Fathom Nickel Inc. announced a non-brokered private placement of charity flow-through units at a price of CAD 0.17 per unit, flow-through units at a price of CAD 0.13 per unit and hard dollar units at CAD 0.11 per unit for the gross proceeds of CAD 4,500,000 on December 4, 2023. Each FT unit shall consist of one flow-through common share and one warrant, and each HD unit shall consist of one common share and one warrant. Each charity FT unit shall consist of one charity flow-through common share and one transferable common share purchase warrant that shall be exercisable into one common share for a period of 24 months from issuance at an exercise price of CAD 0.20 per share.

It is expected that the Company will pay finders a cash commission, on a yet to be determined percentage, based on the gross proceeds of the offering, the company may issue warrants to finders, subject to the number of HD units, charity FT units, and FT units sold pursuant to the offering. The transaction is expected to close on or about December 18, 2023. The offering is subject to customary closing conditions, including the approval of the securities' regulatory authorities and the Canadian Securities Exchange.