Power Metallic Mines is focused on high-potential copper, gold, and battery metal prospects in Canada

Power Metallic Mines Inc - formerly Power Nickel Inc - is a Canadian junior exploration company focusing on high-potential copper, gold, and battery metal prospects in Canada and Chile. On February 1, 2021, Power Nickel completed the acquisition of its option to acquire up to 80% of the NISK project from Critical Elements Lithium. The NISK property comprises a large land position (20 kilometers of strike length) with numerous high-grade intercepts. The company is the 100% owner of five properties comprising over 50,000 acres strategically located in the prolific iron-oxide-copper-gold belt of northern Chile. It also owns a 3% NSR royalty interest on any future production from the Copaquire copper-molybdenum deposit, recently sold to a subsidiary of Teck Resources Inc.

Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has entered into a definitive agreement to acquire a 100% interest in 313 mineral claims totaling 167 square kilometers from Li-FT Power.

The newly acquired claims are adjacent to Power Metallic’s Nisk property in Quebec, where exploration is currently underway at the Lion copper-platinum group elements discovery and the Nisk nickel-copper-cobalt deposit.

Upon closing of the transaction, Power Metallic's land holdings will expand by more than 300% to approximately 213 square kilometers.

Exploration by both Power Metallic and Li-FT had outlined additional prospective ground around the Nisk property, with the newly acquired claims providing access to extended strike length along both the northern and southern basin margins.

Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) has reported the final assay results from its winter 2025 drill campaign, with promising intersections at the Lion Zone and early signs of mineralization at Nisk East.

Nine holes were drilled at the Lion Zone, with highlights including 12.54 meters grading 3.1 g/t gold, 25.5 g/t silver, 4.1% copper, 12.1 g/t palladium, and 2 g/t platinum, for a copper equivalent of 11%.

Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) has reported encouraging results from five drill holes targeting the deeper plunge of the Lion Zone at its Nisk polymetallic project in Quebec as part of its winter 2025 exploration program.

Drilling was focused on extending known mineralization and testing a significant off-hole borehole electromagnetic (BHEM) anomaly identified in a previous hole, Power Metallic said on Wednesday.

Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has earned a ‘Buy’ rating in initial coverage from analysts at Roth Capital Partners, who see the company’s high-grade polymetallic Nisk project in Quebec as a potential acquisition target for a major mining company.

“Its Lion Zone discovery has high grades and high-value tonnage, making the project attractive to major mining companies,” analysts wrote in a note to clients.

They believe the Lion Zone, located 5.5 kilometers away from the Nisk Main deposit, “may be the tip of a unicorn’s horn” due to the rare and highly prospective nature of the deposit.

Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) CEO Terry Lynch joined Steve Darling from Proactive to share exciting updates on the company's progress in its ambitious 2024 drilling program. Lynch provided details on the success of their latest exploration efforts, revealing a mineralized zone that extends over 600 meters deep. This discovery opens up significant untapped potential to the west, south, and at further depths, highlighting the immense opportunity that lies within this promising site.

Lynch emphasized the polymetallic nature of the deposit, which is set to yield an extraordinary blend of critical metals. He remarked, "This deposit will ultimately comprise equal parts nickel, copper, and noble metals such as gold and silver." These metals are essential to various industries, particularly in the green energy and electric vehicle sectors, underscoring the global importance of this find. One of the most striking aspects of the exploration program has been the discovery of massive chalcopyrite.

Lynch described this aspect of the deposit as "mind-numbing," noting that its presence further solidifies the extraordinary value of the project. The polymetallic nature of this deposit positions it as one of the rarest and most valuable assets of its kind anywhere in the world. Power Nickel’s 2024 exploration activities are part of an expansive 30,000-meter drill program that is expected to run through April. This program is leveraging advanced technologies like downhole electromagnetic (EM) surveying to maximize exploration success.