Power Metallic Mines is pleased to announce the appointment of Seamus O'Regan to its board. Seamus O'Regan Jr joined Stewart McKelvey, Atlantic Canada's largest law firm, in March of 2025 as Senior Business Advisor following a distinguished career in politics and journalism. He was first elected Member of Parliament for St. John's South-Mount Pearl in 2015, and re-elected in 2019 and 2021. He served as Canada's Minister [...]
Power Metallic Mines is pleased to provide an update on preliminary mineralogy scans preformed by IOS Geosciences based in Chicoutimi. Detailed microscopic scans are being performed on selected mineralized samples from the Lion zone to understand the characteristics of the mineralogy. This will help inform future metallurgical recovery studies on the Lion Zone. Approximately half of the suite of over 100 samples selected [...]
Power Metallic Mines is pleased to announce it has closed on the definitive agreement dated June 9, 2025 to acquire a 100% interest in 313 mineral claims totalling 167 km² from Li-FT Power Ltd. The claims adjoin the Company's 45.86km² Nisk property, where exploration is expanding the high-grade Lion Cu-PGE discovery and the Nisk Cu-Ni-PGE-Co deposit. Power Metallic currently holds ~212.86 km² of land in the Nisk camp [...]
Power Metallic Mines is pleased to provide an update on the current exploration activity and the planned scaling up of exploration programs in Q3-Q4 of 2025. THE BIG PICTURE Exploration is well underway for the summer to fall drilling campaign. The majority of the logging and core cutting facility upgrade has been completed allowing for faster expansion of the exploration drill program. Mobilization of project team [...]
Power Metallic Mines is proud to announce that it has been awarded the exploration license for the Jabal Baudan project in Saudi Arabia's Jabal Sayid Mineralized Belt. This historic milestone positions Power Metallic as one of the few foreign companies with mining concessions in the Kingdom of Saudi Arabia, having secured a successful bid in this prestigious licensing process. Strategic Acquisition in a High-Potential [...]
Power Metallic Mines Inc. is pleased to announce it has executed a definitive agreement dated June 9, 2025 to acquire a 100 % interest in 313 mineral claims totalling 167 km² from Li-FT Power Ltd. . The claims adjoin the Company's 45.86 km² Nisk property, where exploration is expanding the high-grade Lion Cu-PGE discovery and the Nisk Ni-Cu-Co deposit. On closing, Power Metallic's land position will grow more than 300% to [...]
3.10 g/t Au, 25.52 g/t Ag, 4.09% Cu, 12.06 g/t Pd, 2.00 g/t Pt - Cu EqRec1 10.99% over 12.54 m in PML-25-012a 1.32 g/t Ag, 0.60% Cu, 0.24g/t Pd, and 0.26 Ni - Cu EqRec1 1.22% over 11.25 m in PMN-25-004 Power Metallic Mines Inc. is pleased to announce the return of the final 11 holes from the winter 2025 drilling campaign focused on the Lion Zone and Nisk East . The nine holes at lion were testing multiple areas of the [...]
13.54 g/t Au, 236.6 g/t Ag, 1.08% Cu, 0.21g/t Pd - Cu EqRec1 12.64% over 1.95 m in PN-25-096 0.19 g/t Au, 50.68 g/t Ag, 7.78% Cu, 0.38g/t Pd, 1.09 g/t Pt and 0.20 Ni - Cu EqRec1 7.97% over 1.95 m in PN-25-002 Power Metallic Mines Inc. is pleased to announce the return of 5 holes from the winter 2025 drilling campaign focused on the Lion Zone. The five holes were testing the down plunge extent of the Lion Zone, and a large [...]
Power Metallic Mines Inc. is pleased to announce the return of 4 holes from the winter 2025 drilling campaign focused on the Tiger Zone. The four holes were testing off-hole EM anomalies generated from previously reported drill holes PN-24-090 and 094 . All holes hit Lion style polymetallic mineralization at shallow vertical depths from 50-100 meters below surface . Power Metallic has been exploring multiple zones during [...]
Power Metallic Mines Inc. is pleased to announce the return of 6 holes from the fall 2024 drilling campaign. Four holes were testing multiple target areas in the Lion zone , and two holes tested the Tiger target . Lion Zone Hole PN-24-092 and PN-024-093 tested the eastern edge of the interpreted plunge of the Lion zone, with PN-24-093 providing the deepest assayed intersection to date. Both holes confirmed the location of [...]
Power Metallic Inc. is pleased to provide an update on the current exploration activity , and the planned scaling up of exploration programs beginning in Q2 of 2025. THE BIG PICTURE With the recent equity raise, the Company's exploration budget through the end of 2026 is more than C$40 million based on flow through proceeds raised. With this expenditure the Company is targeting approximately 100,000 metres of drilling and [...]
Power Metallic Mines Inc. is pleased to announce that it has closed its previously announced "best efforts" private placement offering for aggregate gross proceeds of C$49,999,800. Under the Offering the Company issued 14,135,000 flow-through shares at a price of C$2.83 per FT Share, for gross proceeds of C$40,002,050, and 6,895,000 non-flow-through common shares at a price of C$1.45 per HD Share, for gross proceeds of [...]
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