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home / news releases / FNI - Fathom Nickel prepares for busy exploration summer after closing oversized financing

FNI - Fathom Nickel prepares for busy exploration summer after closing oversized financing

First Trust Chindia

(NewsDirect)

Fathom Nickel CEO Ian Fraser joined SteveDarling from Proactive to share news the company has completed itsfinancing bringing in just under $3 million in an oversubscribedoffering.

Fraser told Proactive thecompany is looking to use the proceeds on its Albert Lake and GochagerLake projects in Saskatchewan.

Currently, a geophysical crew isworking at the Gochager Lake project to understand the geometry of themassive sulphide mineralization encountered earlier. This will aid inplanning drilling activities scheduled for late July or August.Additionally, surface geophysics will be conducted at the Albert Lakeproject to focus on the Tremblay Olson claims, where a significantanomaly was detected.

Contact Details

ProactiveCanada

+1 604-688-8158

na-editorial@proactiveinvestors.com

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Stock Information
Company Name: First Trust Chindia
Stock Symbol: FNI
Market: NYSE
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