Power Metallic Mines Inc.

Power Nickel Inc. announces that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure. The Company is clarifying its April 15, 2024 news release . The Release contained a Table 1 that used the Company's assays to produce Metal Equivalent grades in Gold, Copper, Palladium and Platinum without considering recoveries or other factors, that [...]

VANCOUVER, BC, April 22, 2024 /CNW/ - The following issues have been halted by CIRO Company: Power Nickel Inc. TSX-Venture Symbol: PNPN All Issues: Yes Reason: Pending News Halt Time : 7:37 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization [...]

Power Nickel Inc. CEO Terry Lynch joined Proactive to share the exciting news of the initial assay results for hole PN-24-044, a pivotal component of the company's ongoing drill program at the Lion Discovery site. The outcomes have been overwhelmingly positive, with 15 out of 16 holes yielding promising results.
Among the highlights, PN-24-044 revealed an impressive intersection, boasting 0.60 meters of 24.3 grams of [...]

Power Nickel is pleased to announce assay results for hole PN-24-044. Highlights: 0.60 m of 24.3 g gold, 5.7 g silver, 5.29% copper, 3.26 g palladium, 0.29g platinum , and 3.31% nickel including: 2.4 m of 0.60 g Au, 103.62 g Ag, 12.12% Cu, 13.27 g PD, 2.52g Pt and 0.22% Ni 6.55 m of 2.59 g Au, 40.27 g Ag, 5.33% Cu, 6.35 g PD, 1.5g Pt and 0.43% Ni 15.75 m of 1.6 g Au, 25.34 g Ag, 2.52% Cu, 2.73 g PD, 0.65g Pt and 0.19% Ni [...]

Power Nickel is pleased to announce that it has closed its previously announced private placement of common shares at $0.20 per common share. The Company has issued 11,889,875 Common Shares for gross proceeds of $2,377,975. The private placement is subject to final approval of the TSXV. In connection with the private placement, the Company agreed to pay finder's fees to two registered dealer firms in the amount of $75,064 [...]

Power Nickel is pleased to announce that it plans to complete a Private Placement for up to 10 Million common shares of the Company, at a price of $0.20 per share, for gross proceeds of CAD $2,000,000. The Company has received conditional TSX Venture Exchange approval for the Private Placement. "We are pleased to announce we have secured commitments to close this financing and that closing is expected to take place next [...]

Power Nickel is pleased to announce that the drill program aiming at following up on the Wildcat high-grade PGM intersection has intersected the anticipated mineralized zone with five additional holes. If confirmed by assay results, the current mineralized envelope is interpreted to extend to a minimum of 300 m below surface, and to a minimum of 200 m laterally, and remains open in all directions. As previously stated [...]

Discovery Hole had over One Oz/Tonne Combined Platinum and Palladium over 7.75 Metres Power Nickel Inc. is pleased to announce that hole PN-24-047 of the drill program aiming at following up on the Wildcat high-grade PGM intersection has intersected the anticipated mineralized zone some 40 meters to East of the discovery hole. Along with PN-24-044 , this makes it the third intersection similar to the discovery hole [...]

Power Nickel is pleased to announce that the first hole of a drill program following up on the Wildcat high grade PGM intersection, appears to have encountered a mineralized zone similar to the previously announced May 10th 2023. The initial Hole PN-23-031A intersected multiple chalcopyrite stringers and veinlets, almost continuously in the first sixty metres of the drill hole. The thickness and density of these stringers [...]

Power Nickel is pleased to announce the results of its fall drilling campaign at Nisk, the high-grade Nickel Sulfide PGM project. Hole PN-23-036 was previously announced in Nov 2023 and the Company is announcing the remaining six holes PN-23-37 to PN-23-42. As reported in Table 1 below, four of these six holes successfully impact the resource at Nisk, with hole PN-23-40 and PN-23-42 carrying some attractive high-grade [...]