Power Nickel Inc.
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- Power Nickel Inc. (TSXV:PNPN; OTCBB:PNPNF) operates as a Canadian junior exploration company focused on advancing high-grade polymetallic mineral deposits, primarily through exploration and drilling programs targeting nickel, copper, platinum group metals (PGMs), cobalt, gold, silver, and associated battery metals; its flagship Nisk project near Nemaska, Quebec, encompasses an expansive land package of approximately 212.86 square kilometers along 20 kilometers of strike length in the James Bay region, featuring the Nisk Main nickel-copper-cobalt-PGM deposit with indicated resources of 2.6 million tonnes grading 1.20% nickel equivalent and inferred resources of 1.4 million tonnes grading 1.29% nickel equivalent, alongside the high-grade Lion Zone discovery characterized by copper-dominant polymetallic intercepts such as 5.35 meters of 11.97% copper equivalent and 22.66 meters of 4.57% copper equivalent, the emerging Tiger Zone with initial copper mineralization, and ongoing expansion drilling at Nisk East. The company conducts systematic drill campaigns, geophysical surveys including borehole electromagnetic surveys, metallurgical testing with SGS Canada Inc., and mineralogy studies via IOS Geosciences to delineate and expand these zones, while leveraging nearby infrastructure such as Hydro-Québec hydropower, highways, and an airport to support potential development of a carbon-neutral operation; it retains a 3% net smelter return royalty on the Chilean Copaquire copper project previously owned by Teck Resources. Founded in 2010 as Chilean Metals Exploration and renamed Power Nickel Inc. in 2021 to reflect its nickel focus before announcing a further name change to Power Metallic Mines Inc. effective February 21, 2025 to better capture its polymetallic discoveries, the company is headquartered at 82 Richmond Street East, Suite 202, Toronto, Ontario. Recent developments include closing a C$50 million private placement in February 2025 led by BMO Capital Markets and Hannam & Partners comprising flow-through and hard dollar shares, completing a spin-out of non-core assets including the Golden Ivan gold property in British Columbia and select Chilean projects (Zulema, Tierra de Oro, Palo Negro, Hornitos, Tabaco) to Chilean Metals Inc. in February 2025, acquiring 167 square kilometers from Li-FT Power Ltd. in June-July 2025 expanding the Nisk camp by over 300% to control seven of eight primary targets, securing a Jabal Baudan exploration license in Saudi Arabia's Jabal Sayid belt in June 2025, appointing Seamus O'Regan (former Canadian federal minister) and Joe Campbell (VP Exploration) to its board and management in 2025, achieving TSX Venture 50 top performer status for 2024 with 365% share price appreciation, and advancing 2025 drill programs with up to six rigs yielding exceptional Lion Zone expansions such as 12.54 meters of 10.99% copper equivalent alongside ongoing summer-fall assays and property-wide geophysical targeting.
Power Nickel and Chilean Metals Announce Completion of Spin-Out
Power Nickel finalizes spinout of Golden Ivan project and Chilean assets
Power Nickel Provides Update on Spin-Out of Golden Ivan Property and Chilean Assets
Letter to the Shareholders of Power Nickel Inc.
Power Nickel wins shareholder and court approval for spin out of certain assets
Power Nickel Announces Shareholder Approval and Court Approval of Spin-Out of Golden Ivan Property and Chilean Assets
Power Nickel welcomes strategic advisor amid Nisk project expansion
Power Nickel Engages Jon Christian Evensen as Strategic Advisor
Power Nickel Announces Execution of Arrangement Agreement for Spin-Out of Golden Ivan Property and Chilean Assets
Power Nickel welcomes geologist to board
Power Nickel begins 8,000 metre drilling program at Nisk
Power Nickel partners with Karbon-X to offset drill program's carbon footprint
Power Nickel to raise $2.75M for further exploration at Nisk project in Quebec
Power Nickel hits 25 metres of massive and semi-massive sulfides in first hole of fall program at Nisk project
Power Nickel hits 25 metres of Massive and Semi Massive Sulfides on 300 metre Step Out in First Hole of Fall Program
Power Nickel commences Fall drill Programm at Nisk project with deep target hole
Power Nickel says investment will fund feasibility program as Nisk Project in Quebec
CVMR Investment to Fund Feasibility Program at Power Nickel Nisk Project
Power Nickel launches C$2.25mln equity raise
Power Nickel exercises option to acquire 50% of Nisk project