Power Metallic Mines Inc.
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Terrence Lynch
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- Canadian Venture Building Toronto ON Canada M5C 1P1
- IPO Date
- Jan 8, 2021
- CIK
- 0000855950
- Website
- powermetallic.com
- Similar Companies
- Business
- Power Metallic Mines Inc. is a Canadian junior exploration company focused on the acquisition, exploration, and development of mineral properties containing nickel, copper, cobalt, platinum group elements, gold, and silver deposits. The company operates primarily through its flagship Nisk Project Area, encompassing the Nisk, Lion, and Tiger zones located near Nemaska in Quebec's Eeyou Istchee James Bay territory; this polymetallic deposit features high-grade nickel-copper-PGE sulfide mineralization with shallow depths, proximity to infrastructure including a Hydro-Québec substation, highway access, and potential for carbon sequestration via ultramafic tailings to support carbon-neutral production of battery metals and critical minerals. Additional interests include a 50% stake in Chilean Metals, which holds exploration properties such as Hornitos, Palo Negro, and Tabaco in Chile, as well as the recently awarded Jabal Baudan exploration license in Saudi Arabia's Jabal Sayid Mineralized Belt. Founded in 1987 and headquartered at the Canadian Venture Building in Toronto, Ontario, Power Metallic Mines targets mining companies, institutional investors, and strategic partners in the diversified metals and mining sector across Canada, Chile, and Saudi Arabia. Core activities involve extensive drilling programs, geophysical surveys, metallurgical testing, and land expansion; recent high-grade intercepts at Lion include 5.35 meters of 11.97% copper (16.35% CuEq) in hole 25-022, 22.66 meters of 4.57% CuEq in hole 020, and continued expansion at Tiger with copper-dominant mineralization. In 2025, the company changed its name from Power Nickel Inc. in February, completed a C$50 million private placement in February led by BMO Capital Markets and Hannam & Partners, spun out Golden Ivan and certain Chilean assets to Chilean Metals in February via shareholder distribution, acquired 313 mineral claims totaling 167 square kilometers from Li-FT Power in June-July expanding the Nisk land package over 300% to 212.86 square kilometers, appointed Seamus O'Regan to the board in August and initiated Phase 1 metallurgical testing with SGS Canada in October, named to the 2025 TSX Venture 50, and advanced NYSE listing processes as of November.
Company News
Power Metallic announces Marketing Programs
Power Metallic Mines continues exploration as resource estimate timing shifts
Power Metallic Provides NISK update
Power Metallic Provides NISK update
Travelers shares rise after Q2 earnings crush estimates on lower catastrophe losses
Power Metallic well-positioned for second-half catalysts, Noble Capital Markets says
Power Metallic well-positioned for second-half catalysts, Noble Capital Markets says
Traders cool on Tesla-SpaceX merger as Polymarket odds slide
Power Metallic reports final Lion Zone drill assays at Quebec's Nisk project ahead of resource estimate
BlackRock beats profit estimates on record inflows
Power Metallic reports New Lion drill intercepts of 36.42 Meters of 2.83% CuEqRec1 in Hole 26-116 including 6.00 Meters of 12.38% CuEqRec1 and Announces AGSM Meeting Results
Power Metallic Mines appoints Christopher Beal as vice president of operations
Power Metallic Announces Appointment of Christopher Beal as Vice President of Operations
FTSE 100 Live: Stocks mixed, Segro surges but gold tests 7-month lows
Power Metallic Mines drill results strengthen Lion Zone confidence ahead of July MRE, says Hannam & Partners
Power Metallic Mines drill results strengthen Lion Zone confidence ahead of July MRE, says Hannam & Partners
Power Metallic Mines reports additional Lion drill results ahead of July resource estimate
SpaceX shares tick higher after two-day slump erases $600B
Power Metallic reports New Lion drill intercepts of 13.30 Meters of 3.98% CuEqRec¹ in Hole 26-115 and 5.26 Meters of 8.45% CuEqRec¹ in Hole 26-105 at Lion
Power Metallic reports New Lion drill intercepts of 13.30 Meters of 3.98% CuEqRec¹ in Hole 26-115 and 5.26 Meters of 8.45% CuEqRec¹ in Hole 26-105 at Lion