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POWER NICKEL INC (PNPNF) is a Canadian junior exploration company with a focus on developing the Nisk project into Canada's first Carbon Neutral Nickel mine. The flagship nickel project NISK, situated in Quebec, Canada, is strategically positioned to supply high-grade nickel to the growing North American market for lithium-ion batteries. The company continues to expand its Near Surface High-Grade Copper, Platinum, Palladium, Gold, and Silver Zone near its main Nisk Deposit, showcasing impressive assay results and promising mineral discoveries. Power Nickel is also actively engaged in offsetting its carbon footprint associated with drilling activities through partnerships with environmental organizations like Karbon-X. With a dedication to environmental stewardship and sustainability, Power Nickel is paving the way for responsible mining practices in the industry.
Power Nickel (TSXV: PNPN) (OTCBB: PNPNF) has been recognized among the 2024 Top 50 performers on the TSX Venture Exchange, achieving a remarkable 365% share price appreciation in 2024. The company ranked as the #1 mining company and fourth overall among more than 1,600 TSXV issuers.
The Top 50 companies collectively demonstrated an average share price appreciation of 207% in 2024, improving from 121% in 2023 and 73% in 2022. The group's combined market capitalization reached $21.7 billion, representing an increase of over $16 billion during the year.
Selection criteria for the TSX Venture 50 were based on three equally weighted factors: one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value as of December 31, 2024. CEO Terry Lynch attributed the success to proving the Lion Zone's potential and announced plans to double exploration programs in 2025, with the company being fully funded.
Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) has received approval from the TSX Venture Exchange to change its name to Power Metallic Mines Inc., effective February 21, 2025. The company's shares will continue trading under the symbol 'PNPN' with new CUSIP/ISIN numbers 73929R105/CA73929R1055.
The name change reflects the company's evolution beyond nickel, acknowledging their polymetallic discovery at Nisk. The Lion Zone has demonstrated high-grade Copper, Platinum, and Palladium assays across 40 holes and hundreds of meters of drilling. The company will launch a new website at PowerMetallic.com along with a new video on February 21, marking what they consider their most important discovery phase.
Power Nickel (TSXV: PNPN, OTCBB: PNPNF) has announced results from 5 holes of their fall campaign at the Lion zone. Hole PN-24-095a delivered significant results with 10.60% CuEq over 5.35 metres within a broader intersection of 3.61% CuEq over 19.40 metres.
Holes PN-24-082 to PN-24-085 were drilled 100-200m west of known mineralization, returning only weak platinum and palladium values. These holes will undergo borehole EM (BHEM) surveys with an expected 'look' radius of 150-200 meters. Hole PN-24-88, testing between Lion and Lion East discovery, showed minor gold and copper values.
The company has added a second drill at the site, with a third drill planned for mid-February. This increased capacity aims to accelerate resource definition. Ongoing EM survey interpretations are expected to identify multiple conductive targets for exploration along several kilometers of strike on the mineralized structures.
Power Nickel (PNPN) and Chilean Metals have completed their strategic business reorganization through a spin-out of the Golden Ivan Property and certain Chilean assets. The arrangement, effective February 3, 2025, provides Power Nickel shareholders of record as of January 31, 2025, with one new Power Nickel share and 0.05 Chilean Metals shares for each share held.
The shareholders now own approximately 50% of Chilean Metals shares, with Power Nickel holding the remaining balance. The reorganization aims to create two specialized companies: Power Nickel focusing on the Nisk project, and Chilean Metals developing the Golden Ivan property in British Columbia and various Chilean projects. Power Nickel shares continue trading on TSXV, OTC, and Frankfurt exchanges, while Chilean Metals will operate as an unlisted reporting issuer in British Columbia and Alberta.
Power Nickel (TSXV: PNPN) (OTCBB: PNPNF) has announced that its planned spin-out arrangement will become effective on February 3, 2025. Under the arrangement, shareholders of record as of January 31, 2025, will receive one new Power Nickel share and 0.05 Spinco shares for each current share held.
The spin-out will separate the company's assets into two distinct entities: Power Nickel will focus on the Nisk project, while Spinco (Chilean Metals Inc.) will manage the Golden Ivan property in British Columbia and various Chilean assets. The Golden Ivan property consists of 13 mineral claims covering 797 hectares. Power Nickel will maintain its royalty interest in the Chilean Copaquire project.
While Power Nickel shares will continue trading on the TSXV, OTC Market, and Frankfurt Stock Exchange, Spinco shares will not be listed on any exchange but will be a reporting issuer in British Columbia and Alberta.
Power Nickel (TSXV: PNPN) has launched its 2025 winter drill campaign at the Nisk project, following successful 2024 drilling results that revealed high-grade copper and precious metal discoveries in the Lion zone. Notable intersections include:
- 14.40m of 8.15% Cu, 6.23 g/t Pd, 8.40 g/t Pt (PN-24-047)
- 32.00m of 3.62% Cu, 8.10 g/t Pd, 2.47 g/t Pt (PN-24-070)
The company plans to operate 3 drills by mid-February, targeting the Lion deposit extensions and exploring 5.5 km of previously undrilled strike between Nisk and Lion. A new discovery has been made 700m east of Lion, intersecting massive sulphides with strong nickel indications. The company has retained a geophysicist to review borehole and ground EM surveys from 2024 to identify new drill targets.
Power Nickel (TSXV: PNPN, OTCBB: PNPNF) has announced results from three holes of their fall drilling campaign at the Lion zone. The highlight includes Hole PN-24-079 which intersected 6.26% CuEq over 10.25 metres within a broader zone of 4.29% CuEq over 20.05 metres.
The company has begun its Winter 2025 drill campaign, planning to complete 15,000 meters of drilling by April 2025. They will deploy three drills by mid-February to accelerate the program. The current results validate the expected strike, dip, and plunge extensions of the Lion deposit model.
Ongoing expert interpretations of the 2024 EM ground and borehole surveys are expected to identify multiple conductive targets for exploration expansion. The company has 14 more holes from the autumn drilling program pending results.
Power Nickel (TSXV: PNPN) (OTCBB: PNPNF) has announced the appointment of Joe Campbell, BSc, P. Geo as Vice President of Exploration, replacing Ken Williamson who is returning to geology consulting. Campbell brings over 40 years of industry experience, including roles as Chief Geologist and Project Manager at major mining operations.
Campbell's extensive background includes leadership positions at Gold Terra and Western Mining's Canadian division, with expertise in various mineral deposits including nickel sulphide, gold, and copper. The appointment aligns with Power Nickel's plans to scale up exploration efforts in 2025 at their Nisk project, which spans 20 kilometers of strike length and focuses on high-grade nickel-copper PGM, gold, and silver mineralization.
Power Nickel Inc. has announced details of its planned spin-out arrangement, approved at the November 22, 2024 AGSM. The arrangement, expected to be effective around January 31, 2025, will involve shareholders receiving one new Power Nickel share and 0.05 Spinco share for each existing share held.
The company provided detailed guidance for both registered and non-registered shareholders regarding the exchange procedure. Registered shareholders holding certificated shares must submit a Letter of Transmittal, while those with uncertificated shares will receive automatic distribution.
Management expressed concerns about improper trading activities, presenting data suggesting potential naked short selling. According to their analysis, approximately 29.5% of trading on the TSXV appears to be naked shorts. The company believes this trading pattern is suppressing stock price despite positive drilling results and notable investors like Robert Friedland and Rob McEwen backing the project.
Power Nickel Inc (TSXV: PNPN) announced results from their fall drilling campaign at the Lion Zone. Hole PN-24-078 delivered significant polymetallic mineralization over 29.40 meters, including grades of 0.53 g/t Au, 11.95 g/t Ag, 1.15% Cu, 1.08 g/t Pd, 0.36 g/t Pt, and 0.06% Ni. Notable high-grade sections included 2.90 meters with 3.16 g/t Au, 21.62 g/t Ag, 5.84% Cu, and 4.72 g/t Pd. The Lion Zone shows two distinct mineralized sub-zones, with the upper zone being PGE-rich and the lower zone copper-dominant. The zone remains open at depth, with recent holes being the deepest intersections to date.
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