First Atlantic Nickel & Cobalt Raises 6.15 Million Dollars in No-Warrant, Non-Brokered Private Placement to Accelerate Mining Exploration and Development at Pipestone XL Nickel-Cobalt Alloy (Awaruite) Project in Newfoundland
First Atlantic Nickel & Cobalt Corp. has closed a $6.15 million non-brokered private placement to fund exploration and metallurgical testing at its Pipestone XL project in Newfoundland. The company highlighted its unique smelter-free processing pathway for nickel-cobalt alloy (awaruite), which recently produced a high-grade concentrate averaging 67.4% nickel.