Power Nickel is pleased to announce that it has been recognized as one of the 2024 top 50 performers on the TSXV, with an outstanding 365% share price appreciation in 2024. The Company was ranked the top mining company and fourth overall. The 50 companies on the list delivered an average share price appreciation of 207% to investors in 2024, up from 121% in 2023 and 73% in 2022. In addition, the group holds a combined [...]
Power Nickel is pleased to announce that it has received approval from the TSX Venture Exchange to change the Company's name to "Power Metallic Mines Inc." The Name Change will take effect at the start of trading on February 21, 2025, and the Company's common shares will trade under the new CUSIP/ISIN numbers 73929R105/CA73929R1055 and will continue to trade under the symbol "PNPN". No transmittal process is required for [...]
Power Nickel is pleased to announce that due to significant demand, it has decided to upsize its previously announced "best efforts" private placement offering by up to C$10 million, bringing the aggregate total proceeds of the Offering up to C$50 million. The Offering consists of the previously announced C$40 million of Quebec flow-through shares and, up to C$10 million of non-flow through common shares. The price of the [...]
Power Nickel Inc. has announced today the pricing of its previously announced "best efforts" private placement offering for a total of 14,135,000 Quebec flow-through shares , at a price of C$2.83 for each FT Share, for the aggregate proceeds of approximately C$40 million. BMO Capital Markets and Hannam & Partners are acting as the joint bookrunners for the Offering, together with a syndicate of agents . Terry Lynch, CEO [...]
Power Nickel Inc. has announced today that it has entered into an agreement with BMO Capital Markets and Hannam & Partners to act as joint bookrunners in connection with a "best efforts" private placement offering by the Company of securities for aggregate proceeds of up to C$45 million, consisting of up to C$37 million of Quebec flow-through shares and, up to C$8 million of hard dollar shares . The price of the Offered [...]
Power Nickel Inc. is pleased to announce the return of the 5 holes of the fall campaign. These holes were testing multiple targets in the Lion zone area. Hole PN-24-095a tested the interpreted plunge of the Lion zone below previous drill holes. Power Nickel previously released photos of mineralized core from hole PN-24-095a , and assays have now confirmed that extension of the high-grade zone . Drill holes PN-24-082 to [...]
Power Nickel Inc. and Chilean Metals Inc. are pleased to announce that they have completed the previously announced strategic reorganization of their business pursuant to which the Golden Ivan Property and certain Chilean assets and liabilities have been spun out to Power Nickel shareholders through Chilean Metals. Terry Lynch, Chief Executive Officer of Power Nickel and a Director of Chilean Metals, commented: "Wow that [...]
Power Nickel Inc. is pleased to announce that, further to the Company's press releases dated December 5, 2024 and January 16, 2025, the previously announced plan of arrangement , whereby Power Nickel will spinout the Golden Ivan Property and certain Chilean assets and liabilities to Chilean Metals Inc. , is expected to become effective at 12:01 a.m. PST on February 3, 2025 . Assuming the Arrangement becomes effective on [...]
Power Nickel Inc. is pleased to announce the beginning of the 2025 winter drill campaign on the Nisk project with hole PN-24-96 . This hole will be testing the depth extension along the trend of the Lion zone, following up on successful drilling of high-grade Cu and precious metal discovered in 2024 drill holes . PN-24-047 contains 14.40m of 8.15% Cu; 6.23 g/t Pd; 8.40 g/t Pt; 68.9 g/t Ag; 0.59 g/t Au; and 0.58% Ni [...]
Power Nickel Inc. is pleased to announce the return of the 3 holes of the fall campaign. These holes were testing the depth and western extensions of the Lion zone. Hole PN-24-079 tested the interpreted plunge of the Lion zone below Hole PN-24-078 , and intersected the main high grade zone. Hole PN-24-080, drilled approximately 75 meters further west from hole PN-24-79, intersecting the mineralized horizon above the [...]
Power Nickel Inc. is pleased to announce the appointment of Industry veteran Joe Campbell, BSc, P. Geo as Vice President of Exploration. Ken Williamson has decided to return to geology consulting after successfully designing the maiden Lion zone drill program and shepherding the discovery forward in 2024. Power Nickel thanks Ken for his service and wishes him the very best in the future. Mr Campbell has over 40 years of [...]
Dear Shareholders: As you know, the shareholders of Power Nickel Inc. held their Annual General and Special Meeting on November 22, 2024 . During the AGSM, the shareholders approved a special resolution for a plan of arrangement whereby the Company will spin-out its Golden Ivan property and certain Chilean exploration assets to Chilean Metals Inc. , a wholly owned subsidiary of the Company . On November 27, 2024, the [...]
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