# First Atlantic Nickel & Cobalt Produces High Grade Alloy Concentrate Up to 71.9% Nickel and 1.76% Cobalt from Its Pipestone XL Nickel-Cobalt Alloy Project, Using Its First-Ever ONSHORE MAX \(Magnetic Alloy eXtraction\) Recovery & Concentration Process, Unveiled at the Fastmarkets Lithium Supply & Battery Raw Materials Conference, Las Vegas, USA

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/first-atlantic-nickel-cobalt-produces-high-grade-alloy-concentrate-up-to-71-9-ni--38893928-1950-4dbf-b31a-0a543eb5a756

Original source: https://finance.yahoo.com/energy/articles/first-atlantic-nickel-cobalt-produces-103000551.html

Publisher: yahoo\_press

Original announcement: 2026-06-24T10:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: First Atlantic Nickel & Cobalt Corp.

- Ticker: FAN

- Exchange: TSXV

- Region: Newfoundland and Labrador

- Primary commodity: Nickel

- Secondary commodities: Cobalt

- Document categories: Metallurgy

- Extracted: 2026-08-20 21:36:34 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

First Atlantic Nickel & Cobalt reported preliminary results from its proprietary ONSHORE MAX recovery process. The process produced a high-grade alloy concentrate averaging 67.4% nickel and 1.76% cobalt from rock samples at the Pipestone XL project.

Reasoning: The company reported successful preliminary metallurgical results using a proprietary new process, producing high-grade nickel and cobalt concentrate.

- Positive factor: high grade concentrate

- Positive factor: proprietary novel process

Facts used in scoring: 2

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The process involves recovery and concentration of ore into an alloy concentrate.

Evidence · text

> recovery and concentration process

**Bench Scale Only**

Polarity: negative

Definition: Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: Results are described as preliminary results from a proprietary process on rock samples.

Evidence · text

> report preliminary results from its proprietary ONSHORE MAX™

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Metallurgical Results (2)

### Magnetic Alloy eXtraction

[Link to this fact](https://atlas-staging.minestarters.com/news/first-atlantic-nickel-cobalt-produces-high-grade-alloy-concentrate-up-to-71-9-ni--38893928-1950-4dbf-b31a-0a543eb5a756#fact-metallurgical-facts-0)

nickel

#### Identity

- Commodity: nickel
- Ticker: FAN

#### Test Work

- Program Status: preliminary
- Test Type: Magnetic Alloy eXtraction
- Processing Route: ONSHORE MAX \(Magnetic Alloy eXtraction\)
- Sample: rock samples from the RPM Zone of its wholly owned Pipestone XL Nickel-Cobalt Alloy Project

#### Recovery

- Conc. Grade: 67.4
- Conc. Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Reported concentrate grade of 67.4% Ni is very high for a preliminary metallurgical result.

- Positive factor: high grade concentrate

Evidence · text

> upgraded rock samples from the RPM Zone... into a high grade alloy concentrate averaging 67.4% nickel

### Magnetic Alloy eXtraction

[Link to this fact](https://atlas-staging.minestarters.com/news/first-atlantic-nickel-cobalt-produces-high-grade-alloy-concentrate-up-to-71-9-ni--38893928-1950-4dbf-b31a-0a543eb5a756#fact-metallurgical-facts-1)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: FAN

#### Test Work

- Program Status: preliminary
- Test Type: Magnetic Alloy eXtraction
- Processing Route: ONSHORE MAX \(Magnetic Alloy eXtraction\)
- Sample: rock samples from the RPM Zone of its wholly owned Pipestone XL Nickel-Cobalt Alloy Project

#### Recovery

- Conc. Grade: 1.76
- Conc. Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-06-24T00:00:00.000Z

Reasoning: Reported concentrate grade of 1.76% Co is significant for a byproduct in this context.

- Positive factor: high grade concentrate

Evidence · text

> high grade alloy concentrate averaging 67.4% nickel a

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.