# Power Metallic (TSXV:PNPN)

> 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.

## About

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 and the staking of land in the Lion Zone area (100 km²) the Company now controls 313 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.

## Key facts

- **Cash position:** not discovered
- **Shares outstanding:** 232.8mm
- **Fully diluted shares:** 282.17mm
- **Warrants:** 33.78mm
- **Options:** 17.55mm
- **Mineral resource:** Table 1: The 2023 Nisk Project Mineral Resource Estimate at a cut-off grade of 0.20% NiEq for the open pit potential and 0.55% NiEq for the underground portion

| Class | Potential Mining Method | In-Situ Grade | Calculated |
| --- | --- | --- | --- |
| Tonnage | Ni | Co | Cu | Pd | NiEq |
| --- | --- | --- | --- | --- | --- |
| Indicated | Open Pit | 519,000 | 0.63 | 0.04 | 0.30 | 0.56 | 0.84 |
| Underground | 4,910,000 | 0.78 | 0.05 | 0.42 | 0.78 | 1.07 |
| Inferred | Underground | 1,787,000 | 0.98 | 0.06 | 0.45 | 1.11 | 1.35 |
| Class | Potential Mining Method | In-Situ Material Content | Calculated |
| Tonnage | Ni | Co | Cu | Pd | NiEq |
| t | t | t | t | oz | t |
| --- | --- | --- | --- | --- | --- |
| Indicated | Open Pit | 519,000 | 3,300 | 200 | 1,600 | 9,400 | 4,400 |
| Underground | 4,910,000 | 38,300 | 2,400 | 20,500 | 123,100 | 52,300 |
| Inferred | Underground | 1,787,000 | 17,500 | 1,100 | 8,100 | 64,000 | 24,100 |

Notes:
- NiEq = Nickel Equivalent, Ni = Nickel, Cu = Copper, Co = Cobalt, Pt = Platinum, Pd = Palladium, Au = Gold, Ag = Silver, % = Percent, g = Gram, t = Metric tonne
- The information contained in the table above is derived from the technical report titled "[Amended and Updated NI 43-101 Technical Report and Updated Mineral Resource Estimate for the Nisk Project, Eeyou Istchee James Bay Territory, Québec](https://www.powermetallic.com/pdf/Technical_Report_NISK_43-101.pdf)" dated November 2023. The key assumptions, parameters, and methods used to prepare the mineral resource estimates are set out in the linked technical report.
- The independent qualified persons for the 2023 MRE, as defined by National Instrument ("NI") 43- 101 guidelines, are Pierre-Luc Richard, P.Geo. of PLR Resources. Jeffrey Cassoff, P.Eng. of BBA is the independent qualified person for the Pitshell analysis and cut-off grades calculation. Gordon Marrs, P.Eng. of XPS is the independent qualified person for Metallurgy and Smelter Costs. The effective date of the 2023 MRE is November 26, 2023.
- **Projects:** ["NISK: High-Grade Nickel, Copper, Cobalt and PGE Project\n**NISK** is a high-grade nickel-copper sulphide deposit with mineralizations for multiple battery metals including Nickel, Copper, Cobalt, Palladium and Platinum.\nLocated in Quebec, Canada NISK benefits from:\n- Generous tax credits that cover 50% of exploration costs\n- Hydro-Quebec substation across the road supplying low-carbon inexpensive hydropower\n- Stable political environment with strong government and first nation partners\n- Located beside major highway and nearby town\n- Shallow mineral depth\n\nThe Nisk Project is located approximately 55 km east from the Cree Nation of Nemaska Community in the Eeyou Istchee James Bay territory of Quebec, Nord-du-Québec administrative region, 283 km north-northwest from the town of Chibougamau, QC and 425 km northeast from the town of Matagami, QC.\nThe project consists of a total of 90 claims covering an area of 4589.11 Ha. On December 22, 2020, Power Metallic (formerly Power Nickel) entered into an option agreement with Critical Elements to acquire an initial 50% interest in the Nisk Project (the “First Option”). Upon completion of the terms of the First Option, Power Metallic has a Second Option (the “Second Option”) to increase its interest from 50% to 80% by incurring or funding additional work. Power Metallic shall act as the operator and shall be responsible for carrying out and administering the work expenditures on the Nisk Project. The terms of this option agreement are outlined in detail in item 4.3 of this report.\nOn July 31, 2023, Power Metallic announced that it had fulfilled the requirements for and exercised the First Option and taken on a 50% interest in the property.\nMost of the claims are subject to 1.4% - 3.0% NSR royalties with a 1% buyback for $1,000,000 from four (4) different individuals. A total of seven (7) claims have no royalties, twenty-six (26) claims have a 1.4% royalty, forty-four (44) claims have a 2% royalty, and thirteen (13) claims have a 3% royalty. The claims covering the area of the MRE have a 2% NSR royalty."]
- **Leadership:** Terry Lynch (CEO, Experienced leader in the mining sector with a focus on exploration and development.), Joe Campbell (VP Exploration, Industry veteran with over 40 years of experience in major projects, including roles as Chief Geologist and Project Manager.), Seamus O'Regan (Board Member, Former Minister of Energy & Natural Resources with extensive experience in government affairs and natural resource development.), Jon Christian Evensen (Strategic Advisor, Over a decade of experience in investment banking and investment management focused on natural resources.)

_Verified data last updated: 2026-08-14_

## Recent filings

- 2026-07-30 — press_release — [pnpn_2026-07-30_09-16-01.pdf](https://ai-chat-dev-red.vercel.app/pnpnf/preview/100869?documentId=100869)
- 2026-07-15 — press_release — [pnpn_2026-07-15_10-28-29.pdf](https://ai-chat-dev-red.vercel.app/pnpnf/preview/72323?documentId=72323)
- 2026-06-25 — press_release — [pnpn_2026-06-25_10-25-55.pdf](https://ai-chat-dev-red.vercel.app/pnpnf/preview/58985?documentId=58985)
- 2026-06-23 — press_release — [pnpn_2026-06-23_10-24-01.pdf](https://ai-chat-dev-red.vercel.app/pnpnf/preview/58986?documentId=58986)
- 2026-06-16 — other — [pnpn_2026-06-16_18-34-57.pdf](https://ai-chat-dev-red.vercel.app/pnpnf/preview/58987?documentId=58987)
- 2026-06-10 — other — [pnpn_2026-06-10_22-42-31.pdf](https://ai-chat-dev-red.vercel.app/pnpnf/preview/58988?documentId=58988)
- 2026-06-10 — press_release — [pnpn_2026-06-10_12-28-42.pdf](https://ai-chat-dev-red.vercel.app/pnpnf/preview/58989?documentId=58989)
- 2026-06-05 — other — [pnpn_2026-06-05_21-21-59.pdf](https://ai-chat-dev-red.vercel.app/pnpnf/preview/58990?documentId=58990)

## Investor FAQ

### [Latest News](https://ai-chat-dev-red.vercel.app/pnpnf/faq/latest-news)

Not disclosed in available filings.

### [Projects Overview](https://ai-chat-dev-red.vercel.app/pnpnf/faq/projects-overview)

Power Metallic is focused on the Nisk Project Area, which includes high-grade Nickel, Copper, Cobalt, and PGE deposits. The project is located in Quebec, Canada, and consists of 90 claims covering an area of 4589.11 Ha. The company is also expanding its mineralization at the Nisk and Lion discovery zones and exploring the Tiger target.

## Live AI chat

- https://ai-chat-dev-red.vercel.app/pnpnf/chat
- Investor website: https://www.powermetallic.com/