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) news on Stock Titan brings together company‑issued updates on its exploration activities, technical work and corporate developments. Power Metallic describes itself as a Canadian exploration company focused on the Nisk Project Area in Quebec, known as the Nisk–Lion–Tiger trend, a high‑grade copper–PGE, nickel, gold and silver system.
News releases frequently cover drill results from the Lion discovery zone, the Nisk deposit and the Tiger target area. These updates detail copper‑equivalent (CuEq or CuEqRec) intercepts, distinctions between High‑Grade and Hanging‑wall mineralized zones, and the use of borehole electromagnetic (BHEM) surveys to identify off‑hole conductors and deep targets such as Tiger Deep and large EM panels associated with specific drill holes.
Investors can also follow announcements on land acquisitions and claim expansions, including the purchase of 313 claims from Li‑FT Power and the staking of additional ground over an interpreted fold hinge near Lion and Tiger. Company news highlights how these transactions have expanded Power Metallic’s control to more than 200 km² and roughly 50 km of prospective basin margins in the Nisk camp.
Other recurring topics in Power Metallic’s news flow include preliminary mineralogy and metallurgical studies on the Lion deposit, quality assurance and quality control (QA/QC) procedures, corporate governance matters such as annual meeting results and board appointments, and updates on potential stock exchange listings. This page provides a centralized view of those disclosures so readers can review how the Nisk–Lion–Tiger project and related assets are being advanced over time.
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.
Power Metallic Mines (TSX-V: PNPN, OTCBB: PNPNF) has announced results from 4 drill holes at the Tiger Zone from its winter 2025 drilling campaign. The holes intercepted Lion-style polymetallic mineralization at shallow depths of 50-100 meters below surface.
Key findings include hole PN-25-099 showing broader widths of mineralization (14.3 meters @ 0.96% CuEqRec including 6.0 meters @ 1.84% CuEqRec), and hole PN-25-102 yielding high-grade copper mineralization (1.00 meter at 6.37% CuEqRec). The Tiger Zone, located 700m east of the Lion Zone, remains the smallest mineralized zone along the Nisk trend but shows potential for significant discovery.
The company has temporarily paused operations for the annual goose hunt and spring breakup, with drilling expected to restart in late May. Results from 20 additional drill holes are pending, including holes from the Lion Zone, Nisk Zone, and Nisk East Zone.
Power Metallic Mines (TSXV: PNPN, OTCBB: PNPNF) has announced results from 6 holes in their fall 2024 drilling campaign. Four holes tested the Lion zone and two holes tested the Tiger target.
In the Lion zone, holes PN-24-092 and PN-024-093 confirmed the eastern plunge extent, with PN-24-093 providing the deepest assayed intersection to date. Holes PN-24-086 and PN-24-087 intersected high PGE values, including 1.55m @ 65.09 g/t Pd.
At the Tiger Zone, located 700 meters northeast of Lion, drilling confirmed narrow zones of massive Ni/Cu sulphides. Hole PN-24-090 returned multiple narrow zones of Cu, PGE, Au, Ag, +/-Ni, while PN-24-094 intersected narrow zones of massive Ni/Cu sulphides. Subsequent drill holes (PN-25-098, 099 and 101) also intersected additional narrow Ni/Cu massive sulphides with assays pending.
Power Metallic Inc (TSXV: PNPN) (OTCBB: PNPNF) has announced a significant expansion of its exploration program at the Nisk Project. The company plans to double its drilling capacity from 3 to 6 rigs by June 2025, supported by a C$40 million exploration budget through 2026.
The expanded program targets approximately 100,000 metres of drilling over 21 months, focusing on the Lion and Tiger polymetallic areas, Nisk deposit expansion, and exploring 5.5 km of strike between these areas. The company is upgrading its core logging facility to accommodate the increased drilling capacity, with completion expected in May.
Recent drilling success includes multiple sulphide intersections at Lion and Tiger zones, with several holes pending assay results. The company employs borehole electromagnetic surveys (BHEM) and ground EM for drill targeting, which has proven highly effective in identifying mineralization. A potential mineral resource estimate (MRE) for the Lion zone is targeted for 1H 2026, with metallurgical studies expected in 2H 2025.
Power Nickel (TSXV: PNPN) (OTCBB: PNPNF) has been recognized among the 2024 Top 50 performers on the TSX Venture Exchange, achieving a remarkable 365% share price appreciation in 2024. The company ranked as the #1 mining company and fourth overall among more than 1,600 TSXV issuers.
The Top 50 companies collectively demonstrated an average share price appreciation of 207% in 2024, improving from 121% in 2023 and 73% in 2022. The group's combined market capitalization reached $21.7 billion, representing an increase of over $16 billion during the year.
Selection criteria for the TSX Venture 50 were based on three equally weighted factors: one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value as of December 31, 2024. CEO Terry Lynch attributed the success to proving the Lion Zone's potential and announced plans to double exploration programs in 2025, with the company being fully funded.
Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) has received approval from the TSX Venture Exchange to change its name to Power Metallic Mines Inc., effective February 21, 2025. The company's shares will continue trading under the symbol 'PNPN' with new CUSIP/ISIN numbers 73929R105/CA73929R1055.
The name change reflects the company's evolution beyond nickel, acknowledging their polymetallic discovery at Nisk. The Lion Zone has demonstrated high-grade Copper, Platinum, and Palladium assays across 40 holes and hundreds of meters of drilling. The company will launch a new website at PowerMetallic.com along with a new video on February 21, marking what they consider their most important discovery phase.
Power Nickel (TSXV: PNPN, OTCBB: PNPNF) has announced results from 5 holes of their fall campaign at the Lion zone. Hole PN-24-095a delivered significant results with 10.60% CuEq over 5.35 metres within a broader intersection of 3.61% CuEq over 19.40 metres.
Holes PN-24-082 to PN-24-085 were drilled 100-200m west of known mineralization, returning only weak platinum and palladium values. These holes will undergo borehole EM (BHEM) surveys with an expected 'look' radius of 150-200 meters. Hole PN-24-88, testing between Lion and Lion East discovery, showed minor gold and copper values.
The company has added a second drill at the site, with a third drill planned for mid-February. This increased capacity aims to accelerate resource definition. Ongoing EM survey interpretations are expected to identify multiple conductive targets for exploration along several kilometers of strike on the mineralized structures.
Power Nickel (PNPN) and Chilean Metals have completed their strategic business reorganization through a spin-out of the Golden Ivan Property and certain Chilean assets. The arrangement, effective February 3, 2025, provides Power Nickel shareholders of record as of January 31, 2025, with one new Power Nickel share and 0.05 Chilean Metals shares for each share held.
The shareholders now own approximately 50% of Chilean Metals shares, with Power Nickel holding the remaining balance. The reorganization aims to create two specialized companies: Power Nickel focusing on the Nisk project, and Chilean Metals developing the Golden Ivan property in British Columbia and various Chilean projects. Power Nickel shares continue trading on TSXV, OTC, and Frankfurt exchanges, while Chilean Metals will operate as an unlisted reporting issuer in British Columbia and Alberta.
Power Nickel (TSXV: PNPN) (OTCBB: PNPNF) has announced that its planned spin-out arrangement will become effective on February 3, 2025. Under the arrangement, shareholders of record as of January 31, 2025, will receive one new Power Nickel share and 0.05 Spinco shares for each current share held.
The spin-out will separate the company's assets into two distinct entities: Power Nickel will focus on the Nisk project, while Spinco (Chilean Metals Inc.) will manage the Golden Ivan property in British Columbia and various Chilean assets. The Golden Ivan property consists of 13 mineral claims covering 797 hectares. Power Nickel will maintain its royalty interest in the Chilean Copaquire project.
While Power Nickel shares will continue trading on the TSXV, OTC Market, and Frankfurt Stock Exchange, Spinco shares will not be listed on any exchange but will be a reporting issuer in British Columbia and Alberta.
Power Nickel (TSXV: PNPN) has launched its 2025 winter drill campaign at the Nisk project, following successful 2024 drilling results that revealed high-grade copper and precious metal discoveries in the Lion zone. Notable intersections include:
- 14.40m of 8.15% Cu, 6.23 g/t Pd, 8.40 g/t Pt (PN-24-047)
- 32.00m of 3.62% Cu, 8.10 g/t Pd, 2.47 g/t Pt (PN-24-070)
The company plans to operate 3 drills by mid-February, targeting the Lion deposit extensions and exploring 5.5 km of previously undrilled strike between Nisk and Lion. A new discovery has been made 700m east of Lion, intersecting massive sulphides with strong nickel indications. The company has retained a geophysicist to review borehole and ground EM surveys from 2024 to identify new drill targets.