POWER NICKEL INC - PNPNF STOCK NEWS

Power Nickel has launched its 2024 summer drill program, targeting 8,000 meters of drilling at the Lion Zone within its Nisk Property in Nemaska, Quebec. The program aims to explore additional mineralized zones rich in Copper, Platinum, Palladium, Gold, Silver, and Nickel. Following recent successful results, the initial focus will be on deeper and lateral extensions of the Lion Zone. Two untested EM anomalies have also been identified to the east of Lion Zone. Expansion efforts will also cover the Nisk Main zone, with intentions to explore beneath high-grade shoots and further east. Renowned polymetallic explorer Steve Beresford has joined as a special advisor to guide and accelerate exploration.

Power Nickel released high-grade multi-element assay results from its Lion Zone exploration, with notable findings from hole PN-24-059 showing 1.91 g/t Gold, 73.48 g/t Silver, 9.88% Copper, 6.23 g/t Palladium, 4.56 g/t Platinum, and 0.49% Nickel over 5.59 meters.

Other significant results include hole PN-24-058 with 8.27 meters of 0.64% Copper and 3.43 g/t Palladium, and hole PN-24-057 with 5.20 meters of 2.57% Copper and 5.72 g/t Palladium.

The company plans to continue drilling in the Lion Zone during the summer season. Assays from 15 successful holes support ongoing progress and potential expansion of the near-surface high-grade zone, situated 5km northeast of the Nisk Deposit.

GeoVector Management is overseeing the drilling program, with samples analyzed by the independent lab, Activation Laboratories.

Power Nickel announced a partnership with Karbon-X to offset the carbon footprint of their 30,000 meters drilling program, reinforcing their commitment to environmental sustainability. The discovery of the Lion Zone has accelerated their drilling activities, revealing potential polymetallic deposits including nickel, copper, platinum, palladium, gold, and silver. Power Nickel aims to establish Canada's first carbon-neutral nickel mine at their Nisk Project in Quebec. Additionally, the company has engaged Apaton Finance GmbH for investor relations, aiming to increase visibility in the investment community, particularly in German-speaking regions. The engagement is for six months, with a compensation of EUR125,000.

Power Nickel announced high-grade assay results for hole PN-24-055, featuring 50.53 feet of 0.44 g/t Au, 22.04 g/t Ag, 5.06% Cu, 13.12 g/t Pd, 3.35 g/t Pt, and 0.015% Ni. The results include a 16.57-foot segment of higher-grade mineralization and a 10.99-foot segment of even higher grades. The company’s winter 2024 drill program concluded with 15 successful holes at the Lion Discovery Zone, showing potential for further expansion. The core zone features chalcopyrite, extending 725 feet laterally and 1,000 feet deep, with true widths up to 20 feet. The summer drill program will focus on deeper intersections. Assays were completed by Actlabs, ensuring QAQC through rigorous standards.

Power Nickel Inc. announces high-grade multi-elements assay results for holes PN-24-048, PN-24-052, and PN-24-053, showing significant copper, platinum, palladium, gold, and silver mineralization. The company continues to expand its high-grade polymetallic Lion Zone near the Nisk Deposit, with promising drilling results and ongoing exploration plans. The winter 2024 drill program concluded successfully, supporting the continuous progress on the discovery. The company will continue drilling in the upcoming summer season to follow up on the deepest mineralized intersections to date.

Power Nickel Inc. announces high-grade multi-elements assay results for holes PN-24-048, PN-24-052, and PN-24-053, revealing promising high-grade Copper, Platinum, Palladium, Gold, and Silver deposits. The Lion Zone discovery continues to expand near its Main Nisk Deposit, with visible high-grade core surrounded by well-mineralized edges. The company's winter 2024 drill program concluded with 15 successful holes, affirming ongoing progress in the discovery. Power Nickel plans to continue drilling in the upcoming summer season, targeting the Lion Discovery.

Power Nickel Inc. has appointed renowned geoscientist Dr. Steve Beresford as a Special Advisor, bringing extensive expertise in Nickel-Copper-PGE deposits. Dr. Beresford's background includes key roles at major mining companies and academia. His involvement aims to enhance the exploration program and development of NISK project, potentially transforming it into a polymetallic deposit. The Company also plans a Private Placement financing to further fund exploration activities.

Power Nickel Inc. has successfully acquired an additional 30% of the Nisk Project, bringing its ownership to 80%. The company has reported high-grade multi-elements assay results, showcasing impressive mineral discoveries. Power Nickel plans to continue exploration efforts and drilling at the Lion Discovery, with promising results and ongoing progress. The CEO expressed optimism about the project's potential and future production decisions, emphasizing the significant mineralization findings. The company's Winter 2024 drill program ended successfully, with notable intersections and positive assay results. Power Nickel remains committed to funding expenditures at Nisk until a Bankable Feasibility Study is presented, indicating a strong commitment to the project's development.

Power Nickel Inc. announces high-grade multi-elements assay results for holes PN-24-047 and PN-24-051, showcasing significant mineralization of copper, PGMs, gold, and silver at the Lion Discovery. The Winter 2024 drill program concluded successfully, with plans to continue exploration in the upcoming summer season. The company's VP of Exploration highlights the potential for further mineralization in the surrounding area, indicating ongoing progress and success in defining high-grade mineralized zones.