First Atlantic Nickel & Cobalt Corp. announced the discovery of the Alloy Max South Zone at its Pipestone XL Nickel-Cobalt project in Newfoundland. Drill hole XL-26-18 intersected abundant near-surface awaruite, considered the best visible to date at Alloy Max, with mineralization open at depth due to faulted ground. Drill hole XL-26-17 extended the Alloy Max North Zone, expanding the known mineralized area. The company has raised $13.4 million to support expanded drilling, including plans for a more powerful drill to penetrate faulted zones and explore deeper mineralization across multiple zones.
First Atlantic Nickel & Cobalt's recent discovery at the Alloy Max South Zone adds to the expanding interest in basic materials. For readers following the Basic Materials sector, here is Pluang's market snapshot as of Oct 13, 2026 18:11 WIB: Among 62 priced US stocks, 38 rose and 18 fell. Notable movers include Equinox Gold Corp. (EQX) at USD 11.39 with a 1-day change of +1.70% and a typical hold time on Pluang of 4 days; Endeavour Silver Corp. (EXK) at USD 8.41 with a 1-day change of -1.52% and 100% buy order activity; and Standard Lithium Ltd (SLI) at USD 1.51 with a 1-day change of +1.34% and 81% sell order activity.
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