First Atlantic Closes No-Warrant Non-Brokered Private Placement Financing to Advance Pipestone XL Atlantic Canada Nickel-Cobalt Alloy (Awaruite) Project

GRAND FALLS-WINDSOR, Newfoundland and Labrador, March 11, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) (“FAN” or the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Offering”) of flow-through common shares only, without warrants, for aggregate gross proceeds of $1,300,000.32 from the sale of 4,814,816 flow-through common shares of the Company (each, a “FT Share”) issued at a price of $0.27 per FT Share on a “flow-through” basis pursuant to the Income Tax Act (Canada). All securities issued in connection with the Offering will be subject to a hold period of four months and one day following the closing of the Offering under applicable Canadian securities laws.