Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has revealed more details about the upcoming spin-out of its Golden Ivan property and Chilean exploration assets to Chilean Metals Inc. The arrangement is expected to take effect before the end of January 2025.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has entered into an agreement to spin out its interest in the Golden Ivan property and certain Chilean exploration assets and liabilities through a wholly owned subsidiary Chilean Metals. The company said it will continue to focus on advancing the Nisk polymetallic project in Quebec.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has provided an update on its exploration efforts at its Nisk polymetallic property in Nemaska, Quebec. The company said, in addition to its 2024 summer drill program at the Lion Zone which continues to successfully intersect polymetallic mineralization, it has commenced a property-scale exploration program.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced plans for a $20 million flow-through offering to support exploration activities on its Nisk property in Quebec. The company said that industry legend Rob McEwen is a backer in the financing.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) released a new round of assay results from its Lion discovery, highlighting significant expansions of high-grade copper, platinum, palladium, gold, and silver zones located near the company's main Nisk deposit. Highlights of the drill results include 15.4 meters at 0.44 grams per ton (g/t) gold (Au), 22.04 g/t silver (Ag), 5.06% copper (Cu), 13.12 g/t palladium (Pd), 3.35 g/t platinum (Pt), and 0.015% nickel (Ni) in one drill hole, including a 5.05-meter section at 0.61 g/t Au, 50.29 g/t Ag, 13.27% Cu, 24.62 g/t Pd, 6.73 g/t Pt, and 0.33% Ni and 3.35 meters at 0.70 g/t Au, 60.36 g/t Ag, 17.26% Cu, 25.02 g/t Pd, 3.61 g/t Pt, and 0.37% Ni.