Fold em' – Give me a new hand 🃏

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the "Company" or "Fathom") is pleased to announce that it has closed the first tranche of its non-brokered offering of flow-through units and non flow-though units (the "Offering"), previously announced on December 4, 2023. Pursuant to the Offering the Company issued 23,213,431 flow-through common units (the "FT Units") at a price per FT Unit of $0.13 (the "FT Price") for gross proceeds of $3,017,746, and 3,312,095 non-flow through Units (the "NFT Units") at a price per NFT Unit of $0.11 (the "NFT Price") for gross proceeds of $364,330. Combined gross proceeds of the Offering was $3,382,076. The second tranche of the Offering, expected to be a combination of approximately $1,200,000 charity flow-through units and NFT Units, is expected to close during the second week of January 2024.

First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce that it has closed on an initial tranche (the "Initial Tranche") of the non-brokered private placement financing for gross proceeds of a minimum of $2,000,000 (the "Offering"), as further described in the Company's news release dated December 14, 2023. As part of the Initial Tranche, the Company issued 1,970,000 Flow-Through Shares for aggregate gross proceeds of $985,000. Capitalized terms used in this news release and not defined herein have the meanings given to them in the the Company's news release dated December 14, 2023.

Under the purchase and sale agreement, O3 paid $2,000,000 to Globex at closing, consisting of $150,000 in cash and 1,185,897 common shares of O3. One-half of the O3 shares issued to Globex are subject to a six-month contractual hold period, and one-half of the shares are subject to a twelve-month contractual hold period. Globex has retained a 2.5% Gross Metal Royalty (“GMR”) on 104 claims and a 1% GMR on the 52-claim G Block recently purchased by Globex. O3 will assume an underlying 2% net smelter returns royalty on the 52 claims.   O3 may purchase 40% of the 2.5% GMR (equal to a 1% GMR interest) from Globex for $1,500,000, payable half in cash and half in O3 shares, at any time prior to the commencement of commercial production.

"We are pleased to consolidate the Kinebik and Cameron properties into an exploration package along the Casa Berardi trend that we expect will have strategic benefits for the long-term operations of the Corporation. Consistent with our core exploration strategy, this transaction is an extension of our mission to explore and develop the major geologic faults in Québec. Our exploration success on the Cadillac Break will provide a baseline of expertise to continue our strategy along the prolific Casa Berardi trend".

Each CFT Unit consisted of one (1) common share that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) (the “Act”) and one (1) common share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one (1) common share of the Company at an exercise price of $0.85 per share for a period of 24 months from the date of issuance.