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Power Nickel Inc. (TSXV: PNPN)(OTCBB: CMETF)(Frankfurt IVV) is a Canadian junior exploration company focusing on developing the High-Grade Nisk project into Canada's first Carbon Neutral Nickel mine. The company completed the acquisition of up to 80% of the Nisk project from Critical Elements Lithium Corp. The NISK property has a significant land position with high-grade intercepts, and Power Nickel aims to expand the historical high-grade nickel-copper PGE mineralization with drill programs. The company also owns land packages in British Colombia and Chile, with plans for reorganization.
Power Nickel Inc. has announced a proposed non-brokered private placement offering up to 10 million flow-through units at $0.20 each and 10 million non-flow-through units at $0.10 each, potentially raising CAD $3 million. The funds will be utilized primarily for Canadian exploration expenses eligible for a 30% tax credit and to settle approximately $800,000 in debt. The offering is subject to the approval of the TSX Venture Exchange and includes a four-month hold period on issued units.
Power Nickel (OTCQB: CMETF) announces a need to amend its Technical Report on the Nisk Project following a review by the British Columbia Securities Commission. The current report fails to meet NI 43-101 standards regarding mineral resource estimates. Power Nickel plans to conduct further metallurgical analysis and include results from the ongoing drilling program in the amended report, anticipated for completion in Q1 2023. The company is committed to ensuring compliance and accuracy in its disclosures.
Power Nickel Inc. (OTCQB: CMETF) has initiated the second round of drilling at its Nisk Nickel project following the release of the NI 43-101 Technical Report and Mineral Resource Estimate on August 30, 2022. This new drilling program, set to cover approximately 5,500 meters, aims at infilling gaps in the resource area and expanding known mineralization. The Nisk Project is situated in Quebec, boasting numerous high-grade Nickel intercepts over a significant land position of 20 kilometers. The company aims to demonstrate the potential for Nisk to become Canada's next Nickel Mine.
Power Nickel Inc. has filed a Technical Report on SEDAR detailing the Mineral Resource Estimate for its Nisk Project, effective May 17, 2022. The report, prepared by 3DGeo Solution Inc., estimates 2.6 million tonnes of Indicated Resources with a grade of 1.20% NiEq and 1.4 million tonnes of Inferred Resources grading 1.29% NiEq. The project shows potential for both open-pit and underground mining. The company plans further drilling to explore additional resources, underscoring significant commercial potential in the area.
Power Nickel and Critical Elements Lithium Corporation announced the initial NI 43-101 compliant Mineral Resource Estimate for the Nisk Nickel Sulphide project in Quebec. The estimate includes more than 2.5 million indicated tonnes at 1.20% NiEq and 1.4 million inferred tonnes at 1.29% NiEq. Power Nickel plans to conduct infill drilling to enhance this estimate, with drilling expected to start in August 2022. This project indicates significant commercial potential, amid a backdrop of growing nickel demand in the electric vehicle market.
Power Nickel Inc. (OTCQB:CMETF) will present at the Emerging Growth Conference on May 25, 2022. CEO Terry Lynch will discuss recent developments in the Nisk Nickel Project, located near James Bay, Quebec, and share insights on an upcoming 43-101 report. The presentation is scheduled for 10:45 AM ET and will last 30 minutes, allowing for real-time interaction and Q&A with attendees. An archived version of the presentation will be available post-event for those unable to attend live.
Power Nickel (OTCBB:CMETF) announced a successful warrant exercise, issuing 5,557,125 shares and raising $833,568.75. This capital will fund an up to 5000 Metre follow-up drill program at the Nisk Nickel Sulphide project in Quebec. CEO Terry Lynch expressed optimism about expanding resources, stating the drilling program will explore the extension of Nisk Main and other target zones. The historical resource estimates are noted, with caution advised as they have not been confirmed under NI 43-101 standards.
Power Nickel has announced promising drill results from its Nisk Nickel Sulphate project, confirming high-grade nickel mineralization. The latest drills, PN-21-001 and PN-21-004, reported significant thickness and grades: PN-21-001 revealed 12.4 meters of 0.82% Ni and PN-21-004 showed 3.6 meters of 1.05% Ni. The company plans to release a NI 43-101 compliant resource estimate in Q2 and has initiated a fully funded 5,000-meter drilling program. The project site's historical resource estimates necessitate caution as they haven’t been officially verified.
Power Nickel has announced plans for a 5000-meter follow-up drill program at its Nisk project, expected to start later in Q2 2022. CEO Terry Lynch highlighted the project's potential in addressing the growing demand for high-grade Nickel Sulphate for battery production. The company will fund the drilling through existing capital and the acceleration of September 2020 warrants set to expire on April 29, 2022. They are exploring strategic investments for a 10% stake in the company amid ongoing discussions with potential buyers in the Nickel industry.
Power Nickel has announced significant drill results from its Nisk Nickel Sulphate project near James Bay, confirming high-grade nickel mineralization. Notable findings include 27.4 meters of 0.94% Ni and 0.63% Cu (hole PN-21-003A) and 8.4 meters of 1.45% Ni (hole PN-21-002). These results suggest the potential for a commercial nickel sulphate deposit. The company aims to deliver a NI 43-101 compliant Mineral Resource Estimate in Q2, although current resource estimates are historic and should be viewed with caution.
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