Member Posts > Power Nickel Transforms into Power Metallic Mines, Expanding Focus with $50 Million Investment
Power Nickel Inc. has announced its official rebranding to Power Metallic Mines Inc., effective February 21, 2025. This transformation marks a significant shift from a nickel-centric approach to a broader polymetallic mining strategy, driven by notable discoveries at the Nisk Project in Quebec. The new identity reflects the company's growing focus on high-grade copper, platinum, and palladium, alongside its existing interests in nickel, gold, and silver.
Expanding Beyond Nickel: A Strategic Move
The Nisk Project has delivered exceptional results, particularly in the Lion Zone, where drilling across 40 holes has uncovered substantial high-grade copper, platinum, and palladium mineralization. These discoveries have positioned Power Metallic Mines as a key player in the rapidly evolving critical minerals sector.
CEO Terry Lynch emphasized the importance of this shift, stating:
"Nickel isn't a four-letter word in North America, but it does not fully reflect the high-grade polymetallic discovery we have made at Nisk."
New Branding, New Website, New Era
To coincide with its rebranding, Power Metallic Mines will launch a new website, www.PowerMetallic.com, on February 21, 2025. This platform will serve as a hub for stakeholders, providing insights into the company's projects, strategic direction, and future growth plans.
$50 Million Private Placement to Drive Growth
To accelerate the exploration and development of its expanding polymetallic portfolio, the company has increased its private placement offering to $50 million. This funding will help advance the Nisk Project, positioning Power Metallic Mines to meet the increasing global demand for critical minerals essential to clean energy, EV batteries, and sustainable mining.

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