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6 stories mentioning PNPN.VUpdated 20m ago

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Mining & Metals

Power Metallic Reports Additional Lion Zone Assays Ahead of Resource Estimate

Power Metallic Mines (PNPN.V) on Tuesday reported additional assay results from its winter 2026 drill program as it advances work toward an initial NI 43-101 mineral resource estimate for the Lion Zone at its Nisk Project in Quebec.The company said the mineral resource estimate is expected to be completed by the end of July and will form the basis of a preliminary economic assessment to begin thereafter.Among the latest results, drill hole PML-26-115 intersected 13.30 metres grading 3.98% recovered copper equivalent (CuEqRec) from about 25 metres below surface, while hole PML-26-105 returned 5.26 metres grading 8.45% CuEqRec at a depth of approximately 140 metres.

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Mining & Metals

Power Metallic Mines Closes C$28.2 Million Brokered Private Placement; Welcomes Eric Sprott as a New Shareholder

Power Metallic Mines (PNPN.V) on Wednesday its closed a best-efforts private placement that raised C$28.2 million, including a lead order from Eric Sprott.The company sold around 22.58-million shares priced at C$1.25 each in the financing.Eric Sprott, through his 2176423 Ontario Ltd. acquired 1.6 million shares for C$2.0 million, the company said.The company plans to use the proceeds to advance its flagship NISK Project in Quebec and its Jabul Baudan exploration license in Saudi Arabia, as well as for general working capital and corporate purposes.The company's shares were last seen up $0.05 to $1.13 on the TSX Venture Exchange.Price: $1.14, Change: $+0.06, Percent Change: +5.56%

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Mining & Metals

Power Metallic Mines Launches C$25 Million Common Share Private Placement

Power Metallic Mines (PNPN.V) is launching a "best efforts" private placement of up to 20 million of its common shares at C$1.25 per share, for gross proceeds of up to C$25 million, the company said late on Thursday.The company has entered into an agreement with Red Cloud Securities, under which Red Cloud will act as lead agent and sole bookrunner on behalf of a syndicate of agents for the offering.The agents have been granted an option, exercisable in full or in part up to 48 hours before the offering closes, to sell up to an additional 2.4 million shares at the offering price for up to an additional $3 million in gross proceeds.Net proceeds will be used to advance Power Metallic's flagship NISK project in Quebec and the Jabul Baudan exploration license in Saudi Arabia, as well as for general working capital and corporate purposes.The offering is scheduled to close on June 10, subject to certain conditions including TSX Venture Exchange approval.

$PNPN.V
Mining & Metals

Power Nickel Expands Exploration Program With Geophysical Surveys at Nisk Project

Power Nickel (PNPN.V) expanded its summer 2026 exploration program at the Nisk project in Quebec, it said on Wednesday.The company is deploying three advanced geophysical surveys to speed-up the hunt for deeper high-grade Ni-Cu-PGE mineralization, it said. It is planning an Ambient Noise Tomography (ANT) survey on the Nisk Far West target, completing a gravity survey over the Lion area, and completing a superconducting quantum magnetometer SQUIDs survey over the Lion area.Field mapping and prospecting of the large Nisk land package will begin following the winter snow melt and run-off, it said. Over the next two quarters of 2026, Power Metallic will be completing more than 30,000 meters of exploration drilling across the enlarged Nisk land package.Mobilization for this drill program is currently underway. A regional lake sediment survey will also be conducted this summer, it added.Shares of the company closed up 2% to $1.51 on Tuesday on the TSX Venture Exchange.

$PNPN.V
Mining & Metals

Power Metallic Employing New Tomography Imaging Program at Lion Zone Discovery

Power Metallic (PNPN.V) has engaged Ideon Technologies to activate a borehole muon tomography imaging program at the Lion Zone discovery within the Nisk project in Quebec, the company said on Wednesday.The Ideon REVEAL solution will generate a high-resolution, three-dimensional density model of the rock composition in and around the Lion deposit, a statement said.The program is structured in two stages: first, validating the Ideon density model against Power Metallic's existing 100-plus hole drill dataset at Lion; then applying the calibrated mineralization fingerprint to rank and test deep targets across the 330 km Nisk district scale property that are below 200 metres, the detection limit of conventional surface-based geophysical methods.The survey will map the density of over 55 million cubic metres of rock volume. The imaging program is planned to run for six months, with the option to extend to eight months if needed to optimize resolution and establish the Lion Zone ore signature. The end result will be a three-dimensional density model of the deposit.Power Metallic shares closed unchanged at $1.48 on Tuesday on the Toronto Stock Exchange.

$PNPN.V
Mining & Metals

Power Nickel Provides Additional Assays from Lion Zone in Quebec

Power Metallic Mines' (PNPN.V) latest drilling continued to define the high-grade Lion zone within the Nisk project in Quebec.Additional assays from a winter 2026 drill program include 17.45 meters of 9.47% copper equivalent and 39 m of 5.66% copper equivalent.The results will support a mineral resource estimate expected in the third quarter, the company said.More assays from the mineral resource estimate drilling and regional exploration are expected in the coming days and weeks, Power Metallic Mines said.

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