Power Metallic Intercepts 4.40 Meters of 12.18% Cu (14.34% CuEqRec) included within 20.40 Meters of 2.91% Cu (3.58% CuEqRec) in Hole 25-029b at Lion, and Completes the Extension of PN-24-064 to define large off-hole BHEM anomaly

Rhea-AI Summary

Power Metallic (OTC:PNPNF / TSXV:PNPN) released assays from its 2025 summer program showing multiple high‑grade intersections at the Lion zone and updates on a large off‑hole BHEM conductor. Key results include 4.40 m @ 14.34% CuEqRec within 20.40 m @ 3.58% CuEqRec in hole PML‑25‑029b, and 1.59 m @ 27.92% CuEqRec within 19.8 m @ 2.71% CuEqRec in PML‑25‑025. The company extended hole PN‑24‑064 to 1,347 m and completed BHEM modelling that defined the largest off‑hole conductor on the project, aligned with subsidiary conductors and the newly acquired Hydro Lands. Some targets returned modest or no significant assays; drilling permits granted for Hydro Lands and the company says it is funded for 2025–2026 work and planning a NYSE listing to access U.S. capital markets.

Positive

• 4.40 m @ 14.34% CuEqRec in hole PML‑25‑029b
• 1.59 m @ 27.92% CuEqRec in hole PML‑25‑025
• PN‑24‑064 extended to 1,347 m producing largest off‑hole BHEM conductor
• Drill permits granted for Hydro Lands, enabling near‑term drilling
• Company reports funding in place for 2025–2026 programs

Negative

• Multiple holes returned no significant assays (e.g., PMN‑25‑006, 007, 008, 010)
• Li‑FT acquisition holes intersected sulphides but showed no significant metal values
• Testing of deep BHEM anomaly deferred to 2026 pending heavier rig mobilization

News Market Reaction

-0.68%

1 alert

-0.68% News Effect

On the day this news was published, PNPNF declined 0.68%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Lion intercept PML-25-029b: 4.40 m @ 12.18% Cu (14.34% CuEqRec) Lion intercept PML-25-029b broad: 20.40 m @ 2.91% Cu (3.58% CuEqRec) Lion intercept PML-25-025a: 1.59 m @ 27.92% CuEqRec +5 more

8 metrics

Lion intercept PML-25-029b 4.40 m @ 12.18% Cu (14.34% CuEqRec) High-grade interval within Lion zone resource drilling

Lion intercept PML-25-029b broad 20.40 m @ 2.91% Cu (3.58% CuEqRec) Broader mineralized interval hosting high-grade core

Lion intercept PML-25-025a 1.59 m @ 27.92% CuEqRec Included within 19.80 m @ 2.71% CuEqRec at Lion

Lion intercept PML-25-031 2.65 m @ 17.79% CuEqRec High‑grade Lion west extensional intersection

Nisk East PMN-25-005 4.00 m @ 2.34% CuEqRec Modest Ni-Cu-Pd mineralization at Nisk East

PN-24-064 original depth 1,046 m Initial end-of-hole depth before 300 m extension

PN-24-064 extended depth 1,347 m Total depth after 300 m extension to model large BHEM anomaly

QAQC certification ISO 9001 and 17025 Actlabs laboratory quality and accreditation standards

Market Reality Check

Price: $0.9459 Vol: Volume 791,556 is 3.17x t...

high vol

$0.9459 Last Close

Volume Volume 791,556 is 3.17x the 20-day average of 249,409, indicating elevated trading activity. high

Technical Price at 0.616 is trading below the 200-day MA of 0.92, reflecting a pre-existing downtrend.

Peers on Argus

PNPNF fell 10.52% while key peers like RGLSF, THSGF, ECRAF and SRAFF were modest...

PNPNF fell 10.52% while key peers like RGLSF, THSGF, ECRAF and SRAFF were modestly positive (up to about 2–3%), and only UURAF declined (-5.21%), pointing to a stock-specific move.

Common Catalyst Only one tracked peer (ECRAF) reported project news today, suggesting no broad sector-wide catalyst.

Historical Context

5 past events · Latest: Dec 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 02	Lion drill assays	Positive	-0.7%	High‑grade Lion zone intercepts and largest off‑hole BHEM conductor defined.
Nov 25	Investor webinar	Positive	+3.8%	Announcement of Red Cloud virtual corporate update on NISK and key metals.
Nov 25	AGSM & NYSE update	Positive	+6.1%	AGSM approvals, new equity plan, and progress update on NYSE listing process.
Nov 18	Summer drill results	Positive	-4.2%	Multiple Lion zone CuEq intercepts and 17,250 m of drilling disclosed.
Nov 04	Lion drilling & lands	Positive	-10.4%	Strong CuEq hits at Lion, >600% land expansion and BHEM target prioritization.

Pattern Detected

Operational and exploration updates with strong assay results have often been met with negative 24h price reactions, while corporate/NYSE process updates and investor outreach have seen positive responses.

Recent Company History

Over the last month, Power Metallic has repeatedly highlighted high‑grade CuEq intersections at the Lion zone, large BHEM anomalies between Lion and Tiger, and substantial land expansion to 313 km². Corporate developments included AGSM approvals, a new Omnibus Equity Incentive Plan, and continued work on a potential NYSE listing with an update targeted for early January 2026. Despite generally constructive technical results and funding for 2025–2026 work, several drilling updates saw negative next‑day price moves, contrasting with positive reactions to governance and marketing news.

Market Pulse Summary

This announcement highlights multiple high‑grade Cu and CuEqRec intervals at the Lion zone, the exte...

Analysis

This announcement highlights multiple high‑grade Cu and CuEqRec intervals at the Lion zone, the extension of hole PN‑24‑064 to 1,347 m, and definition of the largest off‑hole BHEM conductor on the project. It also notes permits for the Hydro Lands and that work programs are funded into 2025–2026, alongside an intended NYSE listing. Investors may focus on how efficiently deep targets are tested, the balance of high‑grade versus modest results, and ongoing corporate milestones.

Key Terms

ICP-OES, ISO 9001, 17025, pegmatite, +1 more

5 terms

ICP-OES technical

"analysed using 1F2 (ICP-OES) and 1C-OES - 4-Acid near total digestion"

An ICP-OES is a laboratory technique that measures the amounts of metals and other elements in liquids and solids by turning a sample into a hot, glowing gas and reading the light it gives off — like using a prism to read elemental “fingerprints.” Investors care because those readings determine compliance with safety and environmental rules, verify mineral content in mining reports, and confirm ingredient purity in manufacturing, any of which can affect a company’s costs, legal risk and reported resources.

ISO 9001 technical

"Actlabs is an ISO 9001 and 17025 certified and accredited laboratories"

ISO 9001 is an international standard for a company’s quality management system that sets out how the organization documents and controls its processes to deliver consistent products or services. For investors, certification is like a stamp saying the company follows repeatable, audited procedures—this can lower operational risk, improve efficiency and customer trust, and make performance more predictable over time.

17025 technical

"Actlabs is an ISO 9001 and 17025 certified and accredited laboratories"

17025 is shorthand for the international quality standard (ISO/IEC 17025) that shows a laboratory is competent to carry out specific tests and calibrations. For investors, a lab with this accreditation is like a vehicle with a recent safety inspection: it gives confidence that test results are reliable, reducing risk that product claims, safety data or regulatory submissions are based on faulty measurements.

pegmatite technical

"Pegmatite samples are analyzed using UT7 - Li up to 5%, Rb up to 2% method"

A pegmatite is a type of coarse‑grained igneous rock that forms when the last, water‑rich portion of magma cools, often producing very large mineral crystals like a batch of cookie dough with oversized chocolate chips. It matters to investors because pegmatites frequently host concentrations of valuable and strategic minerals (for example lithium, tantalum, and rare earth elements), making them prime exploration targets and potential sources of high‑value mining projects that can affect commodity supply and company valuations.

tonalite technical

"rip-up blocks in outcrop (Figure 4) of both massive sulphides, and ultra-mafic in tonalite intrusions"

Tonalite is a coarse-grained, light-colored underground rock similar to granite that forms when molten material cools slowly deep beneath the Earth’s surface. For investors in mining and natural resources, its presence matters because tonalite can host concentrations of metals like gold, copper and molybdenum and influences how easy or costly it is to find and extract those deposits—think of it as the type of soil that helps determine whether a treasure hunt is promising or difficult.

AI-generated analysis. Not financial advice.

TORONTO, Dec. 2, 2025 /PRNewswire/ - Power Metallic Mines Inc.(the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to provide a release of assays from its summer drill program, an update on its land assembly activities together with an outlook to the fall and winter key exploration objectives.

Summer Drilling Release 3 – Lion – Nisk East

The summer drilling program was designed to search for extensions to the Lion Zone, specifically down plunge from known mineralization, and to infill drill on the Lion deposit to define the zone geometry to a confidence level that would allow a future mineral resource estimate to be carried out to an Indicated Resource classification.

Lion Resource Drilling (Table 1, Figure 1)
Drilling has successfully defined mineralization extending down-plunge some of the high-grade shoots that are internal to the Lion zone for future MRE modelling. Drilling reported here intersected mineralization below the central high-grade zone of Lion, including High-grade sulphide intersections of 4.40m @ 14.34% CuEqRec¹ in hole PML-25-029b included within 20.40m of 3.58% CuEqRec¹), and 1.59m @ 27.92% CuEqRec¹ in hole PML-25-025, included in 19.8m of 2.71% CuEqRec¹). Extensional intersection on the west side of Lion included 2.65m @ 17.79% CuEqRec¹ in hole PML-25-31 included within 8.10m of 7.13% CuEqRec¹). These holes have largely confirmed the grade of the Lion zone as well as increasing the size of the interpreted high grade lodes.

Hole	From	To	Length	Au	Ag	Cu	Pd	Pt	Ni	CuEq Rec*
	(m)	(m)	(m)	(g/t)	( g/t )	( %)	(g/t)	( g/t )	( %)	( %)
LION
PML-25-025a	355.00	374.80	19.80	1.50	8.25	0.98	1.52	0.19	0.10	2.71
Including	369.46	371.05	1.59	18.06	82.45	10.55	15.74	0.32	0.34	27.92
and	390.60	391.60	1.00	6.09	20.10	3.50	12.10	0.10	0.30	12.10
PML-25-029b	499.00	519.40	20.40	0.39	19.79	2.91	0.93	0.10	0.21	3.58
Including	514.00	518.40	4.40	0.69	73.25	12.18	3.77	0.48	0.95	14.34
PML-25-031	483.40	491.50	8.10	4.38	11.32	1.12	5.68	2.76	0.14	7.13
Including	484.35	487.00	2.65	13.12	10.13	1.80	13.84	6.36	0.23	17.79
NISK EAST
PMN-25-005	411.00	412.00	1.00	0.02	0.90	1.54	0.20	0.02	0.39	2.25
and	425.70	431.70	6.00	0.03	0.46	0.18	0.53	0.02	0.64	1.86
including	425.70	429.70	4.00	0.04	0.55	0.20	0.68	0.03	0.81	2.34
PMN-25-006	no significant results
PMN-25-007	no significant results
PMN-25-008	no significant results
PMN-25-009	441.00	442.00	1.00	0.01	0.90	0.19	0.32	0.04	0.78	2.10
PMN-25-010	no significant results
PMN-25-011	398.00	406.00	8.00	0.01	0.44	0.05	0.11	0.03	0.21	0.58

Note: Reported length is downhole distance; true width based on model projections is estimated as 85% of downhole length

 

¹Copper Equivalent Rec Calculation (CuEqRec¹)
CuEqRec represents CuEq calculated based on the following metal prices (USD): 2,360.15 $/oz Au, 27.98 $/oz Ag, 1,215.00 $/oz Pd, 1000.00 $/oz Pt, 4.00 $/lb Cu, 10.00 $/lb Ni and 22.50 $/lb Co., and a recovery grade of 80% for all commodities, consistent with comparable peers.

Terry Lynch, CEO of Power Metallic states "another good round of results showing very solid increases in the known mineralized area in the Lion Zone. At the moment even as we continue to test the extension of Lion and grow its mineralized area we have three strategic target areas supported by geology and borehole EM that look promising to deliver our next big breakthrough. Hole 64 which we talk about below and the very promising large off hole anomaly that sits in our interpreted fold hinge will be targeted by a series of holes as soon as drilling commences in 2026. This delay is to enable the heavier land rigs to be mobilized for this deep drill target. Tiger Deep the anomaly we discussed in our last release is being targeted prior to the Christmas break as are initial holes on the Hydro Lands.

Our integrated geophysical and geochemical toolkit has delivered for us in the past, and our exploration team has never been more optimistic than it is today. We are well funded for our 2025–2026 work programs and have announced our plan to list on the NYSE to access deeper U.S. capital markets. As we move into the upcoming winter and summer 2026 drill campaigns across the district, we've asked the team to systematically pursue the highest–priority targets, and while we haven't yet defined a second Lion or Nisk–style zone, we believe this is one of the most target–rich exploration opportunities over the next 12 months."

Nisk East Drilling (Table 1)
Drilling at the Nisk East target includes holes PMN-25-005 thru PMN-25-011. Modest intersections of Ni-Cu-Pd mineralization was intersected in holes PMN-25-005, 008 and 011, including 4.00m of 2.34% CuEqRec¹ in hole PMN-25-005. The Nisk East area is now being re-assessed with the recent land acquisition to the west (see news release November 4, 2025) which now allows Power Metallic to effectively target the extension of the geology that hosts this Ni-Cu system (Figure 2) and is on strike with the Lion and recently intersected Lion West zone (assays pending).

Power Metallic has also received assay results from the first 7 holes on the recent Li-FT acquisition (PMX-25-001 thru PMX-25-007). All holes were targeting airborne EM anomalies, and all holes intersected semi-massive to massive sulphides explaining the EM conductors. No significant metal values were intersected. Currently the PMX program is focusing on the recently acquired 'Hydro Lands' which is interpreted to be the folded extension of the Nisk-Lion system (see news release November 4, 2025). Drill permits have now been granted for this area allowing drilling to commence on this important target area.

Lion-Tiger Deep Target
'Deep Tiger' is a target that is based on reinterpretation of previous Tiger drilling that suggests Tiger is made up of 'rip-up' blocks of massive Ni-Cu sulphides carried in a tonalitic intrusion from a deeper larger deposit (Figure 3). This is supported by the fact that Tiger massive sulphides are hosted in a late tonalitic intrusion, and that recent surface mapping in the area discovered similar 'rip-up' blocks in outcrop (Figure 4) of both massive sulphides, and ultra-mafic in tonalite intrusions. Using various vectoring techniques Power Metallic believes it is directing exploration proximal to the source of this mineralization.

As reported on November 4, 2025, three holes (PML-25-021, 026a, 030) were drilled below the depth resolution of the recent 2025 airborne VTEM survey completed by Power Metallic. These holes were testing the area between Lion and Tiger to intersect the mineralized horizon and provide drill holes for BHEM surveys.

As previously reported hole PML-25-026, drilled closest to Lion returned no significant assays, while the BHEM survey off-hole conductors were pointing to the presence of the Lion deposit. Hole PML-25-021 intersected Lion style mineralization (3.70m @ 1.48% CuEqRec¹) and indicated an off-hole anomaly (Figure 2) east of the Lion deposit. Subsequent drilling of this BHEM off-hole target (PML-25-038) intersected more Lion style mineralization (assays pending) and BHEM surveys are currently being conducted on this hole.

The most easterly hole, PML-25-030 (assays pending) did not intersect significant visual mineralization, but the BHEM survey produced a large, possibly thick bodied anomaly deeper and to the east of the hole. This BHEM panel was tested by hole PML-25-035 (assays pending), which intersected sulphide mineralization in ultra-mafic host rock. This better refined the off-hole BHEM anomalies (Figure 2) which are currently being tested with drilling.

Lion-Tiger Deep Target – Hole PN-24-064
During drilling in 2024 on the Lion deposit, one hole, PN-24-064 was extended well beyond the Lion Zone and the hole ended at 1046 meters. Subsequent BHEM surveys indicated a very large off-hole anomaly, but the full anomaly couldn't be modelled as the conductor was below and in front of the end of the hole. This hole was subsequently extended 300 meters (end at 1347 meters) and resurveyed with BHEM. This has resulted in the largest off-hole conductor to date on the project.

This conductor stretches in front of the mineralization and conductors developed in holes PML-25-021, 030, 035 and 038 (Figure 1). It sits on both our original Nisk lands and the Li-FT acquisition claims which Power Metallic own 100% (Figure 2). The BHEM panel is on strike with the newly acquired 'Hydro Lands'. It occurs in the interpreted location of a fold hinge which has developed into a priority target area for Power Metallic to find more Cu-Ni mineralization.

The location of the anomaly, its large size, its proximity to subsidiary BHEM anomalies, and indications of mineralization (Holes PML-25-021, 035, and 038) are all positive supporting evidence for advancing this target. Power Metallic is currently assessing the logistically options for drilling into this anomaly, with the extension of PML-25-021, that sits at approximately 700m depth already, as a prime candidate for extension and testing of the BHEM panel. Power Metallic will update this target's advancement in the coming weeks.

QAQC and Sampling

GeoVector Management Inc ("GeoVector") is the consulting company retained to perform the actual drilling program, which includes core logging and sampling of the drill core.

All samples were submitted to and analyzed at Activation Laboratories Ltd ("Actlabs"), an independent commercial laboratory for both the sample preparation and assaying. Actlabs is a commercial laboratory independent of Power Metallic with no interest in the Project. Actlabs is an ISO 9001 and 17025 certified and accredited laboratories. Samples submitted through Actlabs are run through standard preparation methods and analysed using RX-1 (Dry, crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 μm) preparation methods, and using 1F2 (ICP-OES) and 1C-OES - 4-Acid near total digestion + Gold-Platinum-Palladium analysis and 8-Peroxide ICP-OES, for regular and over detection limit analysis. Pegmatite samples are analyzed using UT7 - Li up to 5%, Rb up to 2% method. Actlabs also undertake their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration.

GeoVector's QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results. QAQC and data validation was performed, and no material errors were observed.

Qualified Person

Joseph Campbell, P.Geo, VP Exploration at Power Metallic, is the qualified person who has reviewed and approved the technical disclosure contained in this news release.

About Power Metallic Mines Inc.

Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)—a high–grade Copper–PGE, Nickel, gold and silver system—toward Canada's next polymetallic mine.

On 1 February 2021, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX–V: CRE). Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li–FT Power, the Company now controls ~212.86 km² and roughly 50 km of prospective basin margins.

Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs.

Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50% share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on February 3, 2025.

It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdon of Saudi Arabia's JabalSaid Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit.

For further information, readers are encouraged to contact:
Power Metallic Mines Inc.
The Canadian Venture Building
82 Richmond St East, Suite 202
Toronto, ON

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, among others; the timing for various drilling plans; the ability to raise sufficient capital to fund its obligations under its property agreements going forward and conduct drilling and exploration; the timing for potential listing on NYSE; maintaining its mineral tenures and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations; future prices of copper, nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry.

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SOURCE Power Metallic Mines Inc.

FAQ

What did Power Metallic report for hole PML‑25‑029b at Lion (PNPNF)?

Hole PML‑25‑029b returned 20.40 m @ 3.58% CuEqRec including 4.40 m @ 14.34% CuEqRec.

How deep was PN‑24‑064 extended and what was found (PNPNF)?

PN‑24‑064 was extended to 1,347 m and BHEM modelling revealed the project's largest off‑hole conductor.

Does Power Metallic have funding and permits for further drilling (PNPNF)?

Yes; the company states it is funded for 2025–2026 programs and has drill permits for the Hydro Lands.

What were the results from the Nisk East holes PMN‑25‑005 to PMN‑25‑011 (PNPNF)?

Modest Ni‑Cu‑Pd mineralization was reported, including 4.00 m @ 2.34% CuEqRec in PMN‑25‑005; several holes had no significant results.

Did the Li‑FT acquisition holes return economic mineral values (PNPNF)?

All PMX holes intersected semi‑massive to massive sulphides but reported no significant metal values.

What is Power Metallic's near‑term plan for the large BHEM anomaly (PNPNF)?

The company plans to assess logistics and prioritize extensions of existing deep holes to test the BHEM panel when heavier rigs are mobilized in 2026.