Power Metallic Mines Inc.

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 [...]

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 [...]