Member Posts > Power Metallic (formerly Power Nickel Inc.) Raises C$50 Million to Fast-Track Nisk Project Development
Power Metallic Mines Inc. has completed a C$50 million private placement, enabling aggressive drilling expansion at its Nisk Project. With three drill rigs actively exploring, the company aims to enhance resource estimates and secure new nickel deposits.
Investment Breakdown and Exploration Focus
• C$40M allocated for exploration.
• C$10M for corporate growth.
• Drilling expansion in Lion and Tiger Zones.
Pending TSX Venture Exchange approval, this financing will help drive Power Metallic's mission to establish a carbon-neutral nickel mining operation.

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