First Atlantic Nickel Secures 3 Million for Atlantic Nickel Project
Vancouver, British Columbia - (Newsfile Corp. - February 18, 2025) - First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that it has closed the previously announced agreement dated February 9, 2025.
Under this agreement, the Company has received $3 million in cash to advance its wholly owned district scale Atlantic Nickel Project (the "Project"). The funds were secured through the issuance of a $3 million senior unsecured debenture (the "Debenture") pursuant to a non-brokered debt private placement (the "Private Placement").
This strategic investment marks a significant milestone for the Company, providing a non-dilutive source of capital to support the development of the Project.
