Latest news with #TDEM
Yahoo
4 days ago
- Climate
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Bell County Emergency Management assessing storm damage
BELL COUNTY, Texas (FOX 44) – The Bell County Office of Emergency Management (OEM) is assessing damage from two rounds of severe storms. According to county, these storms occured on Monday, May 26. These resulted in power outages, structural damage, and debris-covered roadways. The first round began around 7 a.m., followed by a second round around 8 p.m. Bell County Emergency Management (OEM), along with Bell County Road and Bridge and the Texas Department of Transportation, worked through the night to clear debris from roadways. The county says storms moved from west to east, producing heavy rainfall, damaging winds, and some hail. Wind gusts reached 80 to 85 miles per hour, knocking over trees and power lines and damaging homes and outbuildings. The county says no tornadoes have been confirmed. The Office of Emergency Management has not received any reports of major injuries. ONCOR crews are working to restore power as quickly and safely as possible. However, the county says this process may take time due to numerous downed power poles and lines. Property owners who sustained damage are encouraged to report it through the Texas Division of Emergency Management's (TDEM) Individual State of Texas Assessment Tool (iSTAT). The county says this tool allows people to report damage to private homes and businesses, helping emergency officials assess the extent of the impact. If you need to report storm damage, you can visit the TDEM iSTAT website or scan the QR code below. Select the survey titled 'May 18th – Ongoing Severe Weather.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
20-05-2025
- Business
- Yahoo
Aventis Energy Provides Recent Exploration Insights at the Corvo Uranium Project
The Corvo Uranium Project is prime real estate for a basement-hosted uranium discovery VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Aventis Energy. ('Aventis' or the 'Company') (CSE: AVE | OTC: VBAMF), is pleased to provide a comprehensive summary of exploration insights and historical data gathered at its Corvo Uranium Project ('Corvo', or the 'Project'). Highlights: Basement-hosted Uranium Prospect: Historical drill holes intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 (0.116% UO over 1.05 m) and TL-79-5 (0.065% UO over 0.15 m) High-grade* Uranium at Surface: Prospecting, mapping, geochemical surveying, and drilling completed in the late 1970s and 80s identified graphitic metasedimentary rocks in outcrop along the conductive corridor and led to the discovery of multiple uraniferous outcrops including the Manhattan showing (1.19 to 5.98% UO) and SMDI showing 2052 (0.137% UO and 2,300 ppm Th) Favorable Host Rocks: An airborne Time-Domain Electromagnetic ('TDEM') survey was recently completed to pinpoint graphitic rocks (conductors) favourable for hosting significant concentrations of uranium. This modern electromagnetic survey will infill and improve upon historical surveys which have identified at least 25 km of combined conductor strike length. Target Development & Drilling: The results of the recent airborne TDEM survey will be subject to geophysical interpretation and modelling, and integrated with the Project's existing datasets, to prioritize target areas for additional geophysics and inaugural drilling. Mandeep Parmar, Interim CEO of Aventis, commented: 'The Corvo Project has many areas that need further investigation. We look forward to developing our target areas with additional work programs throughout the year as we advance towards our maiden drilling program.'Figure 1. Regional map of the Corvo Project. The Project is located 45 km northeast of Atha Energy's Gemini Mineralized Zone ('GMZ') and 60 km due east of Cameco's McArthur River mine. Corvo Project Overview and Historical Exploration: The Project covers 12,265 hectares in the eastern Athabasca Basin region, targeting high-grade basement-hosted uranium on the Corvo project. The Corvo Project is situated 1.5 km outside the current margin of the Athabasca Basin, approximately 45 kilometres northeast of the Gemini Mineralized Zone ('GMZ'; Figure 1). The Company believes the Project is highly prospective for the discovery of high-grade basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone. Several outcrop showings of mineralized veins and fractures are present on the Project, notably the Manhattan Showing that returned historical sample results up to 59,800 ppm U at surface and has never been drill tested. The Project is also prospective for rare earth element ('REE') mineralization, potentially providing additional value upside. Basement-hosted uranium deposits in the Athabasca Basin region are typically associated with graphite-rich rocks, evident as electromagnetic ('EM') conductors in geophysical surveys. These graphite-rich rocks, softer than surrounding quartzite and granitoid lithologies, are not frequently exposed at the surface due to glacial cover. However, prospecting, mapping, and geochemical surveying completed in the late 1970s and 80s on the Project identified graphitic metasedimentary rocks in outcrop along conductive corridors and led to the discovery of multiple uriniferous outcrops including the Manhattan Showing (up to 59,800 ppm U) and SMDI showing 2052 (0.137% UO & 2,300 ppm Th).3 Historical airborne and ground electromagnetic work between 1979 and 2017 identified a broad, northeast-southwest trending, conductive system that is approximately 2.5-km wide with prospective targets associated with magnetic-low corridors and cross-cutting faults. Historical drilling on the Project by Norbaska Mines Ltd. in 1979 and 1980 has outlined multiple intercepts of basement-hosted uranium mineralization (Figure 2). Historical drill hole TL-79-3 intersected 4.63 metres of composite mineralization >0.05% UO across multiple mineralized zones, including 0.116% UO over 1.05 metres. Drill hole TL-79-5 intersected 0.065% UO over 0.15 metres, approximately 800 metres along strike from 2. Summary map showing low/EM conductor trends on the Corvo project and highlighting historical samples and drill holes with anomalous uranium and/or radioactivity, with first vertical derivative magnetics in the this year, the Company contracted Axiom Exploration Group Ltd. in partnership with New Resolution Geophysics to carry out a helicopter-borne Xcite time domain electromagnetic and total field magnetic survey over the Corvo project. The survey totalled approximately 1,380 line-kms with a traverse line spacing of 100 m and tie-line spacing of 1,000 m. The airborne TDEM survey outlines several kilometers of conductive anomalies and magnetic features in bedrock, effectively enhancing the resolution of the conductive trends on the project. The magnetic survey contributes to definition of potential fault systems and structural trends not previously identified across the project related to historical uranium showings at surface and in historical drill holes. The Company is planning supplementary geophysical surveys across the Project in 2025 to further refine drill targets for an inaugural drill program, in addition to a mapping, prospecting, and sampling program to ground-truth historical uranium showings at surface. Ongoing geophysical interpretation and modeling is planned to integrate historical surveys with newly collected datasets, which will provide high-priority drill targets and significantly derisk the Project prior to modern drilling. *The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be 'high-grade'. **The Company considers radioactivity readings greater than 300 counts per second (cps) to be 'anomalous'.The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, President and VP Exploration of Standard Uranium and a 'qualified person' as defined in NI 43-101. Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization.1 Vital Battery Metals Announces Effective Date of Name Change to Aventis Energy Inc., News Release, May 9, 2025. 2 Mineral Assessment Report 64E13-0054: Norbaska Mines Ltd., 1979-1980 3 SMDI# 2052: & Mineral Assessment Report MAW00047: Eagle Plains Resources Inc., 2011-2012 4 Standard Uranium Provides Exploration Update Highlighting Results of Gravity and TDEM Surveys on Three Eastern Athabasca Uranium Projects, News Release, March 13, 2025. 5 Vital Battery Metals Drills 20.5m of 1.21% Cu Including 5.0m of 2.22% Cu at Sting Copper Project., News Release, January 14, 2025. About Aventis Energy Inc. Aventis Energy Inc. (CSE: AVE | OTC: VBAMF) is a mineral exploration company dedicated to the development of strategic projects comprised of battery, base and precious metals in stable jurisdictions. The Company is working to advance its Corvo Uranium & Sting Copper Project. The Corvo Uranium property has historical drill holes intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 (0.116% UO over 1.05 m) and TL-79-5 (0.065% UO over 0.15 m). High-grade* Uranium at Surface with the Manhattan showing (1.19 to 5.98% UO) and SMDI showing 2052 (0.137% UO and 2,300 ppm Th) The Sting Copper Project covers approximately 12,700 hectares and recently had results of 54.8m at 0.32% Cu starting at a depth of 27.0m, with higher-grade intervals including six samples (≥0.5m length) ranging from 0.96% to 5.43% Cu. High grade samples of 0.5m at 2.85% Cu and 0.5m at 1.92% Cu with an additional broader interval of 31.1m at 0.27% Cu.5 On Behalf of the Board of Directors Mandeep ParmarInterim Chief Executive Officer, Director+1 (604) 229-9772info@ Disclaimer for Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Forward looking statements in this news release include, but are not limited to, statements respecting: the provision of the Services by RMK under the Agreement. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release. Photos accompanying this announcement are available at: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Standard Uranium Reports on Recent Exploration Insights at the Corvo Project with Option Partner Aventis Energy Inc.
Corvo is prime real estate for a basement-hosted uranium discovery Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to provide a comprehensive summary of exploration insights and historical data gathered at its Corvo Uranium Project ("Corvo", or the "Project"), currently under a three-year earn-in option agreement with Aventis Energy Inc. (CSE: AVE) ("Aventis"), formerly Vital Battery Metals Inc1. Highlights: Basement-hosted Uranium Prospect: Historical drill holes intersected multiple intervals of uranium mineralization, notably along a strike length of 800 metres between historical drill holes TL-79-3 (0.116% U3O8 over 1.05 m) and TL-79-5 (0.065% U3O8 over 0.15 m)2. High-grade* Uranium at Surface: Prospecting, mapping, geochemical surveying, and drilling completed in the late 1970s and 80s identified graphitic metasedimentary rocks in outcrop along the conductive corridor and led to the discovery of multiple uraniferous outcrops including the Manhattan showing (1.19 to 5.98% U3O8) and SMDI showing 2052 (0.137% U3O8 and 2,300 ppm Th)3. Favorable Host Rocks: An airborne Time-Domain Electromagnetic ("TDEM") survey was recently completed to pinpoint graphitic rocks (conductors) favourable for hosting significant concentrations of uranium4. This modern electromagnetic survey will infill and improve upon historical surveys which have identified at least 25 km of combined conductor strike length. Target Development & Drilling: The results of the recent airborne TDEM survey will be subject to geophysical interpretation and modelling, and integrated with the Project's existing datasets, to prioritize target areas for additional geophysics and inaugural drilling. Sean Hillacre, President & VP Exploration of Standard Uranium, commented: "The Corvo Project is highly prospective for shallow basement-hosted uranium mineralization and is largely underexplored. Modeling of the new TDEM survey data covering the entire project will be underway imminently, and we expect the results to identify a significant number of high-priority drill targets for follow-up in 2025. We look forward to developing our target areas with additional work programs throughout the year as we advance towards our maiden drilling program." Figure 1. Regional map of the Corvo Project. The Project is located 45 km northeast of Atha Energy's Gemini Mineralized Zone ("GMZ") and 60 km due east of Cameco's McArthur River mine. To view an enhanced version of this graphic, please visit: Corvo Project Overview and Historical Exploration: The Project is located along the eastern edge of the Athabasca Basin and is currently under option (the "Option") to Aventis Energy Inc. (the "Optionee") an arms-length company (TSXV: AVE). Pursuant to the Option Agreement, the Optionee can acquire 75% of the Project by funding C$4.5 million in exploration expenditures (which is subject to an operator's fee to the Company), making cash payments totalling C$225,000, and issuing C$725,000 in common shares, over a 3-year period. Following the 3-year Option period, Standard will retain a 25% stake in the Project and form a Joint Venture with Aventis to advance exploration. Standard Uranium strategically acquired 12,265 hectares in the eastern Athabasca Basin region, targeting high-grade basement-hosted uranium on the 100%-owned Corvo project. The Corvo Project is situated 1.5 km outside the current margin of the Athabasca Basin, approximately 45 kilometres northeast of the Gemini Mineralized Zone ("GMZ") (Figure 1). The Company believes the Project is highly prospective for the discovery of high-grade basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone. Several outcrop showings of mineralized veins and fractures are present on the Project, notably the Manhattan Showing that returned historical sample results up to 59,800 ppm U at surface3 and has never been drill tested. The Project is also prospective for rare earth element ("REE") mineralization, potentially providing additional value upside. Basement-hosted uranium deposits in the Athabasca Basin region are typically associated with graphite-rich rocks, evident as electromagnetic ("EM") conductors in geophysical surveys. These graphite-rich rocks, softer than surrounding quartzite and granitoid lithologies, are not frequently exposed at the surface due to glacial cover. However, prospecting, mapping, and geochemical surveying completed in the late 1970s and 80s on the Project identified graphitic metasedimentary rocks in outcrop along conductive corridors and led to the discovery of multiple uriniferous outcrops including the Manhattan Showing (up to 59,800 ppm U) and SMDI showing 2052 (0.137% U3O8 & 2,300 ppm Th)3. Historical airborne and ground electromagnetic work between 1979 and 2017 identified a broad, northeast-southwest trending, conductive system that is approximately 2.5-km wide with prospective targets associated with magnetic-low corridors and cross-cutting faults. Historical drilling on the Project by Norbaska Mines Ltd. in 1979 and 1980 has outlined multiple intercepts of basement-hosted uranium mineralization (Figure 2). Historical drill hole TL-79-3 intersected 4.63 metres of composite mineralization >0.05% U3O8 across multiple mineralized zones, including 0.116% U3O8 over 1.05 metres2. Drill hole TL-79-5 intersected 0.065% U3O8 over 0.15 metres, approximately 800 metres along strike from TL-79-32. Figure 2. Summary map showing low/EM conductor trends on the Corvo project and highlighting historical samples and drill holes with anomalous uranium and/or radioactivity, with first vertical derivative magnetics in the background. To view an enhanced version of this graphic, please visit: 2025 Exploration Plans Earlier this year, the Company contracted Axiom Exploration Group Ltd. in partnership with New Resolution Geophysics to carry out a helicopter-borne Xcite time domain electromagnetic and total field magnetic survey over the Corvo project. The survey totalled approximately 1,380 line-kms with a traverse line spacing of 100 m and tie-line spacing of 1,000 m. The airborne TDEM survey outlines several kilometers of conductive anomalies and magnetic features in bedrock, effectively enhancing the resolution of the conductive trends on the project. The magnetic survey contributes to definition of potential fault systems and structural trends not previously identified across the project related to historical uranium showings at surface and in historical drill holes. The Company is planning supplementary geophysical surveys across the Project in 2025 to further refine drill targets for an inaugural drill program, in addition to a mapping, prospecting, and sampling program to ground-truth historical uranium showings at surface. Ongoing geophysical interpretation and modeling is planned to integrate historical surveys with newly collected datasets, which will provide high-priority drill targets and significantly derisk the Project prior to modern drilling. *The Company considers uranium mineralization with concentrations greater than 1.0 wt% U3O8 to be "high-grade". **The Company considers radioactivity readings greater than 300 counts per second (cps) to be "anomalous". Qualified Person Statement The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, President and VP Exploration of the Company and a "qualified person" as defined in NI 43-101. Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company's future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization. References 1 2025-0515 - Name and Symbol Change - Vital Battery Metals Inc. (VBAM), CSE Bulletin, May 9, 2025. 2 Mineral Assessment Report 64E13-0054: Norbaska Mines Ltd., 1979-1980 3 SMDI# 2052: & Mineral Assessment Report MAW00047: Eagle Plains Resources Inc., 2011-2012 4 Standard Uranium Provides Exploration Update Highlighting Results of Gravity and TDEM Surveys on Three Eastern Athabasca Uranium Projects, News Release, March 13, 2025. About Standard Uranium (TSXV: STND) We find the fuel to power a clean energy future Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world's richest uranium district. The Company holds interest in over 233,455 acres (94,476 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development. Standard Uranium's Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected. Standard Uranium's eastern Athabasca projects comprise over 42,384 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries. Standard Uranium's Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area. For further information contact: Jon Bey, Chief Executive Officer, and ChairmanSuite 3123, 595 Burrard StreetVancouver, British Columbia, V7X 1J1 Tel: 1 (306) 850-6699E-mail: info@ Cautionary Statement Regarding Forward-Looking Statements This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company's exploration programs; and estimates of market conditions. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the "Risks and Uncertainties" in the Company's management discussion and analysis for the fiscal year ended April 30, 2024. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Optionee will proceed as planned; the future price of uranium; anticipated costs and the Company's ability to raise additional capital if and when necessary; volatility in the market price of the Company's securities; future sales of the Company's securities; the Company's ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company's mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
Yahoo
25-04-2025
- Business
- Yahoo
Abbott encourages Texans to participate in emergency supplies tax-free weekend
Apr. 24—AUSTIN — Governor Greg Abbott and the Texas Division of Emergency Management (TDEM) on Thursday encouraged Texans to participate in this year's Emergency Supplies Sales Tax Holiday starting Saturday, April 26, through Monday, April 28. "Having emergency supplies on-hand is one of the best ways Texans can keep themselves and their loved ones safe during emergency weather events," Abbott said in a news release. "I encourage all Texans to take advantage of this tax-free holiday to purchase emergency supplies, such as flashlights, first aid kids, or fire extinguishers, in order to be prepared for any potential severe weather or disasters." The Emergency Supplies Sales Tax Holiday was established in 2015 after Governor Abbott signed Senate Bill 904 into law. It allows Texans to purchase certain emergency preparation supplies tax free, in-store or online, during the designated weekend each year. The Texas Comptroller's website contains more information about eligible items and qualifying purchases. With spring storms in the forecast and hurricane season beginning on June 1, Texans are encouraged to take advantage of this annual opportunity and proactively prepare an emergency supply kit. Texans are urged to review disaster preparedness tips at and visit to locate information on emergency planning resources, including guidance on assembling a supply kit.
Yahoo
10-04-2025
- Business
- Yahoo
Fathom Nickel Announces Upsizing of Previously Announced Private Placement to $1.5 Million, Including Strategic Participation by Crescat Capital LLC
Calgary, Alberta--(Newsfile Corp. - April 10, 2025) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announce that, based on strong demand for its previously announced non-brokered private placement financing (announced March 3, 2025), the Company has upsized the gross proceeds from C$705,000 to up to C$1,500,000 (the "Upsized Offering"). All other terms of the Upsized Offering remain unchanged: the Upsized Offering will consist of units (the "Units") at $0.03 per Unit of the Company. Each Unit shall consist of one common share in the capital of the Company (a "Common Share") and one transferable Common Share purchase warrant (a "Warrant"). Each Warrant is exercisable into one Common Share for a period of 36 months from issuance at an exercise price of $0.05. Crescat Capital LLC ("Crescat") has agreed to make a strategic investment for up to 33% of the Upsized Offering. "We are happy to continue to fund this high-quality management and technical team and their discovery in this emerging, exciting critical mineral district in Saskatchewan", stated Kevin Smith, CFA, Founder and CEO of Crescat Capital. Quinton Hennigh, Crescat's Geologic & Technical Advisor added, "Fathom is on an elephant hunt at Gochager Lake. Early drilling has already discovered significant magmatic nickel-copper-cobalt sulfide mineralization. More recent work defines a robust, open-ended soil geochemical anomaly spanning at least 3km strike from northeast to southwest. Fathom now needs to extend its soil grid to more fully assess this soil anomaly as well as undertake surface TDEM surveys to search for more sulfide targets. This raise will allow the company to complete this work and build up a large inventory of refined drill targets. I am very glad to see the Company get back to work at this exciting project and eagerly await definition of new sulfide targets." The Upsized Offering will be completed by way of an exemption from the prospectus requirements available under section 5A.2 and other sections of National Instrument 45-106 Prospectus Exemptions. There is an amended offering document related to the Upsized Offering (the "Upsized Offering Document") that can be accessed under the Company's profile at and at Prospective investors should read this new Upsized Offering Document before making an investment decision. The net proceeds of the Upsized Offering will be used for exploration and development of the Company's Gochager Lake Project and for working capital and general corporate purposes. "We are very pleased with the response from current and prospective investors of Fathom to the announcement of the Upsized Offering, especially in light of this very challenging capital markets environment. The additional proceeds from the Upsized Offering will allow us to expand the extent of the planned field exploration program at Gochager Lake", stated Doug Porter, President & CFO. "Planning is currently underway to commence field mapping, soil geochemistry and geophysical work in early June, leading to a drill program in the fall." 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 Upsized Offering. In addition, it is expected that the Company will issue warrants to finders (the "Finder Warrants"), subject to the number of Units sold pursuant to the Upsized Offering. The sale of Units is expected to close on or about April 21, 2025, or such other date as the Company may determine. The Upsized Offering is subject to customary closing conditions, including the approval of the securities regulatory authorities and the Canadian Securities Exchange (the "CSE"). This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Fathom Nickel Inc. Fathom is an exploration company that is targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market and to secure supply of North American Critical Minerals. The Company now has a portfolio of three high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: 1) the 22,000+ hectare Gochager Lake Project that is host to a historic, NI43-101 non-compliant open pit resource consisting of 4.3M tons at 0.295% Ni and 0.081% Cu1, and 2) the Albert Lake Project, a 90,000+ hectare project that was host to the historic and past producing Rottenstone Mine2 (produced 28,724 tons @ 3.3% Ni, 1.8% Cu, 9.63 g/t 3E (Pd-Pt+Au) 1965-1969), and 3) the 10,000+ hectare Friesen Lake Project located 40km southwest of the historic Rottenstone Mine and 30km northwest of the historic Gochager Lake deposit. 1 - The Saskatchewan Mineral Deposit Index (SMDI #0880) reports drill indicated reserves at the historic Gochager Lake Deposit of 4,262,400 tons grading 0.295% Ni and 0.081% Cu mineable by open pit. Fathom cannot confirm the resource estimate, nor the parameters and methods used to prepare the reserve estimate. The estimate is not considered NI43-101 compliant and further work is required to verify this historical drill indicated reserve. 2 - The Saskatchewan Mineral Deposit Index (SMDI #0958) reports the production grades noted above from a small open pit. Fathom cannot confirm the production numbers nor a historic resource estimate that may have been in place ahead of production. The historic pit exists, and the Company trusts the production, as noted in SMDI #0958, to be accurate. The Company has performed test assaying of Rottenstone-type mineralization and results are consistent with production grades. For further information, please contact: Ian Fraser, Chief Executive Officer & Vice-President Exploration1-403-650-9760Email: ifraser@ or Doug Porter, President & CFO1-403-870-4349Email: dporter@ No securities regulatory authority has reviewed the adequacy or accuracy of this release. Forward-Looking Statements: This news release contains "forward-looking statements" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "seek", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding completion of the Upsized Offering, price of the Units, date for closing of the Upsized Offering, amount of proceeds under the Upsized Offering, approval of the Upsized Offering by regulatory authorities, including the CSE, payment of commissions and Finder Warrants to finders and use of proceeds under the Upsized Offering. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward- looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. To view the source version of this press release, please visit Sign in to access your portfolio
