First Atlantic Nickel & Cobalt extends Pipestone XL Alloy Max zone with 525-meter awaruite intercept

• First Atlantic Nickel & Cobalt drilled a 525-meter hole at the Alloy Max Zone at its Pipestone XL nickel-cobalt alloy project in Newfoundland.
• Hole XL-26-16, drilled 445 meters south of the discovery hole, showed visible awaruite across the full length.
• Mineralization began below about 9 meters of overburden, then continued to 525 meters, leaving the zone open at depth.
• Drilling has confirmed about 445 meters of strike within an Alloy Max target spanning about 4 km, roughly 11% tested.
• Core logging linked coarser awaruite to lower magnetite, prompting a reinterpretation of magnetic data that could expand targets.

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 & Cobalt Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607160630PRIMZONEFULLFEED9763288) on July 16, 2026, and is solely responsible for the information contained therein.