Fathom Nickel Secures Full Ownership of Saskatchewan's Gochager Lake Property

Fathom Nickel Inc. has completed the final cash payment and share issuance required under the Gochager Lake Earn-In Agreement, granting the company full ownership of the Gochager Lake Property in Saskatchewan. The acquisition is subject to a 2% net smelter return royalty, finalizing a process that began when Fathom entered the agreement in 2022.

The significance of this milestone extends beyond simple property acquisition. Since 2022, Fathom has dramatically expanded the property from its original 4,696 hectares to over 34,000 hectares, representing a more than sevenfold increase in land position. This expansion has been accompanied by substantial geological progress, including the extension of the mineralized corridor to more than 1.4 kilometers in length.

CEO Ian Fraser emphasized that this achievement represents significant progress toward establishing a district-scale nickel camp through continued science-driven exploration. The company's approach focuses on systematic, data-informed exploration methods to maximize discovery potential in the resource-rich Saskatchewan region.

For investors and the mining industry, this development signals Fathom's strengthened position in the global nickel market. Full ownership eliminates future earn-in obligations and provides the company with complete operational control over exploration and development decisions. The expanded land package increases the potential for discovering additional nickel deposits within the property boundaries.

The timing of this acquisition coincides with growing global demand for nickel, particularly from the electric vehicle and renewable energy sectors. Nickel is a critical component in lithium-ion batteries, making discoveries in stable jurisdictions like Canada increasingly valuable. Saskatchewan's established mining infrastructure and supportive regulatory environment further enhance the property's development potential.

Investors can access additional information through the company's newsroom at https://ibn.fm/FNICF, while the full press release detailing this acquisition is available at https://ibn.fm/WzDPd. The completion of the earn-in agreement represents a strategic milestone that positions Fathom Nickel for accelerated exploration and potential resource development in one of Canada's most promising mining regions.

This development comes as junior mining companies face increasing pressure to secure quality assets in mining-friendly jurisdictions. Fathom's successful completion of the earn-in agreement and substantial property expansion demonstrates the company's ability to execute on its strategic objectives while building shareholder value through systematic exploration and asset development.