offtake, and Establishes a Critical Minerals Resilience and Production Alliance

  • First Atlantic Nickel Drills Second Large-Scale Awaruite (Ni-Fe-Co Alloy) Discovery at Alloy Max North, Pipestone XL Project, 5.2 km North of RPM Zone - Visible Awaruite Over 414-Meter Drill Hole Ending in Open Mineralization

  • First Atlantic Highlights U.S. Dominance Act Passed by House: New Critical Minerals Bill Authorizes Equity Investment, Co-Financing, and U.S.-Priority Offtake for Allied Projects and Defines “Processed” as “A Metal, Metal Powder, or a Master Alloy” - Awaruite is a Natural Nickel-Iron-Cobalt Alloy Already in the Form the Act Defines as “Processed”

  • First Atlantic Nickel & Cobalt Releases White Paper, “Onshoring the Nickel-Cobalt Supply Chain. Without a Smelter,” at Critical Minerals for Defence 2026 in Toronto

  • Engineered Mineral Hydrogen Emerges as Next Major Energy Disruption Opportunity Amid Explosive Global Demand

  • Vema Hydrogen and First Atlantic Nickel & Cobalt Sign LOI to Develop Engineered Mineral Hydrogen at Pipestone XL Awaruite Project in Newfoundland

  • First Atlantic Nickel & Cobalt to Showcase Awaruite Nickel-Cobalt Alloy (Ni-Fe-Co) as an Official Exhibitor at Critical Minerals for Defence 2026 in Toronto - A Solution to Onshoring North American Critical Minerals by Bypassing Midstream Smelting Constraints

  • First Atlantic Nickel Receives Supplemental Exploration Permit Authorizing Drilling and In-Ground Wellbore Injection to Advance Stimulated Geologic Hydrogen Initiative at the Pipestone XL Nickel-Cobalt Alloy Awaruite Project in Newfoundland

  • Critical Minerals Market Heats Up as Nickel and Cobalt Demand Surges Worldwide

  • First Atlantic Nickel & Cobalt Reports Electron Microprobe Analysis Returning 77.62% Nickel and 1.69% Cobalt in Awaruite at the RPM Zone, Pipestone XL Project: a Rare, Naturally Magnetic (Ni-Fe-Co) High-Grade Alloy Mineralogically Capable of Bypassing Midstream Smelting Constraints in North America

  • First Atlantic Nickel & Cobalt Welcomes Dr. Douglas Wicks, Former Program Director for the U.S. Department of Energy's ARPA-E (Advanced Research Projects Agency-Energy) Miner Program and Geologic Hydrogen Portfolio, as Strategic Advisor

  • First Atlantic Nickel Announces Name Change to First Atlantic Nickel & Cobalt Ahead of the Washington DC Safe Summit, Reinforcing the Natural Cobalt Content of Awaruite - a Rare, Naturally Magnetic (Ni-Fe-Co) Alloy That Is Sulfur-Free and Can Bypass Midstream Smelting Constraints in North America

  • First Atlantic Nickel Closes $16 Million Two-Stage Earn-In Agreement with Core Critical Metals Corp. on Lucky Mike Copper-Silver-Tungsten Project - Retains 20% Carried Interest to Feasibility and Rights to Mining Royalty

  • First Atlantic Nickel Has Commenced Drilling at New Alloy Max Zone Discovery, 7 Km North of RPM Zone, at the Pipestone XL Nickel-Cobalt Alloy Project

  • First Atlantic Nickel Announces Acceptance Into Defense Industrial Base Consortium (DIBC) - Pipestone XL Smelter-Free Nickel-Cobalt Alloy Project Addresses Midstream Smelting Bottleneck in U.S. Defense Supply Chain

  • First Atlantic Nickel Announces New Alloy Max Zone Discovery - A Second Large-Scale Awaruite (Ni₃Fe) Target Area Extending 7 km North from the RPM Zone at the Pipestone XL Nickel-Cobalt Alloy Project

  • First Atlantic Closes No-Warrant Non-Brokered Private Placement Financing to Advance Pipestone XL Atlantic Canada Nickel-Cobalt Alloy (Awaruite) Project

  • First Atlantic Nickel Closes Second and Final Tranche of Life Offering for Total Gross Proceeds of $3.9 Million; Strategic Investor Exercises Top-Up Right to Maintain 9.9% Ownership