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Fathom Nickel Inc. (FNI) Financings

CSE: FNI · Nickel · Advanced Exploration stage

Fathom Nickel Inc. is a junior exploration company that is targeting magmatic nickel sulphide discoveries to support the rapidly growing global electric vehicle market and the clean energy transition. The Company now has a portfolio of two high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: 1) the Albert Lake Project, a 90,000+ hectare project that was host to the historic and past producing Rottenstone deposit (produced high-grade Ni-Cu+PGE, 1965-1969), and 2) the Gochager Lake Project, a property consisting of approximately 5,000 hectares that has seen limited historic exploration but contains known Ni-Cu-Co mineralization.  The Company is advancing exploration initiatives at both projects.

Fathom Nickel Inc. financial statements

Key figures read from 19 of 19 financial statement filings, May 31, 2021 to Sep 8, 2026. Each column is the period as the company first filed it.

Balance sheet: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

Dec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Cash and equivalentsC$11,263C$314,973C$3,295,508C$2,956,035C$8,087,554
Total current assetsC$18,474,034C$17,731,880C$14,211,377C$10,476,147C$5,795,349
Total current liabilities——C$698,719C$447,831C$1,247,872
Working capital——C$13,512,658C$10,028,316C$4,547,477
Exploration and evaluation assetsC$18,469,791C$17,724,505C$14,201,956C$10,239,334C$5,519,697
Total assetsC$19,204,991C$18,812,587C$18,304,121C$14,165,606C$14,388,994
Total liabilitiesC$434,551C$618,980C$698,719C$661,629C$1,509,119
Shareholders' equityC$19,204,991C$18,812,587C$18,304,121C$14,165,606C$14,388,994

Income statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
General and administrativeC$353,886C$704,610C$1,202,442C$769,451C$861,238
Share-based compensationC$86,993C$126,000C$401,550C$525,402C$936,368
Net income (loss)(C$944,542)(C$1,003,259)(C$2,054,840)(C$1,146,725)(C$4,757,428)

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Operating cash flow(C$921,851)(C$903,711)(C$1,993,906)(C$1,907,937)(C$2,159,478)
Investing cash flow(C$746,666)(C$3,524,599)(C$3,727,572)(C$4,715,225)(C$3,947,772)
Financing cash flowC$1,364,807C$1,447,775C$6,060,951C$1,491,643C$14,185,534
Exploration spending (capitalized)(C$835,139)(C$3,672,549)(C$3,777,572)(C$4,756,137)(C$4,036,110)
Proceeds from share issuesC$1,423,882C$1,508,214C$5,983,665C$1,505,925C$14,187,525
Change in cash(C$303,710)(C$2,980,535)C$339,473(C$5,131,519)C$8,078,284
Cash at end of periodC$11,263C$314,973C$3,295,508C$2,956,035C$8,087,554

Fathom Nickel Inc. financings

1 financing announced or closed by Fathom Nickel Inc., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-01-23Fathom Nickel Inc. (FNI)Flow-through, private placement, brokeredClosed, 2 tranches$4.0M$0.048Fathom Nickel Announces $3 Million Private Placement Including Strategic Participation by Crescat Capital LLC

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