Member Posts > Power Nickel Inc. Becomes Power Metallic Mines Inc., Expanding Its Exploration Strategy
As part of a broader expansion plan, Power Nickel Inc. is now Power Metallic Mines Inc., effective February 21, 2025. This transformation reflects the company's transition into a multi-metal mining leader, with significant deposits of copper, PGEs, gold, silver, and nickel.
Stock Symbols Remain Unchanged
The company will continue trading as PNPN (TSX Venture) and PNPNF (OTCQB).
$50M Private Placement Secured
Investor demand led to an increase of $10 million in private placement funding, raising total proceeds to $50 million, backed by BMO and Hannam UK.
TSX Venture 50 Recognition Highlights Market Performance
With a 365% share price increase, Power Metallic Mines was recognized as the #1 mining stock and fourth overall in the 2024 TSX Venture 50.
2025: A Year of Major Growth
The company is doubling its exploration programs, with a primary focus on the Lion Zone discovery.

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