Fort St. James Nickel Corp. announced a non-brokered private placement of 2,000,000 units at a price of CAD 0.03 per unit for gross proceeds of CAD 60,000 on September 16, 2022.

Each unit consists of one common share and one share purchase warrant. Each warrant can be exercised at a price of CAD 0.05 per share for a period of five years from the date of closing. The securities are subject to four months and one day hold period.

The transaction remains subject to approval of the TSX Venture Exchange.