Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) could have a large-scale deposit on its hands with the Nisk project in Quebec, at least according to analysts at Red Cloud Securites. Analysts visited the site earlier this month and noted the complexity of the geology but commending the company's exploration team.
Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) CEO Terry Lynch talked with Proactive about the company's latest exploration activities and expansion plans. Lynch explained that the company has significantly increased its land package at its Nisk polymetallic project in Quebec, now holding seven of eight key targets that could define a new district comparable to Sudbury, which hosts 33 mines.
Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has secured the exploration license for the Jabal Baudan project in Saudi Arabia, a major milestone in its international expansion. The company highlighted that with this award it becomes one of the few foreign mining companies to receive a concession in the Kingdom, following a successful bid in a competitive licensing process.
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.
Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) has reported the results from four drill holes at the Tiger Zone at its Nisk polymetallic project in Quebec, all of which intersected Lion-style polymetallic mineralization, primarily copper, at shallow depths ranging from 50 to 100 meters below surface. The holes targeted off-hole electromagnetic (BHEM) anomalies identified from earlier drilling.
Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it plans to scale up exploration at its flagship Nisk project in Quebec during the second quarter of 2025. The company said following a recent equity raise its exploration budget through to 2026 is more than C$40 million.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has been named one of the top 50 performers on the TSX Venture Exchange (TSXV) for 2024, achieving an impressive 365% share price increase over the year. The company, which is advancing the Nisk polymettalic project in Quebec, was ranked as the top mining stock and secured the fourth spot overall.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced it is rebranding to Power Metallic Mines to reflect the company's evolving strategy. "Nickel isn't a four-letter word in North America but it also does not reflect the high-grade polymetallic discovery we have made at Nisk,” CEO Terry Lynch said in a statement.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) said on Tuesday it is increasing its previously announced private placement offering by up to C$10 million, bringing the total proceeds to C$50 million due to strong investor demand. The upsized offering includes C$40 million in Quebec flow-through shares priced at C$2.83 each and up to C$10 million in non-flow-through common shares at C$1.45 apiece, the company said in a statement.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) said it has planning to raise up to C$45 million to advance work on its Canadian exploration portfolio. The junior resource company entered into an agreement with BMO Capital Markets and Hannam & Partners to lead a private placement offering, which consists of up to C$37 million in Quebec flow-through shares (FT Shares) and up to C$8 million in hard dollar shares (HD Shares).
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has completed the spinout of its Golden Ivan property in British Columbia and certain Chilean assets to shareholders through Chilean Metals. CEO Terry Lynch said the spinout would allow Chilean Metals to grow “at its own pace and on its own merit.
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has announced the appointment of Joe Campbell as vice president of exploration. Campbell brings over 40 years of expertise in major mining projects, having held roles such as chief geologist in both open pit and underground operations and project manager.