Power Metallic Mines Inc Stock Price, News & Analysis

Power Metallic (TSXV: PNPN / OTC: PNPNF) has contracted SGS Canada to perform preliminary metallurgical testing on the Lion deposit, with work at Quebec City and Lakefield labs.

Sampling used drill core rejects: HG (103 samples, ~300 kg) and LG (99 samples, ~300 kg). SGS will make 75 kg composites per zone, produce three 50 kg test composites (HG, LG, 50/50 blended), and run flotation plus analyses for Cu, Pd, Pt, Au, Ag, Ni. Tests may include other PGEs if indicated. Testing is expected to take ~14 weeks with final reporting not before January 2026.

Power Metallic (OTCBB: PNPNF) has reported significant high-grade assay results from its summer drilling program at the Lion Zone. The program completed 34 holes totaling 17,250 meters across multiple areas. Notable intersections include 22.66 meters of 4.57% CuEq in Hole 020 and 28.0 meters of 4.28% CuEq in Hole 015.

The summer campaign targeted several areas including Lion Extensional Drilling (3,929m), Lion In-fill drilling (5,845m), Tiger Area (2,067m), Nisk Deposit (3,575m), and Regional Exploration (1,833m). The company has implemented infrastructure improvements, including a drill mat road with bridged stream crossings, enabling year-round access to the Lion area.

Additionally, Power Metallic announced expanded mining rights near the Lion Zone discovery through a Quebec government land allocation process, with pending results expected in 30-90 days.

Power Metallic Mines (OTCBB: PNPNF) has announced the appointment of Seamus O'Regan, former Canadian Minister of Energy & Natural Resources, to its Board of Directors. O'Regan brings extensive experience in government affairs, particularly in critical minerals and Indigenous services.

The company is advancing its Nisk polymetallic discovery in Nemaska, Quebec, which aims to become the world's first carbon-neutral polymetallic mine. The project focuses on critical minerals including Copper, Platinum, Palladium, Gold, Silver, and Nickel.

Power Metallic is currently executing a 100,000-meter drill program with four active rigs and plans to add a fifth rig in September. The company has granted 1,150,000 incentive stock options at $1.45 per share to O'Regan and certain officers.

Power Metallic Mines (OTCBB:PNPNF) has announced encouraging preliminary mineralogy results from its Lion Zone deposit. The company's detailed microscopic scans, conducted by IOS Geosciences, reveal that copper mineralization is present in coarse-grained chalcopyrite and cubanite, which should respond well to conventional sulphide concentration methods.

The study shows that PGE minerals are primarily associated with chalcopyrite and cubanite, suggesting potential for efficient recovery in copper concentrate. The identified PGE minerals include stannopalladinite, froodite, and merenskyite, similar to those found in Sudbury basin and Norilsk deposits. The mineralogy testing is expected to be completed by the end of summer, followed by initial scoping-level metallurgical testing.

Power Metallic Mines (OTCBB: PNPNF) has successfully completed the acquisition of 313 mineral claims totaling 167 km² from Li-FT Power (OTCQX: LIFFF). The transaction involves a $700,000 cash payment and the issuance of 6 million common shares to Li-FT.

The acquired claims are adjacent to Power Metallic's 45.86km² Nisk property, expanding their total land position to ~212.86 km² in the Nisk camp. This strategic acquisition secures approximately 20 km of strike on the northern basin margin and 30 km on the southern margin, encompassing the Nisk, Lion, and Tiger discoveries.

Li-FT retains a 0.5% NSR on all acquired claims. The company also announced the appointment of MNP LLP as its new PCAOB-registered auditor to support potential senior exchange listings.

Power Metallic Mines (OTCBB:PNPNF) has provided a comprehensive update on its summer 2025 exploration activities at the Nisk Project. The company has significantly expanded its operations with three active drill rigs and a fourth being mobilized. The drilling program targets include 10,000-12,500 meters at Lion, 5,000-6,250 meters at Tiger, and 5,000-6,250 meters at Nisk areas.

The company is conducting extensive exploration activities including borehole EM surveys, detailed mapping, and a new airborne EM/magnetic survey. A LiDAR survey has been completed with expected processing time of 10 weeks. Power Metallic is also in the final stages of acquiring 167 km² of additional land from Li-FT Power, which will increase their land package by over 300%.

Power Metallic Mines has executed a definitive agreement to acquire 313 mineral claims totaling 167 km² from Li-FT Power, significantly expanding its Nisk property from 45.86 km² to approximately 212.86 km². The acquisition, valued at $700,000 in cash and 6 million common shares, increases the company's land position by over 300%. The expanded property secures 20 km of strike on the northern basin margin and 30 km on the southern margin, encompassing the Nisk, Lion, and Tiger polymetallic discoveries. Power Metallic is launching a fully-funded 100,000-metre drill program through 2026, with plans to operate up to six drills by early fall 2025. The company will integrate historical data, conduct airborne and ground geophysics surveys, and implement systematic mapping to identify new drilling targets.

Power Metallic Mines reported significant drilling results from their winter 2025 campaign at the Lion Zone and Nisk East. At the Lion Zone, hole PML-25-012a intercepted impressive polymetallic mineralization of 10.99% CuEq over 12.54m, including high-grade precious metals. At Nisk East, hole PMN-25-004 discovered Lion-style mineralization with 1.22% CuEq over 11.25m. The company is expanding its core facility to accommodate up to six drills, with operations starting June 6, 2025. Initial drilling with two drills will focus on expanding the Lion zone, scaling to four drills by month-end. The campaign includes overland and helicopter-supported drilling, along with mapping, prospecting, and airborne EM surveying.

Power Metallic (PNPNF) announced significant drilling results from their Lion Zone winter 2025 campaign. The company reported exceptional findings from five drill holes, with standout intersections including:

A high-grade intersection in PN-25-096 yielding 13.54 g/t Au, 236.6 g/t Ag, and 1.08% Cu over 1.95 meters, and another notable result in PN-25-002 showing 7.78% Cu with significant precious metals content over 1.95 meters.

The drilling program revealed two key developments:

• Discovery of new mineralization within the ultra mafic layered intrusion, previously unseen in the Lion Zone
• Evidence of changing mineralization characteristics at depth, suggesting proximity to a potential Ni/Cu massive sulphide deposit

The company continues to expand the Lion Zone with nine holes still pending results. The winter 2025 campaign covers approximately 8km of favorable stratigraphy, including multiple zones: Lion, Nisk, Nisk East, and Tiger Zone.