Fathom Nickel Inc. (CNSX:FNI) entered into a definitive agreement to acquire Watts Lake Zinc Property of SKRR Exploration Inc. for CAD 0.33 million on March 21, 2023. Under the terms of the Acquisition Agreement, Fathom will acquire a 100% interest in the Property by making the following cash and share payments to SKRR (i)an initial cash payment of CAD 0.075 million (ii) 2,000,000 common shares in the capital of Fathom and (iii) an additional cash payment of CAD 0.75 million within 60 days of the execution of the Acquisition Agreement. The Acquisition Agreement provides for an underlying 2% net smelter return royalty in favour of Edge Geological Consulting Inc. The common shares to be issued pursuant to the Acquisition Agreement will be subject to a four month hold period from the date of issuance in accordance with applicable securities laws.

Fathom Nickel Inc. (CNSX:FNI) completed the acquisition of Watts Lake Zinc Property of SKRR Exploration Inc. on June 14, 2023.