Eagle Royalties Ltd. has been informed that Fathom Nickel Inc. has recently commenced diamond drilling activity on their 100% owned Albert Lake property. According to a news release issued by Fathom on January 16th, 2024, Fathom intends to complete ~2,000m of drilling in 6-7 holes, with the majority of the target area located on mineral dispositions subject to a 2% net smelter royalty held by Eagle Royalties. The Royalty may be reduced to 1% upon payment to Eagle Royalties of CDN $1,000,000.

The current drill program will focus on the Tremblay-Olson Claims area, approximately two km southwest of the historic Rottenstone Mine, where Fathom has identified a very robust time domain electromagnetic (TDEM) conductor occurring on the eastern flank of a multi-element-in-soil anomaly.