Fathom Nickel Announces Non-Brokered Unit Offering

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FATHOM NICKEL ANNOUNCES NON-BROKERED UNIT OFFERING

Calgary, Alberta – November 4, 2024 – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the “Company” or “Fathom“) is pleased to announce a proposed private placement of units (the “Offering”). Each unit (the “Unit”) is comprised of one common share (“Common Share”) and one-half of a transferable Common Share purchase warrant (the “Warrant”) with one whole Warrant entitling the holder to acquire one Common Share (“Warrant Share”) for a period of 36 months from issuance at an exercise price of $0.07. The Offering is expected to be completed on a non-brokered basis under the listed issuer financing exemption set forth under section 5A.2 of National Instrument 45-106 – Prospectus Exemptions (“Listed Issuer Exemption”).

Pursuant to limitations imposed under the Listed Issuer Exemption and based on an expected offering price of $0.03 per Unit (the “Offering Price“), the maximum gross proceeds of the Offering are expected to be $750,000.  There can be no assurance as to completion of the Offering.