Power Nickel is pleased to announce it has closed the previously announced private placement of non-flow-through units at a price of $0.25 per Unit. In connection with closing the Offering, the Company issued an aggregate of 2,820,000 Units for gross proceeds of $705,000. Each Unit is comprised of one common share of the Company and one-half of one share purchase warrant. Each Warrant is exercisable to acquire one common [...]
Power Nickel is pleased to announce it has closed the first tranche of the private placement previously announced on Oct 16, 2023 for 4,000,000 flow-through units of the Company, at a price of $0.50 per FT Unit, 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 close the previously announced Private Placement. This [...]
Power Nickel is pleased to announce a proposed private placement of $2.75 million in new equity capital to pursue exploration expansion at Nisk the Companies flagship Nickel PGM project. The Company proposes the sale of 4,000,000 Flow-Through units of the Company, at a price of $0.50 per FT Unit, for gross proceeds of $2,000,000 and a additional up to 3,000,000 non-flow-through units at a price of $0.25 per NFT Unit for [...]
Power Nickel Inc. is please to announce that the step out hole testing the Nisk Main Deposit 300 metres to the south and east of previous drilling has encountered at a downhole depth of 457 metres about 25 metres of massive and semi-massive sulfides. Figure 1: 2023 Fall Drilling Program, Nisk Main Zone Longitudinal Section. The hole, Number 1 in Figure 1 above, is testing at depth an area to the east of two of the best [...]
Power Nickel Inc. is pleased to report that it has commenced its fall drilling program with the drilling of the deep target hole PN-23-036, identified as #1 in Figure 1. Figure 1: 2023 Fall Drilling Program, Nisk Main Zone Longitudinal Section. Proposed hole number also refers to the anticipated drilling sequence. The hole is testing at depth an area to the east of two of the best holes, PN-22-009 and PN-23-035 as noted [...]
Power Nickel Inc. Power Nickel is pleased to enter into an agreement with CVMR Corporation, one of the world's leaders in Nickel Powder, Wire and Anode production and a key supplier to the Battery, Defence and Aerospace industry. CVMR will coordinate the production of advanced bench scale, piloting and engineering studies on the Nisk Nickel Sulfide project near Nemaska Quebec to determine project feasibility. The [...]
Power Nickel Inc. is pleased to announce a proposed private placement of up to 4,500,000 flow-through shares of the Company, for $0.50 per FT Share, for aggregate gross proceeds of up to CAD 2,250,000. Each FT Share will be composed of one common share of the Company that qualifies as a "flow-through share" for purposes of the Income Tax Act . All securities issued under the Private Placement will be subject to a [...]
Power Nickel Inc. is pleased to announce it has exercised its option to acquire 50% of the Nisk project . Nisk is a High-Grade Nickel PGM Project near Nemaska, Quebec. In addition, the Company has notified our partner Critical Elements Lithium Corp. that it intends to exercise its second option to acquire an additional 30% interest to bring ownership in the project to 80%. The last remaining obligation in respect of the [...]
Power Nickel Inc. is pleased to announce it has completed its review of the Company's assets and has formalized the following plan to optimize its non-core assets while maintaining its focus on the exploration and development of Nisk, the Company's High Grade Nickel PGM Project near Nemaska, Quebec. Step 1 - The Company will transfer the beneficial interest in its Golden Ivan property to Consolidated Gold and Copper Inc [...]
Highlights 0.60% Ni, 0.39% Cu, 0.50 g/t Pd, and 0.11 g/t Pt over 31.86m in PN-23-035, including 1.18 % Ni, 0.8 % Cu, 1.14 g/t Pd, and 0.28 g/t Pt over 8.82m 0.71% Ni, 0.37% Cu, and 0.85 g/t Pd over 10.05m in PN-23-033, including 1.25 % Ni, 0.36 % Cu, 1.41 g/t Pd, and 0.12 g/t Pt over 2.95m 0.49% Ni, 0.13% Cu, and 0.46 g/t Pd over 8.08m in PN-23-034A, including Power Nickel Inc. , , is pleased to announce the latest [...]
Highlights 1.01% Ni, 0.27% Cu, 0.07% Co, 0.88 g/t Palladium, 0.13 g/t Platinum, 0.03 g/t Gold over 14.4m in Hole PN-23-028, including 1.69% Ni, 0.37% Cu, 0.12% Co, 1.59 g/t Palladium, 0.22 g/t Platinum, 0.04 g/t Gold over 7.8m Power Nickel Inc. is pleased to announce the latest results from drill holes PN-23-025, 027 and 028. These three holes successfully expanded the high-grade intersection in drill hole PN-22-009 by 75 [...]
1 Oz/Tonne Combined Platinum and Palladium over 7.75 Metres New Discovery 1.47% Cu, 13.1 g/t Ag, 0.28 g/t Au, 5.71 g/t Palladium, 20.76 g/t Platinum over 7.75m in Hole PN-23-031A, including 3.90% Cu, 25 g/t Ag, 0.52g/t Au, 19.97g/t Palladium, 90.60g/t Platinum over 1.75m. Power Nickel Inc. is pleased to announce the discovery of a new high-grade Cu-PGE mineralized zone approximately 5km northeast of the main Nisk deposit [...]
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