Chilean Metals Inc. (CMETF)
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Power Nickel finalizes spinout of Golden Ivan project and Chilean assets
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) told investors that its previously announced spinout of the Golden Ivan property in British Columbia and certain Chilean assets and liabilities to its wholly owned subsidiary Chilean Metals (Spinco) will be effective at 12am Pacific Time on February 3. If the arrangement takes place as planned at this time, Power Nickel shareholders recorded at the close of trading on January 31 will receive one new Power Nickel common share and 0.05 of a Spinco common share for each share they held before the effective time.
Power Nickel wins shareholder and court approval for spin out of certain assets
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has secured shareholder and court approval for its plan to spin out the Golden Ivan property in British Columbia and certain Chilean exploration assets. At its November 22, 2024, annual meeting, 96.81% of shareholder votes supported the arrangement, which involves distributing shares in a new entity, Chilean Metals to existing Power Nickel shareholders.
Power Nickel welcomes strategic advisor amid Nisk project expansion
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has announced the appointment of Jon Christian (JC) Evensen as a strategic advisor to support the company's ongoing growth and development. Evensen will provide guidance on strategic transactions, capital markets, and optimizing the value of Power Nickel's assets for shareholders.
Power Nickel welcomes geologist to board
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has added renowned geoscientist Dr Steve Beresford to its board. During his career, Beresford chief geologist at three major mining companies, a lecturer and professor, and the founder of several exploration companies, Power Nickel highlighted.
Power Nickel begins 8,000 metre drilling program at Nisk
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) has announced the start of its 2024 summer drill program at the Nisk property in Nemaska, Quebec. With a targeted 20 holes and over 8,000 meters of drilling, Power Nickel is intensifying its search for additional mineralized zones rich in copper, platinum, palladium, gold, silver, and nickel at the polymetallic Lion Zone.
Power Nickel partners with Karbon-X to offset drill program's carbon footprint
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced it has partnered with Karbon-X to offset the carbon footprint associated with its 30,000-meter drill program at its Nisk nickel-copper project in Quebec. Exploration has resulted in the discovery of the Lion Zone, located 5 kilometers Northeast of the Main Nisk Deposit, which has prompted the company to “dramatically” ramp up its drilling program, Power Nickel CEO Terry Lynch highlighted.
