Welcome to our dedicated page for Power Metallic Mines news (Ticker: PNPNF), a resource for investors and traders seeking the latest updates and insights on Power Metallic Mines stock.
Power Metallic Mines Inc (PNPNF) provides critical nickel resources for lithium-ion batteries through its flagship Nisk project in Quebec. This news hub offers investors and industry observers centralized access to official corporate developments and exploration updates.
Track key operational milestones including drilling results from the Lion Zone, geophysical survey findings, and strategic corporate actions like recent asset spin-outs. Our curated collection ensures timely access to earnings reports, technical disclosures, and management commentary.
Stay informed about nickel exploration progress, copper-gold discoveries, and corporate restructuring initiatives through verified press releases. Content spans resource estimates, drilling technologies, and market positioning within North America's battery metals sector.
Bookmark this page for direct access to PNPNF's evolving exploration strategy across Canadian and Chilean assets. Check regularly for updates on high-grade intercepts, 3D modeling advancements, and shareholder value initiatives in the competitive metals exploration space.
Power Nickel Inc (TSXV: PNPN) announced results from their fall drilling campaign at the Lion Zone. Hole PN-24-078 delivered significant polymetallic mineralization over 29.40 meters, including grades of 0.53 g/t Au, 11.95 g/t Ag, 1.15% Cu, 1.08 g/t Pd, 0.36 g/t Pt, and 0.06% Ni. Notable high-grade sections included 2.90 meters with 3.16 g/t Au, 21.62 g/t Ag, 5.84% Cu, and 4.72 g/t Pd. The Lion Zone shows two distinct mineralized sub-zones, with the upper zone being PGE-rich and the lower zone copper-dominant. The zone remains open at depth, with recent holes being the deepest intersections to date.
Power Nickel (PNPN, PNPNF) has announced significant drilling progress at its Lion Zone, confirming mineralization 125 meters below and 75m west of the current discovery. The latest drilling results show intersections of 7 meters (Hole 93) and 13 meters (Hole 95A) of mineralized geological unit, extending the Lion Zone's depth to 600 metres below surface.
The winter drill program continues to assess the Lion Zone's limits, with Holes 93 and 95A suggesting ongoing mineralization at depth. Hole 95A reportedly shows promising core visuals with significant thickness of mineralization, while Hole 93 represents the deepest intersection to date. The zone has consistently produced high-grade copper, gold, silver, and platinum group metals.
Power Nickel (TSXV: PNPN) announced shareholder and court approval for its planned spin-out arrangement. The company will transfer its Golden Ivan property and Chilean assets to Chilean Metals (Spinco), a wholly-owned subsidiary. Shareholders approved the arrangement with 96.81% votes on November 22, 2024.
Upon completion expected around January 31, 2025, shareholders will receive one new Power Nickel share and 0.05 Spinco shares for each current share held. While Power Nickel shares will continue trading on TSXV, OTC, and Frankfurt exchanges, Spinco shares won't be listed but will maintain reporting obligations in British Columbia and Alberta.
The spin-out aims to create two specialized companies: Power Nickel focusing on the Nisk project, and Spinco developing the Golden Ivan property and Chilean assets. The company also noted ongoing investigation into potential naked short selling affecting its stock.
Power Nickel Inc. (PNPNF) has provided an update on its Lion Zone discovery at the Nisk Project near Nemaska Quebec. The Lion Zone has been intercepted across a 550-meter strike length, adjacent to an ultra mafic rock unit that outcrops at surface for 1.8 kilometers. The company has completed Hole 80, stepping out an additional 150 meters along strike west, with holes 76, 78, 79, 80, and 81 drilled with assays pending. The mineralized zone appears to be plunging with a 45-degree rake to the west. The company plans a 30,000-metre winter drill program through April, with three drills to be operational after Christmas.
Power Nickel (TSXV: PNPN) has appointed Jon Christian 'JC' Evensen as Strategic Advisor. Evensen will advise on strategic transactions, capital markets, and asset value maximization. He brings over a decade of experience in investment banking and natural resources management, having previously served on Patriot Battery Metals' Board and currently serving as President of Low Carbon Royalties and Advisory Board Member for Pallas Resources. At Luminus Management, he managed over $1 billion in investments across metals & mining. The appointment aims to advance the company's Lion Zone discovery at the Nisk Project in Quebec, which has emerged as a significant polymetallic discovery.
Power Nickel (PNPN) has announced significant drilling results from its Lion Zone discovery. Hole PN-24-072 yielded impressive results with 19.60 meters of 3.82% CuEq, including 1.27 g/t Au, 20.30 g/t Ag, 2.53% Cu, 1.01 g/t Pd, 2.42 g/t Pt, and 0.15% Ni. The company continues its westward expansion with two active drills on site, demonstrating strong lateral continuity of the zone. The summer drilling program utilized a 50-metre fan drilling approach, while fall and winter programs are successfully executing 150-plus metre step-outs using downhole EM technology.
Power Nickel (PNPN, PNPNF) announced significant drilling results from its Lion Zone discovery, highlighting the largest intersection to date of 39.6 metres with 4.19% CuEq. Hole PN-24-071 returned impressive grades including 0.38 g/t Au, 19.57 g/t Ag, 2.62% Cu, 3.37 g/t Pd, 0.80 g/t Pt, and 0.13% Ni. The company is currently executing a 30,000 metre fully funded fall and winter program. Drilling was temporarily paused for local indigenous hunting season and has now resumed with two drills on site targeting Lion Zone expansions.
Power Nickel has announced an arrangement agreement to spin out its Golden Ivan property and certain Chilean exploration assets to shareholders via Chilean Metals. This strategic reorganization will create two specialized companies: Power Nickel focusing on the Nisk project, while Spinco will manage the Golden Ivan property and Chilean assets. The Golden Ivan property, located in Terrace, British Columbia, covers 797 hectares and includes 13 mineral claims. Spinco will also acquire interests in five Chilean projects: Zulema, Tierra de Oro, Palo Negro, Hornitos, and Tabaco. Power Nickel will retain a royalty interest in the Chilean Copaquire project.
Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) has announced significant results from its summer 2024 drilling campaign at the Lion Zone discovery. Highlights include:
- Hole PN-24-070: 32.00 m of 0.45 g/t Au, 20.93 g/t Ag, 3.62% Cu, 8.10 g/t Pd, 2.47 g/t Pt and 0.18% Ni
- Hole PN-24-069: 17.00 m of 0.28 g/t Au, 9.52 g/t Ag, 0.93% Cu, 7.19 g/t Pd, 1.66 g/t Pt and 0.05% Ni
The results suggest that the Lion discovery is larger than initially thought, with mineralization found at shallower depths and extending westward. The company plans a 30,000-metre fully funded fall and winter drill program starting October 15th, utilizing data from downhole EM, Gravity, Geo Chemical, and Ambient Noise Tomography passive seismic sources for targeting.
Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) has announced assay results from the first five holes of its summer 2024 drilling campaign at the polymetallic Lion Zone discovery. Highlights include:
- PN-24-063: 5.00 m of 5.93% CuEq, including 3.00 m of 7.10% Cu
- PN-24-066: 12.05 m of 2.97% CuEq, including 3.00 m of 1.95% Cu
- PN-24-067: 12.15 m of 2.36% CuEq, including 2.35 m of 7.41% Cu
The results were obtained from targets outside the main Lion Zone in the Halo area. The company has since retargeted drills at a lower pitch further west, finding the main Lion Zone again. Assays on these new holes are pending. The company expects to report on the remaining holes in October.
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