POWER NICKEL ANNOUNCES CHANGE OF NAME TO POWER METALLIC MINES INC.
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.
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Rhea-AI Summary
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.
Positive
- High-grade polymetallic discovery at Nisk with significant copper, platinum, and palladium findings across 40 holes
- Extensive drilling program with hundreds of meters completed
Negative
- None.
Details
News Market Reaction – PNPNF
The recorded move for PNPNF in the trading session of this news was +6.89%.
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The Name Change will take effect at the start of trading on February 21, 2025, and the Company's common shares will trade under the new CUSIP/ISIN numbers 73929R105/CA73929R1055 and will continue to trade under the symbol "PNPN".
No transmittal process is required for the Name Change. Endeavor Trust Corporation is the Company's transfer agent for its common shares.
"Nickel isn't a four-letter word in
About Power Nickel Inc.
Power Nickel is a Canadian exploration company focusing on developing the High-Grade Nickel Copper PGM, Gold and Silver Nisk project into potentially
On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to
The NISK property comprises a large land position (20 kilometres of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding the high-grade nickel-copper PGM, Gold and Silver mineralization with a series of drill programs designed to test the initial Nisk discovery zone, the Lion discovery zone and to explore the land package for adjacent potential poly metallic deposits.
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. Such forward-looking statements include, without limitation, statements regarding the anticipated effective date of the Name Change, which is based on management's reasonable assumptions, estimates, expectations, analyses and opinions, but which may prove to be incorrect. Such factors, among others, include the ability to obtain required confirmation of eligibility of the new post-Name Change CUSIP/ISIN numbers from CDS Clearing and Depository Services Inc. and final approval from the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Power Nickel Inc.
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