First Atlantic Nickel Corp. closed the first tranche of a non-brokered, no-warrant private placement under Canada’s listed issuer financing exemption, issuing 17,036,609 common shares at C$0.18 each for gross proceeds of about C$3.07 million. CEO Adrian Smith subscribed for 1,000,000 shares for C$180,000. The company said proceeds will be used to advance its projects, meet option payments, maintain mineral claims, and for general corporate purposes, and it expects to complete a second tranche later.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Atlantic Nickel Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9656587-en) on February 18, 2026, and is solely responsible for the information contained therein.