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.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced the results of five drill holes from its fall exploration campaign at the Lion Zone, confirming the extension of high-grade mineralization and paving the way for an expanded winter drilling program. The standout result, which tested the interpreted plunge of the Lion Zone, returned 19.4 meters of mineralization grading 4.29% copper equivalent, including a higher-grade interval of 5.35 meters at 10.6% copper equivalent.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has announced a new discovery located 700 metres east of the Lion Zone at its Nisk polymetallic project in Quebec. In late 2024 the company tested a weak electromagnetic (EM) target similar to the one found over the Lion Zone.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has announced assay results from three drill holes which were part of its fall 2024 exploration campaign at the Lion Zone at its Nisk polymetallic project in Quebec. Drilling focused on testing the depth and western extensions of the mineralized zone.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has announced the results from the first two holes of its fall drilling campaign at the Lion Zone at its polymetallic Nisk project in Quebec. One hole showed promising results, including 29.40 meters with 0.53 g/t gold, 11.95 g/t silver, 1.15% copper, 1.08 g/t palladium, 0.36 g/t platinum, and 0.06% nickel.
LEV files for bankruptcy protection after months of financial turmoil, including failed attempts to secure additional funding and defaults on debt repayments.
Electric bus and truck maker Lion Electric has said it expects to seek creditor protection after defaulting on debt. Protection under the Companies' Creditors Arrangement Act would be sought in order to allow a restructuring of the business and formal sales process, Lion Electric said Tuesday.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) reported drilling results confirming the extension of mineralization at the Lion Zone, located within its Nisk project. The company announced that recent drill holes intercepted mineralized units 125 meters below and 75 meters west of the previously identified area, pushing the depth of the zone down to 600 meters below surface.
Lion Electric shares surged on Monday after the Quebec-based electric school bus manufacturer announced that it has extended debt deadlines with its lenders and has temporarily laid off more than half of its workforce. The company's stock had added 135% at C$0.60 mid-morning on the update.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has successfully completed Hole 80 at its Nisk Project near Nemaska, Quebec, stepping out 150 meters west along the strike of the Lion Zone. This step-out is part of the company's efforts to expand the zone, which currently has a confirmed strike length of 550 meters.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) shares moved higher during Monday's session after the company unveiled additional positive results from its summer drilling program at the polymetallic Lion Zone, situated 5.5 kilometers away from the Nisk Main Zone at the Nisk project in Quebec. The results demonstrated continued successful westward expansion with high-grade copper equivalent intersections, including 19.6 meters at 3.82% copper equivalent (CuEq).
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has unveiled another set of promising assay results from its summer drilling program at the polymetallic Lion Zone at its Nisk project in Quebec. Highlights from the results included 19.60 meters with 3.82% copper equivalent (CuEq) of 1.27 grams per ton (g/t) gold, 20.30 g/t silver, 2.53% copper, 1.01 g/t palladium, 2.42 g/t platinum and 0.15% nickel from Hole 72.