Power Metallic CEO sees low costs despite lower first tonnage at Lion in Quebec

Power Metallic CEO sees low costs despite lower first tonnage at Lion in Quebec

Power Metallic Mines (TSXV: PNPN; US-OTC: PNPNF) CEO Terry Lynch says the first resource at its Lion polymetallic deposit in Quebec came in lighter than expected, but development costs should...

Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential

/PRNewswire/ -- Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to announce an updated...

Release - Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential - Channelchek

Power Metallic Mines Inc. (the “Company” or “Power Metallic”) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) is pleased to announce an updated Mineral Resource Estimate (“MRE”) for its Nisk Project (Power Metallic 80% / Critical Elements Lithium Corp. 20%) in the Eeyou Istchee James Bay territory of Québec, including the inaugural mineral resource for the Lion Zone and an updated mineral resource for the Nisk Main deposit. The MRE was prepared by…

Power Metallic Mines Inc. (TSXV:PNPN) - Maiden Lion MRE Comes in Light but Sets the Stage for Growth - Research Portal

Power Metallic (PNPN) released a maiden MRE on the Lion Zone along with an updated resource on the Nisk zone for its 80%-owned NISK project in Québec. The combined MRE now stands at 9.5Mt (6.8Mt indicated & 2.6Mt inferred) grading 3.25% CuEq for 677.1Mlb of CuEq. In our view, while the MRE likely came in more modest than what many investors would have liked, we believe the combined Nisk and Lion Zones have the potential to support a modestly sized but profitable mine given their grades, metallurgy, favourable geometry, and still decent scale. Additionally, geologic evidence points to the potential of a much larger nickel rich deposit somewhere in the area, and the Company is applying best-in-class exploration techniques in order to target this geologically complicated environment. Metallurgical test work has also returned excellent recoveries, several critical mineral incentives are available, including a 30% refundable tax credit on the capital cost of new equipment, and PNPN has the advantage of excellent infrastructure including road access, available hydro power 5km from the property, an airport within 30km of the property, and the community of Nemaska is only 51km by road from the property. While finding the prize deposit might take some time, we believe the current MRE as it stands would support a commercial mining operation and will only grow from here.

Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential - News Direct

Toronto, Sept. 8, 2026, 8th September 2026, NewsDirect

Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential - PressReach

Lion at a Glance ~406Mlb contained CuEq | ~3.9% CuEq | >85% Indicated | Starts at surface |~59% of tonnes within open-pit resource | >98% Cu recovery | 25%+ Cu concentrate | MRE cut-off April 19| 5 rigs active| Post cut-off deep drilling not included | Assays expected by end of September TORONTO, Sept. 8, 2026 — Power Metallic Mines Inc. (the “Company” or “Power Metallic”) (TSXV:PNPN) (OTCBB:PNPNF) (Frankfurt: IVV1) is pleased to announce an upd…