First Atlantic Nickel & Cobalt Corp.

First Atlantic Nickel & Cobalt Corp.

0.55
CAD
-0.02
(-3.51%)
124.95MMarket 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
- -
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
- -
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
108
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
-3
- -
- -
- -
- -
- -
-1
- -
-2
-1
-2
-2
- -
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
- -

Capital Structure

CAD

•

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

CAD

•

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

CAD

•

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

CAD

•

in mil. unless spec.

Year

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

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

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

Company Description

CEO
Adrian Allister Smith
Full Time Employees
49
Sector
Non-energy minerals
Industry
Other metals/Minerals
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.

Company News

  • First Atlantic Nickel & Cobalt Drills First Discovery Hole at Alloy Max South Zone with Drill Hole XL-26-18: Best Near-Surface Visible Awaruite to Date at Alloy Max, Ending in Open Mineralization; XL-26-17 Extends Alloy Max North; Drilling Now Spans 2.4 km of Strike and 1 km of Width at Alloy Max

  • First Atlantic Nickel & Cobalt Raises Total of $13.4 Million with Additional $3.49 Million No-Warrant, Non-Brokered Private Placement at $0.83 per Share, a Premium to Market, to Accelerate Exploration at Pipestone XL Nickel-Cobalt Alloy Project

  • First Atlantic Nickel & Cobalt Raises Total of $9.9 Million with Second September Financing; Strategic Investor Exercises Participation Right to Maintain 9.9% Ownership in $3.77 Million No-Warrant, Non-Brokered Private Placement

  • First Atlantic Nickel & Cobalt Raises 6.15 Million Dollars in No-Warrant, Non-Brokered Private Placement to Accelerate Mining Exploration and Development at Pipestone XL Nickel-Cobalt Alloy (Awaruite) Project in Newfoundland

  • First Atlantic Nickel & Cobalt Attends the Defense Industrial Base Accelerator (DIBX) 2026, Showcasing Awaruite (Ni-Fe-Co Alloy) Samples Processed with ONSHORE MAX™ Into an Alloy Concentrate Up to 71.9% Nickel and 1.76% Cobalt from the Pipestone XL Project: Addressing North America's Midstream Critical Mineral Processing Bottleneck

  • First Atlantic Nickel & Cobalt Announces Results of Annual General and Special Meeting

  • First Atlantic Nickel & Cobalt Expands Alloy Max Zone 445 Meters South of the Discovery Hole: XL-26-16, the Deepest Hole to Date at Pipestone XL, Intersects Large-Grain Visible Awaruite (Ni-Fe-Co Alloy) Over Its Entire 525-Meter Length, Ending in Open Mineralization at Depth

  • First Atlantic Nickel & Cobalt Expands Alloy Max Zone 445 Meters South of the Discovery Hole: XL-26-16, the Deepest Hole to Date at Pipestone XL, Intersects Large-Grain Visible Awaruite (Ni-Fe-Co Alloy) Over Its Entire 525-Meter Length, Ending in Open Mineralization at Depth

  • First Atlantic Nickel & Cobalt Added to NASDAQ Sprott Nickel Miners™ Index, Tracked by the Sprott Nickel Miners ETF (NASDAQ: NIKL)

  • 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