CMETF - CMETF STOCK NEWS

Power Nickel (TSXV:CMX)(OTCQB:CMETF) announced promising assay results from its Golden Ivan Property exploration during the summer of 2021. The exploration unearthed two high-grade gold zones, with notable grades of 16.2 g/t and 15.1 g/t Au from surface samples. A total of 210 rock samples were collected, with 17 samples exceeding 0.1 g/t Au. The findings strengthen the potential for further exploration and drill target development in 2022. CEO Terry Lynch expressed excitement for the results and the ongoing exploration efforts.

Power Nickel Inc. has initiated a 4000-metre drilling program at its Nisk Project to explore high-grade nickel-copper resources. Utilizing a new 3D geological model developed by 3DGeo-Solution Inc., the program targets four key areas over a 20-kilometre land position. The expected duration of the drilling phase is 4-5 weeks, with initial assay results anticipated in January. The project aims to prepare a new Mineral Resource Estimate compliant with NI 43-101, advancing one step closer to mine development amidst growing demand for nickel in electric vehicles.

Power Nickel (OTCQB: CMETF) has received a 3D Litho-Structural Report on its Nisk project from 3DGeo-Solution Inc.. The report outlines targets to expand the Nisk historical deposit, though estimates are historic and not NI 43-101 compliant. An initial drill program of approximately 4000 metres is set to begin in early November 2021, focusing on high-grade nickel zones. CEO Terry Lynch emphasizes the project's potential amid rising demand for nickel in electric vehicles.

Power Nickel Inc. (formerly Chilean Metals Inc.) has officially changed its name and will commence trading under the new symbol PNPN on the TSXV starting July 12, 2021. The company is focusing on its Nisk Project in James Bay, which involves nickel, copper, cobalt, and palladium. A subsidiary, Consolidation Gold and Copper Inc., will be created, holding interests in the Golden Ivan project and other assets in British Columbia and Chile. Shareholders are projected to receive 20% ownership in the new entity, with expectations for increased asset focus and value creation.

Chilean Metals Inc. has successfully closed a $2.2 million non-brokered private placement, issuing 3.6 million common shares at $0.25 and 3 million flow-through shares at $0.40. The funds will be allocated for exploration expenditures on the NISK Nickel project in Quebec and support its upcoming Plan of Arrangement, which includes a name change to Power Nickel Inc.. The company aims for an updated 43-101 compliant resource in Q3/Q4 2021, highlighting the potential for high-grade nickel-copper production.

Chilean Metals Inc. (CMETF) has announced a non-brokered private placement raising $2 million. This includes 4 million common shares at $0.25 and 2.5 million flow-through shares at $0.40 each. Proceeds will fund exploration of the NISK Nickel project in Quebec. The financing is expected to close on April 23, 2021, pending TSXV approval. Funds will also support the company's proposed Plan of Arrangement, aimed at transitioning to Power Nickel Inc. and focusing on nickel exploration. The NISK property is noted for its significant mineralization potential.

Chilean Metals Inc. is set to rebrand as Power Nickel Inc., focusing on the Nisk Project's development in Canada. The company plans to spin off its Chilean assets into a new public entity, ensuring shareholders retain interests in both firms. Additionally, a new subsidiary, Consolidation Gold and Silver Inc., will house the Golden Ivan project in British Columbia. Shareholders will benefit from owning shares in all companies post-separation, with the transaction expected to finalize after regulatory approvals in mid-2021.

Chilean Metals Inc. (TSXV:CMX)(OTCBB:CMETF) has engaged Relations Publiques Paradox Inc. to enhance investor awareness regarding its strategic acquisitions and growth potential. CEO Terry Lynch highlighted the acquisitions of the Golden Ivan project in British Columbia and the NISK Battery Metals project in Quebec as transformative. The NISK project holds a historical resource estimate including 1,255,000 tonnes at 1.09% Ni and other valuable metals. The partnership with Paradox will last two years, costing the company $10,000 monthly and offering stock options.

Chilean Metals Inc. has initiated Phase 1 drilling at its Tierra de Oro project in Chile, targeting two promising areas identified through AI analysis by Windfall Geotek. The project spans 5,675 hectares, with significant copper, gold, and silver mineralization potential. Drilling will focus on the Chanchero and Iron Skarn zones, with a total of 1,500 meters planned by mid-December 2020. The company anticipates assay results by late January 2021. Previous limited sampling showed promising gold and copper grades, enhancing investor interest in this exploration venture.