Fathom Nickel Inc.. announced a non-brokered private placement of up to 27,411,667 flow-through common shares at a price of CAD 0.06 per flow-through common share for gross proceeds of up to CAD 1,650,000 on November 29, 2022. The company will pay agents and/or finders a cash commission that is yet to be determined based on the gross proceeds of the offering.

In addition, it is expected that broker warrants to purchase common shares of the company will be issued to agents and/or finders, subject to the number of FT shares sold pursuant to the offering. The transaction is subject to receipt of all required regulatory and TSX Venture Exchange approvals. The transaction is expected to close on or around December 21, 2022.