Power Nickel Engages Jon Christian Evensen as Strategic Advisor
Rhea-AI Summary
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.
Positive
- Appointment of experienced advisor with proven track record in natural resources and capital markets
- Strategic advisor previously managed over $1 billion in mining investments at Luminus Management
- Lion Zone discovery at Nisk Project has developed into a globally significant polymetallic discovery
Negative
- None.
News Market Reaction
On the day this news was published, PNPNF gained 5.77%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Jon Christian "JC" Evensen will advise the board and management of Power Nickel on a variety of topics including but not limited to potential strategic transactions, capital markets, and maximizing the value of the company's assets for shareholders.
Terry Lynch, CEO of Power Nickel, commented, "As the Company looks forward from an exciting 2024 where the Lion Zone discovery turned the Nisk Project into a globally significant polymetallic discovery towards 2025, Power Nickel is excited to work with JC to realize the full potential of the Nisk Project and progress it forward for the benefit of all stakeholders."
Mr. Evensen has over a decade of experience in investment banking and investment management focused on natural resources.
He previously served as member of the Board of Directors for Patriot Battery Metals and is currently a Member of the Advisory Board for Pallas Resources as well as President of Low Carbon Royalties. In addition to these publicly disclosed roles, Mr. Evensen, as President of Eucalyptus Resources, provides advisory services to both select global institutional investors and companies involved in the natural resources industry.
While at Luminus Management, he built the metals & mining vertical to invest over
JC Evensen, commented, "I am excited to work with Terry and the entire Power Nickel team as they advance the exciting Lion discovery at the Nisk Project in
About Power Nickel Inc.
Power Nickel is a Canadian junior exploration company focusing on developing the High-Grade Nickel Copper PGM, Gold and Silver Nisk project into
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.
In addition to the Nisk project, Power Nickel owns significant land packages in
To obtain Power Nickel's Corporate Presentation, please use the link below:
http://powernickel.com/corporate_presentation.pdf
For further information, readers are encouraged to contact:
Power Nickel Inc.
The Canadian Venture Building
82 Richmond St East, Suite 202
Neither the TSX Venture Exchange nor it's 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 the Company to close the private placement or the second Nisk option or risk that such transactions do not close at all; raise sufficient capital to fund its obligations under its property agreements going forward; to maintain 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 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 Nickel Inc.
FAQ
Who is the new strategic advisor for Power Nickel (PNPNF)?
What is the significance of Power Nickel's (PNPNF) Lion Zone discovery in 2024?
What experience does JC Evensen bring to Power Nickel (PNPNF)?
