Power Metallic Mines Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Terrence Lynch
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- Canadian Venture Building Toronto ON Canada M5C 1P1
- IPO Date
- Jan 8, 2021
- 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.
Power Metallic Mines Announces Upsize of Brokered LIFE Offering for Gross Proceeds of up to C$30 Million
Power Metallic Mines launches C$25M LIFE offering to fund NISK, Saudi exploration
Power Metallic Mines Announces Brokered LIFE Offering for Gross Proceeds of up to C$25 Million
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Power Metallic Mines expands 2026 exploration at Nisk project in Quebec
Power Metallic Mines Expands Exploration Arsenal with Cutting-Edge Geophysical Surveys at Nisk Project
Power Metallic Mines Expands Exploration Arsenal with Cutting-Edge Geophysical Surveys at Nisk Project
Autodesk expected to deliver first quarter earnings beat, in-line outlook
Power Metallic Mines reports high-grade copper intercepts at Lion Zone
Power Metallic Mines reports high-grade copper intercepts at Lion Zone
Power Metallic Mines' Saudi partnership welcomed by Noble analysts
Power Metallic Mines’ Saudi partnership welcomed by Noble analysts
Power Metallic Mines enters strategic alliance with Amaar United Mining to pursue Saudi license opportunities
Power Metallic Announces Expansion In the Kingdom of Saudi Arabia via Joint Venture With Amaar Mining
Power Metallic Announces Expansion In the Kingdom of Saudi Arabia via Joint Venture With Amaar Mining
Power Metallic Metals ‘Outperform' view reaffirmed by Noble on Ideon exploration collaboration
Power Metallic Mines partners with Ideon on deep imaging survey at Nisk project
Power Metallic Partners with Ideon Technologies to Unlock Deep Discovery Potential at Nisk Lion Zone using Muon Tomography
Power Metallic Partners with Ideon Technologies to Unlock Deep Discovery Potential at Nisk Lion Zone using Muon Tomography
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