Power Metallic Mines Inc. (TSX.V: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV1) has reported final drill assay results from the winter program at the Lion Zone within its Nisk polymetallic project in Québec, revealing high-grade near-surface copper mineralization that is expected underpin the company's initial NI 43-101 mineral resource estimate. According to reporting by Emily Jarvie of Proactive, highlights included 36.42 meters grading 2.83% copper equivalent, including 6 meters grading 12.38% copper equivalent. Infill drilling has increased confidence in the geological model ahead of resource modeling.
The company expects to complete and report initial mineral resource estimates for both the Lion and Nisk deposits by the end of July, which will provide the foundation for a preliminary economic assessment. Separately, shareholders approved all resolutions at the company's annual meeting, including an amendment intended to align governance requirements with a potential future U.S. national stock exchange listing. The full article can be accessed at https://ibn.fm/aAZ0J.
Power Metallic Mines is a Canadian exploration company focused on advancing the Nisk Project Area, which includes the Nisk, Lion, and Tiger zones—a high-grade copper-PGE, nickel, gold, and silver system—toward Canada's next polymetallic mine. On February 1, 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li–FT Power, the company now controls approximately 330 km² and roughly 50 km of prospective basin margins.
Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs. Beyond the Nisk Project Area, Power Metallic indirectly holds an interest in significant land packages in British Columbia and Chile through its 50% share ownership in Chilean Metals Inc., which was spun out via a plan of arrangement on February 3, 2025. The company also owns 100% of Power Metallic Arabia, which holds a 100% interest in the Jabul Baudan exploration license in Saudi Arabia's Jabal Said Belt, covering over 200 square kilometers in a region known for massive volcanic sulfide deposits, including the world-class Jabal Sayid mine. More information is available at https://www.powermetallic.com/.
