Welcome to our dedicated page for POWER NICKEL news (Ticker: PNPNF), a resource for investors and traders seeking the latest updates and insights on POWER NICKEL stock.
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 (PNPN, PNPNF) announced significant drilling results from its Lion Zone discovery, highlighting the largest intersection to date of 39.6 metres with 4.19% CuEq. Hole PN-24-071 returned impressive grades including 0.38 g/t Au, 19.57 g/t Ag, 2.62% Cu, 3.37 g/t Pd, 0.80 g/t Pt, and 0.13% Ni. The company is currently executing a 30,000 metre fully funded fall and winter program. Drilling was temporarily paused for local indigenous hunting season and has now resumed with two drills on site targeting Lion Zone expansions.
Power Nickel has announced an arrangement agreement to spin out its Golden Ivan property and certain Chilean exploration assets to shareholders via Chilean Metals. This strategic reorganization will create two specialized companies: Power Nickel focusing on the Nisk project, while Spinco will manage the Golden Ivan property and Chilean assets. The Golden Ivan property, located in Terrace, British Columbia, covers 797 hectares and includes 13 mineral claims. Spinco will also acquire interests in five Chilean projects: Zulema, Tierra de Oro, Palo Negro, Hornitos, and Tabaco. Power Nickel will retain a royalty interest in the Chilean Copaquire project.
Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) has announced significant results from its summer 2024 drilling campaign at the Lion Zone discovery. Highlights include:
- Hole PN-24-070: 32.00 m of 0.45 g/t Au, 20.93 g/t Ag, 3.62% Cu, 8.10 g/t Pd, 2.47 g/t Pt and 0.18% Ni
- Hole PN-24-069: 17.00 m of 0.28 g/t Au, 9.52 g/t Ag, 0.93% Cu, 7.19 g/t Pd, 1.66 g/t Pt and 0.05% Ni
The results suggest that the Lion discovery is larger than initially thought, with mineralization found at shallower depths and extending westward. The company plans a 30,000-metre fully funded fall and winter drill program starting October 15th, utilizing data from downhole EM, Gravity, Geo Chemical, and Ambient Noise Tomography passive seismic sources for targeting.
Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) has announced assay results from the first five holes of its summer 2024 drilling campaign at the polymetallic Lion Zone discovery. Highlights include:
- PN-24-063: 5.00 m of 5.93% CuEq, including 3.00 m of 7.10% Cu
- PN-24-066: 12.05 m of 2.97% CuEq, including 3.00 m of 1.95% Cu
- PN-24-067: 12.15 m of 2.36% CuEq, including 2.35 m of 7.41% Cu
The results were obtained from targets outside the main Lion Zone in the Halo area. The company has since retargeted drills at a lower pitch further west, finding the main Lion Zone again. Assays on these new holes are pending. The company expects to report on the remaining holes in October.
Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) reports successful expansion of the Lion Zone polymetallic discovery at its Nisk project. Key highlights:
- 10 out of 12 summer drill holes intercepted sulphides mineralization
- Lion Zone expanded westward and 150m deeper vertically
- Footprint now reaches 350m laterally and 450m vertically
- Massive chalcopyrite zone thickness ranges from 5-10m in core to <1m laterally
- Shallower westward plunge discovered, potentially reducing future costs
- Ground-based geophysics underway with new targets expected mid-October
- Fully funded 30,000m winter drill program planned
CEO Terry Lynch states the Lion Zone is developing into a 'world-class polymetallic discovery'. Assay results from promising holes expected late September.
Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) announced its participation in the Red Cloud webinar series on September 4, 2024. CEO Terry Lynch will discuss recent drilling results from the Nisk Project and plans for the rest of the year. The company also unveiled several marketing initiatives to increase investor awareness:
1. Retained Capital 10X for video production ($7,500/month for 12 months)
2. Engaged The Market Mindset Investment Media for content creation ($50,000 for 6 months)
3. Hired Empire Market Ventures for investor awareness ($150,000 USD)
4. Engaged Resource Stock Digest for interviews and news distribution ($40,000 USD)
These efforts aim to showcase Power Nickel's developing story and the Nisk Polymetallic Project to the investor community.
Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) has announced high-grade multi-element assay results from its 2024 winter drill program at the Lion Zone. Highlights include:
- PN-24-060: 10.39 m of 2.12% Cu, 2.08 g/t Pd, 0.4 g/t Pt, 0.14% Ni
- PN-24-050: 5.45 m of 0.61% Cu, 1.32 g/t Pd, 0.52 g/t Pt, 0.11% Ni
The Lion Zone mineralization has expanded by over 90%, now measuring approximately 300 meters deep by 225 meters wide. The company continues its summer drilling program, focusing on depth and lateral continuity to the west of the known mineralization. Assay results from promising holes are expected in late September.
Power Nickel Inc. (PNPNF) has provided an update on its exploration program at the Nisk Property in Quebec. The company is conducting downhole and ground-based geophysical surveys to identify new prospective areas and potential continuity between Nisk Main and the Lion Zone. The exploration strategy includes:
1. Downhole EM surveys from 'Platform Holes' to identify high-grade sulphides mineralization
2. Ground-based geophysics, including gravity and EM surveys
3. Integration of new datasets into a 3D model
The company has deployed a second drill at Nisk Main and plans to drill at least three platform holes. Ground-based EM and gravity surveys are ongoing at the Lion Zone and across the property. Power Nickel aims to define the relationship between Nisk Main and Lion Zone mineralogy to improve targeting for new discoveries.
Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) has appointed Dr. Steve Beresford to its board of directors. Dr. Beresford, an internationally recognized geoscientist, brings extensive experience as former Chief Geologist at major mining companies and expertise in magmatic Nickel-Copper-PGE deposits. His appointment strengthens Power Nickel's technical capabilities for exploring the Nisk project.
The company has also granted 4,300,000 incentive stock options to directors and consultants at an exercise price of $0.66 per common share, with terms ranging from two to five years. Power Nickel will host a podcast on August 6th to discuss ongoing exploration at Nisk with Dr. Beresford and the company team.
Power Nickel announced the closure of its over-subscribed $20 Million Flow-Through Offering, raising $20,062,497.50. The offering saw participation from prominent mining investors Robert Friedland, Rob McEwen, CVMR, and Terra Capital. A total of 16,049,998 flow-through units were issued at $1.25 per unit, each consisting of one flow-through common share and half of a share purchase warrant, exercisable at $1.25 per share for three years. The funds will be utilized for exploration activities on Power Nickel's Nisk property in Quebec. The offering awaits final TSX Venture Exchange approval and includes a hold period of four months plus one day from issuance. The company paid $387,239.64 in commissions and advisory fees and issued 265,027 finder warrants.
FAQ
What is the current stock price of POWER NICKEL (PNPNF)?
What is the market cap of POWER NICKEL (PNPNF)?
What is the primary focus of Power Nickel Inc.?
Where is the flagship nickel project NISK located?
What recent achievements has Power Nickel Inc. accomplished?
How is Power Nickel Inc. offsetting its carbon footprint?
What sets Power Nickel Inc. apart in the mining industry?
