In a compelling interview at PDAC 2024, Tracy Weslosky of InvestorNews caught up with Terry Lynch, CEO of Power Nickel Inc. (TSXV: PNPN | OTCQB: PNPNF), to discuss the company’s progress and the promising outlook of their operations. Power Nickel, a Canadian junior exploration company, is on a dedicated mission to develop the High-Grade Nisk project into Canada’s first Carbon Neutral Nickel mine. The company, which has successfully exercised options to increase its ownership in the Nisk project up to 80%, is looking forward as  the next commitment is the delivery of a NI-43-101 Technical report.

Lynch emphasized the technical aspects of the company’s recent strides, highlighting a major nickel sulfide discovery at the NISK site, with an initial NI-43-101 report showing 7.2 million tons. He detailed the exploration plans for 2024, noting that drilling has already yielded promising hits. Lynch expressed strong confidence in the exploration prospects, predicting significant growth potential for the project. He drew comparisons with other notable locations, stating, “We think Lynn Lake with 22 million tons and Voisey’s Bay with 140 million tons are indicators that we will be somewhere between there and who knows how big this thing can be.”

He also explained why Quebec is a prime location for exploring critical minerals, citing three major reasons: the pre-existing infrastructure, the province’s positive relationship with the First Nations, particularly the James Bay Cree, and the attractive fiscal incentives that effectively double the investment capital for exploration and development.

The interview further explored the nuances of the nickel market, where Lynch gave insights into the recent fluctuations and the differentiation between markets within the industry. He remarked on the resilience of nickel demand, despite challenges such as the pandemic and its impact on China’s real estate market. Lynch pointed out the importance of North American Class 1 nickel and the strategic advantage Power Nickel holds, supported by recent investments like Samsung’s in Canada Nickel, which underscore the market’s demand for such resources.

The conversation then shifted to the public’s perception and understanding of Power Nickel. Lynch expressed a wish for greater awareness of the company’s value, emphasizing its position as “the least expensive high-grade nickel sulfide exploration play in the world” and outlined the significant advantages of their potential mining operations in terms of cost and returns. As for the future, Lynch assured that Power Nickel will maintain its commitment to transparency, with upcoming updates on drilling, assays, and a feasibility study that promises to increase nickel recovery rates significantly and add value through the production of iron powder, a by-product of their unique refining process.

The recent news release on March 4, 2024, aligns with Lynch’s discussion, announcing a new discovery within the Nisk project that enriches its prospects. Power Nickel reported further drilling successes, notably intersecting a high-grade PGM (Platinum Group Metals) rich zone, potentially adding significant value to the project. This discovery came from hole PN-24-047, which followed up on the notable Wildcat high-grade PGM intersection and is set to be the basis for a more comprehensive understanding of the mineralization’s extent. Kenneth Williamson, Power Nickel’s VP of Exploration, reflected on this progress with optimism in this news release, stating, “We are even more encouraged to extend what appears to be a very high-grade PGM rich zone laterally from the initial discovery.”

Lynch’s interview and the news release both highlight Power Nickel’s proactive approach to exploration, and the technical advancements the company is making. With the expansion of the historical high-grade nickel-copper PGE mineralization at Nisk, Power Nickel is steadily positioning itself to become a key player in the nickel industry, as it works towards expanding the known high-grade zones and uncovering new potential deposits within its significant land holdings.

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About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on developing the High-Grade Nisk project into Canada’s first Carbon Neutral Nickel mine.

On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (CRE: TSXV). Subsequently, Power Nickel has exercised its option to acquire 50% of the Nisk Project and delivered notice to Critical Elements that it intends to exercise its second option to bring its ownership to 80%. The last remaining commitment to exercise the option was the delivery of a NI-43-101 Technical report which has now occurred. Power Nickel expects to complete the acquisition in February.

The NISK property comprises a significant land position (20 kilometers of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding the historical high-grade nickel-copper PGE mineralization with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.

In addition to the Nisk project, Power Nickel owns significant land packages in British Colombia and Chile. Power Nickel is expected to reorganize these assets in a related vehicle through a plan of arrangement.

Power Nickel announced on June 8, 2021, that an agreement had been made to complete the 100% acquisition of its Golden Ivan project in the heart of the Golden Triangle. The Golden Triangle has reported mineral resources (past production and current resources) in 130 million ounces of gold, 800 million ounces of silver, and 40 billion pounds of copper (Resource World). This property hosts two known mineral showings (gold ore and Magee) and a portion of the past-producing Silverado mine, reportedly exploited between 1921 and 1939. These mineral showings are Polymetallic veins containing quantities of silver, lead, zinc, plus/minus gold, and plus/minus copper.

Power Nickel is also 100 percent owner of five properties comprising over 50,000 acres strategically located in the prolific iron-oxide-copper-gold belt of northern Chile. It also owns a 3-per-cent NSR royalty interest on any future production from the Copaquire copper-molybdenum deposit sold to a subsidiary of Teck Resources Inc. Under the terms of the sale agreement, Teck has the right to acquire one-third of the 3-per-cent NSR for $3 million at any time. The Copaquire property borders Teck’s producing Quebrada Blanca copper mine in Chile’s first region.

To learn more about Power Nickel Inc., click here

Disclaimer: Power Nickel Inc. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

In a recent interview with InvestorNews host Tracy Weslosky, Power Nickel Inc.’s (TSXV: PNPN | OTCQB: PNPNF) CEO Terry Lynch discussed their recent announcement about raising C$2.75M at $0.90 per share, representing a significant premium to their existing share price.

Terry highlighted the significance of their partnership with CVMR Corporation, one of the world’s leaders in Nickel Powder, Wire, and Anode production, as Power Nickel moves into the next stage of Feasibility Study at their Nisk Nickel Sulfide Project in Quebec. Terry explains that their collaboration involves a feasibility study to process Power Nickel’s ore using CVMR’s Chemical Vapour Deposition process, the most environmentally friendly way to make Nickel.

Lynch stressed their commitment to creating Canada’s first carbon-neutral nickel mine. Their advantageous location near Hydro Quebec and presence of ultramafic tailings at NISK Project that can naturally sequester CO2 provide a foundation for sustainable operations. Lynch believes that clean nickel production from their NISK Project will command higher prices, contributing to increased revenue and profitability.

To access the complete interview, click here

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About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on high-potential copper, gold, and battery metal prospects in Canada and Chile.

On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (CRE: TSXV).

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 historical high-grade nickel-copper PGE mineralization with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.

Power Nickel announced on June 8^th, 2021, that an agreement had been made to complete the 100% acquisition of its Golden Ivan project in the heart of the Golden Triangle. The Golden Triangle has reported mineral resources (past production and current resources) in a total of 130 million ounces of gold, 800 million ounces of silver, and 40 billion pounds of copper (Resource World). This property hosts two known mineral showings (gold ore and Magee), and a portion of the past-producing Silverado mine, which was reportedly exploited between 1921 and 1939. These mineral showings are described to be Polymetallic veins that contain quantities of silver, lead, zinc, plus/minus gold and plus/minus copper.

Power Nickel is also 100-percent owner of five properties comprising over 50,000 acres strategically located in the prolific iron-oxide-copper-gold belt of northern Chile. It also owns a 3-per-cent NSR royalty interest on any future production from the Copaquire copper-molybdenum deposit that was sold to a subsidiary of Teck Resources Inc. Under the terms of the sale agreement, Teck has the right to acquire one-third of the 3-per-cent NSR for $3 million at any time. The Copaquire property borders Teck’s producing Quebrada Blanca copper mine in Chile’s first region.

To learn more about Power Nickel Inc., click here

Disclaimer: Power Nickel Inc. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.

In this InvestorIntel interview, Tracy Weslosky talks with Power Nickel Inc.’s (TSXV: PNPN | OTCQB: PNPNF) CEO Terry Lynch about discovering a new high-grade copper and PGM (platinum group metals) mineralized zone on their Nisk Project in Quebec, Canada. The new target area, called the “Wildcat” by the company, is 5km northeast of the main Nisk deposit, Terry discusses the “bonanza style results” with ‘significant’ amounts of platinum, palladium, and gold.

Terry goes on to talk about the competitive advantages of the Nisk Project being located in Quebec, Canada, with both Quebec and Canadian governments providing substantial incentives to explore for critical minerals and build mines.

Terry also talks about the significant growth in the nickel market driven by urbanization and electrification, particularly electric vehicles (EVs). With urbanization currently accounting for 70% of the nickel market from uses such as stainless steel, Terry discusses how electrification is expected to reach 50% of the nickel market by 2030.

Power Nickel is focused on delivering more drilling results in the coming months and is fully funded for exploration activities. Advanced exploration technologies, such as the recently completed airborne EM survey and the upcoming Ambient Noise Tomography work, will be used to find the nickel mineralizations faster.

To access the full InvestorIntel interview, click here

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About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on high-potential copper, gold, and battery metal prospects in Canada and Chile.

On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (CRE: TSXV)

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 historical high-grade nickel-copper PGE mineralization with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.

Power Nickel announced on June 8^th, 2021, that an agreement had been made to complete the 100% acquisition of its Golden Ivan project in the heart of the Golden Triangle. The Golden Triangle has reported mineral resources (past production and current resources) in a total of 130 million ounces of gold, 800 million ounces of silver, and 40 billion pounds of copper (Resource World). This property hosts two known mineral showings (gold ore and Magee), and a portion of the past-producing Silverado mine, which was reportedly exploited between 1921 and 1939. These mineral showings are described to be Polymetallic veins that contain quantities of silver, lead, zinc, plus/minus gold and plus/minus copper.

Power Nickel is also 100-percent owner of five properties comprising over 50,000 acres strategically located in the prolific iron-oxide-copper-gold belt of northern Chile. It also owns a 3-per-cent NSR royalty interest on any future production from the Copaquire copper-molybdenum deposit that was sold to a subsidiary of Teck Resources Inc. Under the terms of the sale agreement, Teck has the right to acquire one-third of the 3-per-cent NSR for $3 million at any time. The Copaquire property borders Teck’s producing Quebrada Blanca copper mine in Chile’s first region.

To learn more about Power Nickel Inc., click here

Disclaimer: Power Nickel Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

I find it sadly ironic that the Canadian Government, in an effort to compete with the U.S. Inflation Reduction Act (IRA), has found itself being held hostage by a car company that didn’t get similar incentives to what Volkswagen AG (Xetra: VOW3 | OTCPK: VWAGY) received a few weeks ago.

Stellantis N.V. (NYSE: STLA | Euronext Milan: STLAM | Euronext Paris: STLAP), along with its joint venture partner South Korea’s LG Energy Solution Ltd. (KSE: A373220), announced they will immediately halt construction on the C$5 billion electric vehicle battery plant being built in Windsor, Ontario, and will begin implementing their “contingency plans”.

In the Government’s defense, the Stellantis/LG deal was originally signed before the IRA was enacted, but you’d have to be completely oblivious to the ways of big business to think Stellantis wouldn’t be back at the table asking “what about us”?

My expectation is the Canadian Government will continue its policy of trying to “spend us rich” and will fold to the demands of Stellantis and anyone else who asks. As a taxpayer I’m ready to cry “uncle”, on the flip side, any and every publicly traded company out there should be doing their utmost to take advantage of the open wallets on both sides of the border and extract as much non-dilutive capital as they can get their hands on.

Power Nickel Delivers Drill Results

This brings me to some interesting comments in a Power Nickel Inc. (TSXV: PNPN | OTCQB: PNPNF) press release from two weeks ago. CEO Terry Lynch is quoted as saying:

“…we have benefited greatly by having our project in Quebec, where very favorable incentives exist for Critical Mineral projects like our NISK Nickel Sulfide project at Nemaska. The recent Quebec and Canadian budgets provide substantial incentives to explore Critical Minerals and build mines. Going forward, the new… incentives, could, for example, advance as much as US$200 million to building a $400 million Nickel Mine.”

All I can say is good on them, and go get it if you can.

In the meantime, news at Power Nickel is all about drill results from its 2022/23 drill program.

On April 27, 2023, the Company announced that it continues to confirm the presence of high-grade Ni-Cu-Co-PGE (nickel, copper, cobalt, platinum group metals) mineralization in the Main Zone of its Nisk project. In addition, step-out exploration drilling 800 meters (m) east of the Main Zone shows indications of a new Ni-Cu-Co-PGE zone within the same ultramafic sequence of rocks.

Highlights from the Main Zone include:

• Hole PN-23-023: 0.97% Ni, 0.45% Cu, 0.07% Co, 0.80 g/t Palladium, 0.27 g/t Platinum over 16.4m
• Hole PN-23-024: 0.57% Ni, 0.17% Cu, 0.04% Co, 0.47 g/t Palladium, 0.18g/t Platinum over 14.8m

Plus a new discovery 800m east of the Main Zone includes:

• Hole PN-22-020: 0.22% Ni, 0.42% Cu, 0.01% Co, 0.71 g/t Palladium, 0.31 g/t Platinum over 4.9m

Discovery of the Wildcat area, a new high-grade Cu-PGE zone

This news was followed up last week with another drill result and another new find where Power Nickel announced the discovery of a new high-grade Cu-PGE mineralized zone approximately 5km northeast of the main Nisk deposit.  Identified as “Wildcat” area, this target area was never previously drilled.

Highlights include:

• Hole PN-23-031A (see FIGURE 1 below): 1.47% Cu, 13.1 g/t Ag, 0.28 g/t Au, 5.71 g/t Palladium, 20.76 g/t Platinum over 7.75m

  • including 3.90% Cu, 25 g/t Ag, 0.52g/t Au, 19.97g/t Palladium, 90.60g/t Platinum over 1.75m

The Wildcat area represents an entirely new target to explore and is wide open laterally, along strike, and at depth. Of significance, this new discovery includes high-grade platinum and palladium associated with copper. Now all they need is some lithium and graphite (which have both been discovered in Quebec) and Power Nickel could become a one-stop shop for the battery plants being built in Canada.

Proposed divestiture to focus on nickel

An interesting sidebar for Power Nickel is the proposed divestiture of some or all of its other assets. Prior to the end of Q2/2023, the Company is planning to announce a proposed public spinoff of its B.C. Gold property, the Golden Ivan Project, located approximately 3 kilometers to the east of Stewart, BC in the heart of the Golden Triangle and its Chilean assets, which include a 3% NSR royalty interest on any future production, from the Copaquire copper-molybdenum deposit, that was sold to a subsidiary of Teck Resources Limited (NYSE: TECK | TSX: TECK.A | TSX: TECK.B).

Power Nickel (formerly called Chilean Metals) is 100 % owner of five properties comprising over 50,000 acres strategically located in the prolific iron-oxide-copper-gold belt of northern Chile.

Fully funded for drilling and exploration in 2023

It’s unclear (at least to me) if the spin-off will result in any capital flowing into Power Nickel’s coffers but that isn’t critical at present as the Company recently closed the final tranche of a private placement that raised a total of C$4.8 million. That leaves Power Nickel fully funded for its 2023 drill campaigns that will commence sometime around late July and target up to 15,000 meters.

Other near-term catalysts include the announcement of an Airborne EM survey and Metallurgical study for the Nisk Property over the next several weeks and plans to update the Project’s NI 43-101 resource estimate in Q2 or early Q3 this year.

Power Nickel trades at a market cap of C$35 million.

FIGURE 1: Stringers and massive chalcopyrite in DDH PN-23-031A

In this InvestorIntel interview during PDAC 2023, Byron W King talks to Power Nickel Inc.’s (TSXV: PNPN | OTCQB: PNPNF) CEO and Director Terry Lynch about an update on Power Nickel’s Nisk Project near James Bay, Québec with an updated resource targeted for July 2023. With mineralization for multiple battery metals including nickel, copper, cobalt, palladium, and platinum, Terry explains why the Nisk Project could be a low-carbon, environmentally friendly source of Class One nickel that is used in lithium-ion batteries.

With stainless steel currently being the primary demand driver for nickel, Terry goes on to discuss the growing nickel demand from the electric vehicles sector could be 50% of nickel demand by 2030. He adds, “Future is coming to nickel… just like lithium has taken off, nickel is going to take off.”

To access the full InvestorIntel interview, click here

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here.

About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on high-potential copper, gold, and battery metal prospects in Canada and Chile.

On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSXV: CRE)

The NISK property comprises a large land position (20 kilometers of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding its current high-grade nickel-copper PGE mineralization Ni 43-101 resource with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.

To learn more about Power Nickel Inc., click here

Disclaimer: Power Nickel Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

It is not often investors can invest in a junior mining company that not only plans to produce green metals such as nickel but also plans to use carbon credits along the way to offset their emissions while developing a project using the latest exploration technologies.

Today a company is doing just that and the company is Power Nickel Inc. (TSXV: PNPN | OTCQB: PNPNF).

On January 26, 2023, Power Nickel announced that it was purchasing Karbon-X’s carbon credits to offset its 2023 drill program emissions. Power Nickel CEO, Terry Lynch summarizes well stating:

“These offsets will neutralize the Diesel fuel we will use to drill approximately 40,000 metres of drilling. It symbolizes our goal of creating the world’s first carbon neutral Nickel mine at our Nisk Project in Nemaska, Quebec. … Miners are amongst the most environmentally friendly people I know and we need to start showing the world we can and will find responsible ways to find the materials needed to power the greening of our economy. This is a modest first step for us and I would hope other miners will follow our lead.“

Power Nickel aims to be Canada’s next low carbon high grade nickel mine

Power Nickel to use the latest exploration technologies to find high-grade nickel at their Nisk Project

In another positive sign that Power Nickel is a futuristic green company, the Company announced on January 31, 2023 a partnership with Fleet Space Technologies. Fleet Space Technologies is a developer and operator of a constellation of micro-satellites that delivers universal connectivity globally. Power Nickel will use Fleet Space Technologies’ innovative sound mapping technology to locate additional high-grade nickel sulfide deposits with a greater level of accuracy. The technology has already delivered promising results in exploration projects for high-grade nickel in Michigan and Minnesota. The announcement stated:

“The data can be used to develop a full 3D visualization of the subsurface down to 2 km depth. Fleet’s Geodes are up to 10x more sensitive than existing nodal geophones, leading to better accuracy and depth of results. The exploration team can get a clear, rich image of what resources may be below ground in a period that can be as short as four days.”

Update on drilling at Power Nickel’s flagship Nisk (nickel sulphide) Project

On January 12, 2023, Power Nickel reported: “Power Nickel extends PN-22-009 nickel mineralization from 25 to 40m” at their 80% owned Nisk Project in Quebec, Canada. Drill hole PN-22-009 assay resulted in 0.88% nickel (“Ni”), 0.56% copper(“Cu”), 0.06% cobalt (“Co”), 1.64 parts-per-million (“ppm”) palladium (“Pd”) and 0.15 ppm platinum (“Pt”) over 40.30 metres (“m”). The 0.88% nickel grade is reasonable, but key is the great by-products and the 40m drill length. The Company seemed excited by the results as it immediately announced a “quadrupling” of the 2022/2023 drilling program from 2,500m to 10,000m.

The drill program continues at Nisk with a goal to grow the resource and amend an NI 43-101 Technical Report that was released in July 2022. The Company is working to prepare an amended technical report as it was asked by regulators to conduct an updated metallurgical analysis and also fulfill the requirement for a new site visit to the Nisk Project by an author of the Technical Report.

The historic resource estimates at the Nisk project on the Company’s website are of historic nature and therefore caution is appropriate since these historic estimates cannot, and should not be relied upon, but are: Measured & Indicated Resource of 2.04 million tonnes at 1.05% Ni, 0.55% Cu, 0.07% Co, 1.03 g/t Pd, and 0.23 g/t Pt, and an Inferred Resource of 1.05 million tonnes at 0.81% Ni, 0.32% Cu, 0.06% Co, 1.06 g/t Pd, and 0.50 g/t Pt.

Power Nickel Nisk Main block model with further drill assay results due out soon

The next steps for Power Nickel include releasing drill assay results, the 2023 drilling campaign, amending & updating the NI 43-101 technical report due in Q2/2023 or early Q3/2023, gravity, seismic, and sound imaging data results on other pods across the property, and then to initiate a further 15,000m Phase 4 drill program.

Closing remarks

Power Nickel is not only delivering consistent drill results, the Company is adopting the latest exploration technologies and offsetting their emissions with carbon credits. ESG funds and investors looking for true green metals companies should take note.

Power Nickel trades on a market cap of approximately C$50 million. 2023 will be a very busy year with lots of news flow and what looks like a potentially growing resource. Stay tuned.

I’ve said it on numerous occasions that when it comes to junior mining stocks, I pay close attention when a company has a steady stream of drill results pending. It becomes even more interesting, when the miner is targeting a commodity in a jurisdiction that seems very committed to developing the full cycle of mining and development in its own backyard. It also doesn’t hurt when that jurisdiction also has some of the most abundant and low cost hydro power in the world to help make both the mining and upgrading as low carbon as possible. Hence, today we are going to look at a nickel explorer in the province of Quebec, which is very focussed on building out the Becancour area as an EV battery hub, preferably with locally sourced materials.

That sets the stage to discuss Power Nickel Inc. (TSXV: PNPN | OTCQB: CMETF), a Canadian junior exploration company focusing on nickel, copper, gold, and battery metal prospects in Canada and Chile. On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk nickel sulphide project from Critical Elements Lithium Corporation (TSXV: CRE | OTCQX: CRECF). The Nisk property comprises a large land position (20 kilometers of strike length) with numerous high-grade intercepts. Power Nickel is focused on confirming and expanding its current high-grade nickel-copper PGE mineralization historical resource by preparing a new Mineral Resource Estimate in accordance with NI 43-101, identifying additional high-grade mineralization, and developing a process to potentially produce nickel sulfates responsibly for batteries to be used in the EV industry.

There is already a historic resource estimate for the Nisk property but it isn’t NI 43-101 compliant. Thus, using Power Nickel’s disclaimer: “The resource estimates at the Nisk project are of historic nature and the Company’s geology team has not completed sufficient work to confirm a NI 43-101 compliant mineral resource. Therefore, caution is appropriate since these historic estimates cannot, and should not be relied on.” Thus you can review the following at your own risk.

However, the Company is working hard to both add to the above numbers and make them NI 43-101 compliant with its current drilling program, which was recently expanded. Back in September, Power Nickel announced approximately 5,500 meters of drilling aimed at infilling gaps within the defined resource area, with the expectation that the results from the historic drilling programs, its initial program in late 2021, the current drill program, and a new metallurgical study will enable the Company to prepare a new 43-101 which is expected in Q2 2023. Along the way, Power Nickel completed an over-subscribed non-brokered private placement which raised C$4.2 million. On the heels of raising a bunch of new working capital, not surprisingly, the Company added an additional 7,500 to 10,000 meters to that previously announced drill program. The plan is to keep drilling through mid-December and start up again in mid-January.

In the meantime, results are starting to roll out and Power Nickel CEO Terry Lynch stated “We continue to like what we see with our drilling program.” Initial drill results, announced November 28, confirm the presence of high-grade Ni-Cu-Co-PGE mineralization in the Nisk Main zone and extends mineralization by an additional 150 m at depth and to the east and below to the central portion. Highlights include:

• 25.86m @ 1.17% Ni, 0.80% Cu, 0.08% Co, 1.46 ppm Pd and 0.23 ppm Pt (PN-22-009)

  • And: 11.00m @ 1.50% Ni, 0.93% Cu, 0.10% Co, 1.85 ppm Pd and 0.36 ppm Pt

    • Including 1.80m @ 1.97% Ni, 0.41% Cu, 0.14% Co, 2.03 ppm Pd

Additionally, visual observations of the core confirm semi-massive to massive sulfide mineralization in holes PN-22-008, PN-22-010, PN-22-012 and PN-22-017. Results are now expected every two weeks or so until the end of February.

Perhaps Power Nickel will get a nice present from Santa Clause with some more drill results before Christmas. With a market cap of roughly C$22 million and a fresh C$4.4 million added to the Company’s working capital, they are well positioned to ring in the New Year with momentum on their side.

In this InvestorIntel interview, Tracy Weslosky interviews Power Nickel Inc.’s (TSXV: PNPN | OTCQB: CMETF) CEO Terry Lynch about their recently over-subscribed private placement and secures an update on the Nisk Project drill program. The Nisk Project, which is located in James Bay, Quebec, is a high grade nickel sulfide project – and to access the most recent drill results click here.

In this conversation Terry is asked about general market conditions in the resource sector and how it may be impacting the nickel sector. Reinforcing the importance of nickel and how it is classified as a critical mineral for the USA and Canada, he explains that nickel is used in the stainless steel sector and in lithium-ion batteries for electric vehicles. As a North American source of nickel with low carbon footprint, Terry discusses how Power Nickel is poised to benefit from high nickel demand.

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About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on high-potential copper, gold, and battery metal prospects in Canada and Chile.

On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (CRE: TSXV)

The NISK property comprises a large land position (20 kilometers of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding its current high-grade nickel-copper PGE mineralization Ni 43-101 resource with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.

To learn more about Power Nickel Inc., click here

Disclaimer:  Power Nickel Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

The search for battery metals in safe locations continues as companies see the tremendous demand curve ahead for these metals to supply the electric vehicle (EV) boom.

Today’s company is Power Nickel Inc. (TSXV: PNPN | OTCQB: CMETF), focused on their Canadian NISK project which contains nickel (Ni), copper (Cu), cobalt (Co), and some platinum group elements (PGE). They also have investments that give exposure to gold and copper projects in Canada and Chile, as well as a royalty agreement. Their projects and interests include the following:

• NISK nickel sulphide Project (option to acquire 80% from Critical Elements Lithium Corp.). Two tenements blocks located near James Bay in Quebec, Canada.
  
• Consolidation Gold & Copper (100% ownership with plans to be spun off) who owns 100% interest in the Golden Ivan Project in British Columbia’s Golden Triangle and also owns 100% interest in three projects in Chile. The Company also owns a 3% Copaquire Royalty on a copper-molybdenum deposit in Chile held by Teck Resources.

The NISK nickel sulphide project

The NISK property is composed of two blocks totaling 90 claims covering an area of 45.9 km2. The Property is currently known for its magmatic nickel-copper sulphide deposits. It holds the NISK-1 Ni-Cu-C0-PGE deposit. NISK has four distinct target areas covering over 7 kilometres of strike length.

The Project has a Historical Resource at the NISK-1 deposit from 2009 (usual cautions apply to historical resources) and Power Nickel is currently working towards completing an updated NI 43-101 compliant mineral resource. Based on the Historical Resource, grades were around 1% nickel, 0.53% copper, 0.06% cobalt, 0.91 g/t palladium, 0.29g/t platinum. The NISK-1 main deposit remains open to the East, West and at depth.

Location map of the NISK Property showing details of the Historical Resource

Source: Power Nickel company presentation

Power Nickel states: “Globally nickel sulphide deposits tend to exist as pods or as a string of pearls with each pearl representing a deposit. We believe this is what we have here at NISK and, with our actual understanding of the Nisk litho-structural setting, we expect a well-planned drill program to help expand beyond our first pearl at Nisk Main to hopefully other pearls located in our project land package…” It continues that “Nisk has four distinct target areas covering over 7 Kilometres of strike length. Our focus this round was on the Nisk Main target. Historically, we know globally these types of deposits typically have multiple pods. We are encouraged by what we see on Nisk Main and feel we can continue to build commercial tonnage there but we are also looking forward to exploring Nisk West and the two wildcat targets in subsequent drilling in Q2.”

The Project has road access and is traversed by the Hydro-Québec power line.

Closer location map view showing road access and power line traversing the Nisk-1 Property

Source: Power Nickel website

Power Nickel did announce their own new recent drill results on March 30, 2022, which included: PN–21–001 – 12.4 metres 0.82% Ni, 0.36% Cu, 0.09% Co, 0.69g/t Pd, 0.14g/t Pt from 149 m.

Power Nickel’s CEO Terry Lynch, commented: “These results are another positive indication that Nisk is a very exciting Nickel Sulphate discovery. Our objectives in this initial drill program conducted by Power Nickel were to produce enough drilling to allow us to establish a new NI 43–101 compliant resource to confirm and replace the historical resource, and to extend the known Nickel mineralization. We believe we have established the latter and expect to be able to deliver a NI 43–101 compliant Mineral Resource Estimate in Q2. Further, these results have made us confident enough to commence execution of an additional fully funded 5,000–meter drill program which we would expect to start later in Q2 after breakup.”

Closing remarks

While it is still early days for Power Nickel there are several promising signs for their Nisk Project. Quebec Canada is a premier location, there is road and power access, a poly-metalic deposit in sulphide ore exists with nickel, copper, cobalt, palladium, and platinum, there is a Historical Resource (not to be relied upon), and some good recent drill results. The upcoming Nisk Project NI 43–101 compliant Mineral Resource Estimate due in Q2, 2022 is the next milestone to watch out for.