FATHOM NICKEL ANNOUNCES THE CLOSING OF THE SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

Fathom Nickel Inc., a Calgary-based nickel exploration company trading on the Canadian Securities Exchange under the symbol FNI, has successfully closed the second and final tranche of its private placement financing. The completion of this fundraising round represents a significant milestone for the company as it secures the capital necessary to advance its nickel exploration activities.

The successful closure of both tranches of the private placement demonstrates investor confidence in Fathom Nickel's strategic direction and the potential of its nickel assets. This financing provides the company with the working capital required to execute its exploration programs and corporate initiatives in the current market environment.

The completion of this financing comes at a time when nickel demand continues to be supported by the growing electric vehicle battery market and stainless steel production. For Fathom Nickel, having adequate funding in place positions the company to capitalize on opportunities in the nickel sector and advance its exploration objectives without immediate dilutive pressure.

Looking forward, the successful completion of this private placement provides Fathom Nickel with financial flexibility to execute its business plan and potentially advance toward more significant exploration milestones. The company's ability to complete its financing in the current market conditions reflects both management's execution capabilities and the underlying appeal of nickel as a critical mineral for the energy transition.