CMETF Stock Price, News & Analysis

Power Nickel Inc. has partnered with Fleet Space Technologies to enhance exploration at its NISK project using the innovative ExoSphere approach. This technology utilizes Ambient Noise Tomography to accurately locate nickel deposits, promising a reduction in land disturbance and faster exploration. The project spans 1 square kilometer of a 45-square-kilometer land package known for high-grade nickel sulfide in Canada. Recent drill results indicate a significant yield of nickel and copper, crucial for meeting the increasing demand for sustainable energy solutions, particularly in the wake of Indonesia's nickel export restrictions.

Power Nickel Inc. has announced the retention of Karbon-X Corp to retire 159 high-quality Verra VCU carbon offsets, counteracting greenhouse gas emissions from its exploratory drilling operations. This initiative aims to neutralize the environmental impact of using 60,000 liters of diesel for approximately 40,000 meters of drilling, showcasing Power Nickel's commitment to creating the world's first carbon-neutral nickel mine at the Nisk Project in Quebec. The announcement emphasizes the importance of responsible mining practices and the potential for carbon offsetting in the industry.

Power Nickel Inc. has reported new assay results from its Nisk project, showing significant high-grade Ni-Cu-Co-PGE mineralization. The key result includes 40.3m at 0.88% Ni, 0.56% Cu, 0.06% Co, 1.64 ppm Pd, and 0.15 ppm Pt from hole PN-22-009. This drill program extends mineralization depth and is expected to enhance tonnage as the company prepares for a new 43-101 report. Additionally, drilling will continue with an extension of 7,500m to 10,000m planned for Q1 2023 as they remain optimistic about future results.

Power Nickel announces positive initial assay results from its Nisk deposit drill program, revealing high-grade mineralization of nickel, copper, cobalt, and PGE. Significant intervals include 25.86m at 1.17% Ni, 0.80% Cu, and additional sections showing even higher grades. The company confirms semi-massive to massive sulfide mineralization, extending by 150m at depth. Based on these results, drilling will increase by 7,500m to 10,000m in Q1 2023. CEO Terry Lynch emphasizes the potential for improving resource estimates and enhancing project economics, positioning Power Nickel favorably against competitors.

Power Nickel Inc. has successfully completed an over-subscribed private placement, raising CAD$4,192,500 through the issuance of 13,750,000 flow-through units at $0.20 each and 14,425,000 non-flow-through units at $0.10 each. The funds will primarily be used for eligible Canadian exploration expenses and to settle an outstanding debenture. Insider investments totaled CAD$540,000 in NFT Units. The company plans to expand its drilling program at the Nisk project from 5,000 to up to 15,000 meters, with results expected by February 2023.

Power Nickel Inc. has announced an increase in its non-brokered private placement by CAD $300,000, raising total gross proceeds to up to CAD $3,300,000. The private placement now includes up to 10,250,000 flow-through units priced at $0.20 each and up to 12,500,000 non-flow-through units priced at $0.10 each. The funds will be allocated for Canadian exploration expenses eligible for a federal tax credit and to settle an outstanding debenture. The transaction involves insider participation of $550,000 and is subject to TSX Venture Exchange approval.