Power Metallic Mines Inc. reports mineral exploration developments tied to its common shares traded as PNPNF in the United States and PNPN on the TSX Venture Exchange. Company updates focus on drill assays from the Lion Zone, infill drilling, structural interpretation, copper-equivalent results, and work supporting future mineral resource estimates and potential development concepts.
Recurring disclosures also cover regional exploration targets around Lion, Lion East, Lion West, Tiger, Elephant and related sulphide or gold mineralization, along with the company's Power Metallic Arabia subsidiary and the Jabul Baudan exploration license in Saudi Arabia's Jabal Said Belt. News may also include investor-relations disclosures, OTC Markets responses, and corporate actions involving mineral exploration assets.
Power Metallic Mines (PNPNF) has appointed BBA to lead a preliminary economic assessment of its Lion and Nisk Main deposits. The company targets completion in the first half of 2027, with substantive engineering starting in October. The study will assess mining, processing, infrastructure, capital and operating costs, and preliminary project economics.
The September 8, 2026 mineral resource estimate will underpin mine design and economic analysis, principally focused on Lion. Nisk Main's role remains under evaluation, with SGS metallurgical studies expected before year-end. No initial development configuration has been selected. GeoVector will prepare geological and resource content for independent SGS review. Exploration and environmental work continue in parallel, with a second environmental field season planned for summer 2027. Ethos will support community engagement. Existing cash resources fund these programs and the assessment.
Power Metallic Mines (PNPNF) reported first deep extensional drill assays from the Summer 2026 program at the Lion zone within the Nisk Project Area.
Flagship hole PML-26-125, the deepest assayed intercept at Lion to date at nearly 800 m vertical depth, returned 5.70 m grading 11.42% Cu, 61.57 g/t Ag, 0.30 g/t Au, plus Pd, Pt and Ni, for 14.00% CuEqRec¹, including 2.15 m at 20.30% Cu and 24.62% CuEqRec.
Hole PML-26-121a, targeting the western side of the Lion plunge at roughly 650 m vertical depth, cut 7.70 m at 3.28% CuEqRec, including 1.70 m at 11.93% CuEqRec. A further hole, PML-26-128, intersected copper sulphide mineralization at nearly 900 m vertical depth, with assays pending. These results extend Lion more than 25% deeper than the holes used in the recent MRE and indicate the deposit remains open at depth.
Power Metallic Mines (PNPNF) reported an updated Mineral Resource Estimate for its Nisk Project, including a maiden high‑grade resource at the Lion Zone effective June 19, 2026.
The Lion deposit hosts 4,145,000 tonnes Indicated at 3.86% CuEq and 601,000 tonnes Inferred at 4.01% CuEq, with the company stating this totals about 4.75 million tonnes grading close to 4% CuEq and approximately 406 million pounds CuEq, of which more than 85% is Indicated. Lion mineralization begins at surface, with about 59% of tonnes within the open‑pit resource, and remains open at depth.
Locked‑cycle tests on Lion material returned copper recoveries above 98% and concentrates grading over 25% Cu, with high recoveries for Au, Pd, Pt and Ag. The Nisk nickel‑copper resource has been restated, and a PEA is being planned to evaluate development of Lion together with Nisk. Five rigs are currently drilling for resource expansion, with assay results expected starting in September 2026.
Power Metallic Mines (TSXV: PNPN, OTCBB: PNPNF) has launched several marketing and investor relations initiatives ahead of its upcoming mineral resource estimate and preliminary economic assessment. The company signed an agreement with Native Ads for a digital campaign with a retainer of up to US$200,000 over as long as 18 months, subject to TSX Venture Exchange approval.
Power Metallic also engaged Ora IR Services at $20,000 per month for six months starting September 1, 2026, and will present at the Emerging Growth Conference on September 24, 2026 at a cost of $4,400. A 12‑month digital marketing agreement with AGORACOM beginning August 30, 2026 will provide AI‑driven content and investor engagement for aggregate compensation of C$125,000 plus HST, payable in shares under TSXV Policy 4.3. The company expects to spend about US$75,000 attending multiple fall and winter conferences and has adjusted the payment schedule on its market stabilization agreement with Red Cloud Securities to monthly in advance.
Power Metallic Mines (OTCBB: PNPNF) reports that its anticipated 2026 Mineral Resource Estimate for the combined Nisk and Lion discoveries will be postponed until the end of August due to staffing constraints at its consulting engineering firm. The company continues drilling with five rigs and expects assay results from its summer program starting in September and through the fall, and plans to integrate Squid survey and early Muon Geophysical data into post–Moose Break work. Power Metallic is also advancing its Nasdaq listing application following shareholder approval of charter updates on June 30, 2026, has granted 11.3 million stock options at $1.25 and 650,000 DSUs to directors, officers and consultants, and maintains a liquidity and market stabilization agreement with Red Cloud Securities at $7,000 per month.
Power Metallic (TSXV: PNPN, OTC: PNPNF) reported final assay results from its Winter 2026 drill program at the Lion Zone and the voting outcomes of its June 30, 2026 AGSM. Key intercepts include hole PML-26-116 with 36.42 m grading 2.83% CuEqRec1 from 84.00–120.42 m, including 6.00 m at 12.38% CuEqRec1 and additional high-grade sub-intervals. Several other holes returned near-surface polymetallic mineralization supporting the upcoming 2026 NI 43‑101 Mineral Resource Estimate for Lion.
The company targets completion and reporting of mineral resource estimates for Lion and Nisk by the end of July 2026, to be followed by a Preliminary Economic Assessment. At the AGSM, about 33.42% of shares were voted, shareholders approved all resolutions, including director elections, auditor appointment, re‑approval of the Omnibus Equity Incentive Plan, and an amendment increasing the quorum threshold to 33⅓% to align with expectations for a potential future U.S. national exchange listing.
Power Metallic (OTC:PNPNF) appointed Christopher (Chris) Beal as Vice President of Operations. Beal has over 15 years of experience in mining operations, technology commercialization, corporate development, and capital markets.
He will focus on advancing the Nisk project through a PEA and Feasibility study and is expected to transition to full-time and become COO around late 2026 or early 2027.
Power Metallic (OTCBB: PNPNF) reported new assay results from its Winter 2026 drill program at the Lion Zone. Key intercepts include 13.30 m at 3.98% CuEqRec¹ in hole PML-26-115 and 5.26 m at 8.45% CuEqRec¹ in PML-26-105.
These infill holes help define the western, near-surface portion of Lion for the upcoming NI 43-101 Mineral Resource Estimate, with MREs for Lion and Nisk expected by the end of July, followed by a Preliminary Economic Assessment.
Power Metallic Mines (OTCBB:PNPNF) upsized its brokered LIFE equity offering from C$25 million to up to C$30 million, citing strong investor demand. Up to 24 million shares at C$1.25 will be issued, plus an agents’ option for 2.4 million more. Net proceeds will fund the NISK Project in Québec, the Jabul Baudan license in Saudi Arabia, and working capital. Closing is targeted for June 10, 2026, subject to regulatory and TSX Venture approval.
Power Metallic Mines (OTCQB:PNPNF) launched a brokered listed issuer financing exemption (LIFE) private placement for up to C$25 million, selling up to 20,000,000 common shares at C$1.25 each. An agent option could add C$3 million. Proceeds will fund the NISK Project in Québec, the Jabul Baudan license in Saudi Arabia, and working capital. Closing is anticipated on June 10, 2026, subject to regulatory and TSX Venture Exchange approvals.