FIRST ATLANTIC NICKEL & COBALT RELEASES WHITE PAPER, “ONSHORING THE NICKEL-COBALT SUPPLY CHAIN. WITHOUT A SMELTER,” AT CRITICAL MINERALS FOR DEFENCE 2026 IN TORONTO

First Atlantic Nickel & Cobalt Corp.

GRAND FALLS-WINDSOR, Newfoundland and Labrador – (GlobeNewsWire – June 9, 2026) – First Atlantic Nickel & Cobalt Corp. (TSXV: FAN | OTCQB: FANCF | FSE: P21) (“First Atlantic” or the “Company”) today announced the release of its white paper, “Onshoring the Nickel-Cobalt Supply Chain. Without A Smelter.”

The white paper builds on the Company’s participation at the conference and outlines a mine to metal pathway for awaruite, highlighting how its metallic, sulfur-free composition would remove the need for midstream smelting and support the production of a high-grade nickel-cobalt concentrate for downstream North American EV battery refining, specialty alloy and stainless-steel production.

The white paper details how awaruite’s metallic, sulfur-free composition allows it to be concentrated through magnetic separation and flotation into a high-grade concentrate suitable for downstream refining and stainless-steel production, without conventional smelting, roasting, or high-pressure acid leaching. Electron microprobe analysis by SGS Canada Inc. of awaruite grains from the RPM Zone reported averages of 77.62% nickel and 1.69% cobalt. The white paper also notes that North America’s current midstream smelting nickel capacity is constrained, with just two operational pyrometallurgical nickel smelters remaining in operation in Ontario, underscoring the strategic relevance of a smelter-free processing pathway for allied defence and industrial supply chains.

Click the link below to view the report.

Onshoring The Nickel-Cobalt Supply Chain

First Atlantic Nickel & Cobalt Corp.