10:30 AM EDT, 03/13/2025 (MT Newswires) -- First Atlantic Nickel's ( FANCF ) shares jumped 15% at last look Thursday on the TSXV as the company released the initial Davis Tube Recovery (DTR) metallurgical test results from the first drill hole at the RPM Zone, part of the Atlantic nickel project in Newfoundland.

The company said test results yielded a magnetic concentrate containing an average grade of 1.37% nickel and 1.73% chromium across the entire 383.1-meter length of the drill hole, which encompassed all 133 drill core samples.

According to First Atlantic, the initial metallurgical results confirm the potential for magnetic separation as a viable processing method for awaruite nickel mineralization previously identified at the RPM Zone.

"Not only have we confirmed extensive nickel mineralization at the RPM Zone, but we've now demonstrated that a substantial portion of this nickel can be efficiently recovered using simple, environmentally friendly magnetic separation techniques," CEO Adrian Smith

"Achieving a 91.5% mass reduction while producing a concentrate grading 1.37% nickel is a major step toward our goal of developing a North American nickel source that eliminates the need for roasting, high pressure acid leaching, and smelting," Smith added.

Meanwhile, a recent report said the mining industry's increasing focus on sustainability and responsible practices is influencing nickel mining, with companies adopting environment friendly processes to meet regulatory standards and consumer expectations.

According to the report from Precedence Research the global nickel mining market size is calculated at US$56.42 billion in 2025 and is forecasted to reach around US$100.29 billion by 2034, accelerating at a CAGR of 6.56% from 2025 to 2034.

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