Power Metallic Hits High-Grade Copper at Nisk; Resource Estimate Imminent

Power Metallic Mines (TSX.V: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV1) has reported final drill assay results from its winter program at the Lion Zone within the Nisk polymetallic project in Québec. The results highlight high-grade near-surface copper mineralization, including 36.42 meters grading 2.83% copper equivalent, with a standout interval of 6 meters grading 12.38% copper equivalent. This infill drilling has increased confidence in the geological model ahead of the company’s initial NI 43-101 mineral resource estimate, which is expected to be completed by the end of July. The resource estimate will cover both the Lion and Nisk deposits, providing the foundation for a preliminary economic assessment. Additionally, shareholders approved all resolutions at the company’s annual meeting, including an amendment to align governance with a potential future U.S. national stock exchange listing, signaling ambitions for broader market exposure.

Power Metallic Mines is a Canadian exploration company focused on advancing the Nisk Project Area—a high-grade copper-PGE, nickel, gold, and silver system—toward becoming Canada’s next polymetallic mine. The company secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. in 2021 and expanded its land position in June 2025 by purchasing 313 adjoining claims from Li–FT Power, now controlling approximately 330 km² and 50 km of prospective basin margins. Beyond Québec, Power Metallic holds a 50% interest in Chilean Metals Inc., which owns significant land packages in British Columbia and Chile, and owns 100% of Power Metallic Arabia, which holds the Jabul Baudan exploration license in Saudi Arabia’s Jabal Said Belt, a region known for volcanic sulfide deposits.

This news was originally reported by Emily Jarvie of Proactive and disseminated via MiningNewsWire (“MNW”), a specialized communications platform within the Dynamic Brand Portfolio @ IBN. MNW focuses on developments in the global mining and resources sectors, offering services like press release enhancement and social media distribution. The full article is available at https://ibn.fm/aAZ0J. For more about Power Metallic, visit https://www.powermetallic.com/.