TORONTO, February 19, 2025 – Power Nickel Inc. (the “Company” or “Power Nickel“) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV0) is pleased to announce TSX Venture Exchange approval for its name change to “Power Metallic Mines Inc.” (the “Name Change“).
The Name Change becomes effective at the market open on February 21, 2025. The Company’s shares will trade using new CUSIP/ISIN numbers (73929R105/CA73929R1055) but retain the “PNPN” symbol.
This Name Change requires no shareholder action. Endeavor Trust Corporation serves as the Company’s transfer agent.
“While ‘Nickel’ isn’t a problem word in North America, it doesn’t fully represent our high-grade polymetallic discovery at Nisk. The Lion Zone’s impressive high-grade Copper, Platinum, and Palladium assays—from 40 holes and hundreds of meters of drilling—indicated a more fitting name. February 21st marks the launch of our new website, video, and what we expect to be our most significant discovery phase. Welcome to Power Metallic Mines Inc.,” stated Power Nickel CEO Terry Lynch.
About Power Nickel Inc.
Power Nickel, a Canadian exploration company, is focused on developing the High-Grade Nickel Copper PGM, Gold and Silver Nisk project into a potential new polymetallic mine in Canada.
On February 1, 2021, Power Nickel (formerly Chilean Metals) acquired an option for up to 80% ownership of the Nisk project from Critical Elements Lithium Corp.
The NISK property is extensive (20 kilometers of strike length) with numerous high-grade intercepts. Power Nickel aims to expand the high-grade nickel-copper PGM, Gold and Silver mineralization through drilling programs targeting the initial Nisk discovery zone, the Lion discovery zone, and exploring the broader land package for additional polymetallic deposits.
Cautionary Note Regarding Forward-Looking Statements
This release includes “forward-looking statements” as defined by securities laws. Forward-looking statements are not historical facts and often include words like “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “indicates,” “opportunity,” “possible,” and similar expressions, or statements that events or conditions “will,” “would,” “may,” “could,” or “should” occur. These statements, such as the anticipated Name Change effective date, are based on management’s assumptions, but may prove inaccurate. Factors that could affect these statements include obtaining confirmation of the new post-Name Change CUSIP/ISIN numbers from CDS Clearing and Depository Services Inc. and final TSX Venture Exchange approval.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Power Nickel Inc.
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