Power Metallic Mines Inc. (TSX.V: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV1) has released final drill assay results from its winter program at the Lion Zone within the Nisk polymetallic project in Québec, highlighting high-grade near-surface copper mineralization that is expected to underpin the company’s initial NI 43-101 mineral resource estimate. The results, reported by Emily Jarvie of Proactive, include a 36.42-meter interval grading 2.83% copper equivalent, which contains a 6-meter subsection grading 12.38% copper equivalent. These infill drilling results have increased confidence in the geological model ahead of resource modeling.
The company anticipates completing and reporting initial mineral resource estimates for both the Lion and Nisk deposits by the end of July, which will serve as the foundation for a preliminary economic assessment. This milestone is crucial for advancing the project toward potential development. Additionally, shareholders approved all resolutions at the company’s annual meeting, including an amendment designed to align governance requirements with a potential future U.S. national stock exchange listing. This strategic move could broaden the company’s investor base and enhance liquidity.
Power Metallic is focused on advancing the Nisk Project Area, which includes the Nisk, Lion, and Tiger zones—a high-grade copper-PGE, nickel, gold, and silver system. The company originally secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. in February 2021. Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li-FT Power, Power Metallic now controls approximately 330 km² and roughly 50 km of prospective basin margins. The company is expanding mineralization at the Nisk and Lion zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs.
Beyond the Nisk Project Area, Power Metallic indirectly holds interests in significant land packages in British Columbia and Chile through its 50% share ownership in Chilean Metals Inc., which was spun out in February 2025. The company also owns 100% of Power Metallic Arabia, which holds a 100% interest in the Jabul Baudan exploration license in Saudi Arabia’s Jabal Said Belt. This property spans over 200 square kilometers in a region known for its high prospectivity for copper, gold, and zinc mineralization, including world-class volcanic massive sulfide deposits such as the Jabal Sayid mine.
For more information, visit the company’s website at https://www.powermetallic.com/.
