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Power Metallic

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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.

Investor website: https://www.powermetallic.com/

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. The company controls approximately 330 km² and roughly 50 km of prospective basin margins, expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs. It also owns 100% of Power Metallic Arabia, which holds a significant exploration license in Saudi Arabia.

Verified company data

Cash position
$28.2 million
Shares outstanding
259.16
Fully diluted shares
303.86
Mineral resource
Mineral resources — Lion and Nisk Main, 2026 Independent estimate by SGS Canada, effective June 19, 2026, using drilling completed to April 19, 2026. Figures are project totals; Power Metallic holds an 80% interest. Reproduced from the Company's news release of September 8, 2026. #### Lion Deposit — cut-off 0.35% CuEq (open pit) / 0.90% CuEq (underground) | MINING METHOD | CLASS | TONNES | NI % | CU % | CO % | PT G/T | PD G/T | AU G/T | AG G/T | NIEQ % | CUEQ % | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Open pit | Indicated | 2,782,000 | 0.08 | 1.47 | 0.004 | 0.84 | 2.35 | 0.42 | 11.65 | 2.07 | 3.45 | | Inferred | 100,000 | 0.07 | 1.09 | 0.004 | 0.43 | 1.31 | 0.31 | 9.63 | 1.41 | 2.36 | | Underground | Indicated | 1,363,000 | 0.13 | 2.10 | 0.007 | 0.87 | 3.15 | 0.62 | 13.35 | 2.83 | 4.71 | | Inferred | 501,000 | 0.14 | 1.99 | 0.007 | 0.62 | 3.17 | 0.43 | 13.04 | 2.60 | 4.34 | 2026 Lion Deposit Mineral Resource Estimate, June 19, 2026. **Lion totals:** 4.145 Mt Indicated at 3.86% CuEq (1.68% Cu, 2.61 g/t Pd, 0.85 g/t Pt, 0.49 g/t Au, 12.21 g/t Ag, 0.10% Ni); 0.601 Mt Inferred at 4.01% CuEq (1.84% Cu, 2.86 g/t Pd, 0.59 g/t Pt, 0.41 g/t Au, 12.47 g/t Ag, 0.13% Ni). Over 85% of the Lion resource is classified as Indicated. Contained metal, Indicated (in situ): open pit 90.04 Mlb Cu, 210,000 oz Pd; underground 63.03 Mlb Cu, 138,000 oz Pd — before mining dilution, losses, recovery and payability. Inferred material excluded. #### Nisk Deposit — cut-off 0.30% NiEq (open pit) / 0.80% NiEq (underground) | MINING METHOD | CLASS | TONNES | NI % | CU % | CO % | PT G/T | PD G/T | AU G/T | AG G/T | NIEQ %* | CUEQ %* | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Open pit | Indicated | 607,000 | 0.60 | 0.35 | 0.039 | 0.08 | 0.49 | 0.03 | 2.19 | 1.01 | 1.68 | | Inferred | 210,000 | 0.54 | 0.22 | 0.035 | 0.07 | 0.48 | 0.03 | 2.04 | 0.86 | 1.44 | | Underground | Indicated | 2,096,000 | 0.96 | 0.53 | 0.061 | 0.21 | 0.91 | 0.04 | 2.00 | 1.65 | 2.75 | | Inferred | 1,806,000 | 0.98 | 0.57 | 0.063 | 0.26 | 1.05 | 0.03 | 1.57 | 1.73 | 2.89 | 2026 Nisk Deposit Mineral Resource Estimate, June 19, 2026. **Nisk Main totals:** 2.703 Mt Indicated; 2.016 Mt Inferred. *Nisk NiEq and CuEq are exclusive of gold and silver and use different recoveries from Lion; no blended deposit grade is shown. Basis of the estimate Prepared under NI 43-101 and CIM Definition Standards (2014). Marc-Antoine Laporte, M.Sc., P.Geo., of SGS Canada Inc. is the independent Qualified Person responsible for the Nisk and Lion Mineral Resource Estimates. Grades were estimated by inverse distance squared interpolation from capped composites within 3D resource domains built in Leapfrog Geo; the mineral resource is presented undiluted and in situ, constrained by a 3D grade control resource model, and is considered to have reasonable prospects for eventual economic extraction. Cut-offs: Lion 0.35% CuEq open pit / 0.90% CuEq underground; Nisk 0.30% NiEq / 0.80% NiEq. Metal prices (US$): Ni $8.00/lb, Cu $4.80/lb, Co $15.00/lb, Pt $1,400/oz, Pd $1,200/oz, Au $3,600/oz, Ag $38/oz. Recoveries — Lion: Ni 63%, Cu 98.5%, Co 70%, Pt 90%, Pd 92%, Au 84%, Ag 82%; Nisk: Ni 70%, Cu 44%, Co 79%, Pt 27%, Pd 67% (Au and Ag not considered). Open-pit and underground labels describe the constraints used to report resources, not an adopted mining sequence. All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding. Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. The estimate may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues. A technical report prepared in accordance with NI 43-101 in support of the MRE will be filed on SEDAR+ within 45 days of the September 8, 2026 news release. Historical — 2023 Nisk Main estimate (superseded) The November 2023 estimate for Nisk Main (in excess of 5.4 Mt Indicated at 1.05% NiEq and 1.8 Mt Inferred at 1.35% NiEq, at its own cut-offs and price assumptions) is superseded by the June 19, 2026 estimate above and is retained for reference only. See the 2023 news release and the 2023 technical report under Reports.
Projects
["NISK — not just a mine. A district to be discovered.\nStart with the story. Stay for the detail. The full drill data is one tab deeper — jump to it if that's what you came for.\n\n3 zones\nNisk Main, Lion and Tiger — three deposit styles, one system\n\n5.5 km\nof barely-drilled trend between Nisk Main and Lion\n\n+600%\nland growth in 2025 through staking and acquisition\n\n5 rigs\nturning now — summer assays from September 2026\n\nLAYER 1 · THE STORY\n\n## Three discoveries. One address.\n\nNISK began as a nickel deposit. Then the final hole of the winter 2023 program, 5.5 km to the northeast, hit something richer — and the project became a polymetallic district hunt. Deposits of this family (orthomagmatic — think Norilsk, Voisey's Bay) rarely come alone. Power Metallic holds 80% of the core Nisk claims, acquired from Critical Elements Lithium in April 2024, and controls a ~330 km² district with roughly 50 km of prospective basin margins.\n\nRESOURCE UPDATED 2026 · NICKEL-COPPER\n\nNisk Main\n\nThe foundation: 2.703 Mt Indicated and 2.016 Mt Inferred — nickel-copper with cobalt and PGEs.\n\n5.5 KM →\nopen trend\n\nINAUGURAL RESOURCE 2026 · CU-PGE\n\nLion\n\nThe showpiece: 4.145 Mt Indicated at 3.86% CuEq, plus 0.601 Mt Inferred at 4.01% CuEq — copper, palladium, platinum, gold and silver together. Starts at surface. Open at depth.\n\n700 M →\nstep-out\n\nEMERGING · NI-CU HYBRID · NO RESOURCE YET\n\nTiger\n\nThe proof of concept that Lion isn't alone: a third zone found by drilling borehole-EM conductors 700 m east of Lion, now being tested at depth."]
Leadership
Terry Lynch (CEO, Experienced leader in mining and exploration with a focus on advancing the Nisk Project.), Seamus O'Regan (Board Member, Former Minister of Energy & Natural Resources with a distinguished career in politics and journalism.), Christopher Beal (VP of Operations, Over 15 years of experience in mining operations and technology commercialization, previously CEO of NextOre.)

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