Power Metallic

Power Metallic. is a Canadian-based mining company focused on developing its flagship Nisk Project in Quebec, a high-grade polymetallic deposit containing nickel, copper, cobalt, palladium, and platinum. Positioned to become the "Canadian Norilsk," Power Metallic is advancing one of North America's most promising battery metal projects, aligning with the global push toward electrification and green energy solutions.

The company benefits from a strong asset base, including a 43-101 resource estimate of 7.1 million tonnes at 1.13% nickel equivalent (NiEq), with significant potential for expansion. Power Metallic's strategic location in Quebec provides access to a stable political and regulatory environment, government incentives covering up to 50% of exploration and development costs, and a hydroelectric power source for clean, cost-effective operations.

With backing from notable investors such as Robert Friedland and Rob McEwen, a fully funded exploration program through 2025, and a leadership team composed of experienced mining professionals, Power Metallic is well-positioned to capitalize on the growing demand for critical metals essential for the electric vehicle (EV) and renewable energy sectors.

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Power Metallic presents a compelling investment opportunity as a leading Canadian explorer of high-grade nickel sulfide deposits, a crucial component in the global battery metals supply chain. The Nisk Project stands out due to its combination of high-grade mineralization, scalability, and strong infrastructure advantages, making it one of the most promising nickel projects in North America.

Nickel demand is projected to surge with the rise of electric vehicles, energy storage solutions, and stainless steel production. Power Metallic’s focus on clean, high-quality nickel production positions the company as a key player in supplying the sustainable materials required for the global energy transition.

The company’s recent discoveries at the Lion Zone demonstrate significant exploration upside, with drilling results indicating higher-than-expected nickel and copper grades. An additional 30,000-meter drill program is underway, with regular news flow anticipated, providing strong catalysts for continued value growth.

With Quebec’s advantageous mining incentives, existing infrastructure, and Power Metallic’s commitment to carbon-neutral mining, the company is uniquely positioned to deliver long-term value for investors while advancing a project critical to the green economy.

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Power Metallic is led by an experienced team with a strong track record in mining exploration, project development, and corporate strategy.

Peter Kent – Chairman

With over 25 years of experience in corporate law and business strategy, Peter Kent previously served as Vice President, General Counsel, and Corporate Secretary at the TecSyn Group of Companies. He also practiced corporate law at Bassel Sullivan, specializing in complex business transactions.

Terry Lynch – Chief Executive Officer

A seasoned executive with a background in finance and resource development, Terry Lynch has led multiple mining ventures, including Firstgold Corp., where he secured a $26.5 million investment. He also co-founded Cardiol Therapeutics and was a partner at Kingsmill Capital Partners, advising early-stage growth companies.

Joe Campbell – Vice President, Exploration

With over 40 years of experience in geology and mineral exploration, Joe Campbell has held senior roles at major projects like Meliadine Gold. He specializes in resource estimation and economic assessments, bringing technical expertise to Power Metallic’s exploration initiatives.

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Power Metallic is executing a focused growth strategy aimed at advancing its flagship Nisk Project to production while maximizing exploration upside and maintaining a strong commitment to sustainability.

The company’s primary objective is to expand its high-grade nickel resource through aggressive drilling programs. With an additional 30,000 meters of drilling planned through 2025, Power Metallic is continuously increasing its resource base while refining its geological model to optimize future development.

Environmental responsibility is a core pillar of Power Metallic’s strategy. The company aims to achieve carbon-neutral mining by leveraging Quebec’s clean hydroelectric power, reducing its carbon footprint, and implementing environmentally friendly extraction methods.

Strategic partnerships play a key role in Power Metallic’s growth. The company has engaged with CVMR, a leading nickel processing firm, to explore advanced refining technologies that enhance metal recovery while reducing environmental impact. Additionally, Power Metallic is utilizing Fleet Space Technologies' Ambient Noise Tomography (ANT) to improve exploration accuracy and identify new high-grade nickel sulfide targets.

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Power Metallic is well-positioned financially to advance the Nisk Project through exploration and development, with a fully funded drilling program in place through 2025. The company has a strong capital structure, supported by notable investors and a commitment to disciplined financial management.

As of January 2025, Power Metallic’s share price stands at C$1.17, with a market capitalization of C$229 million. The company has 194.42 million basic shares outstanding and a fully diluted market capitalization of C$288.83 million. Additional funding flexibility is provided through 37.47 million outstanding warrants and 19.27 million options at an average exercise price significantly below the current market value.

Power Metallic’s share price has seen impressive growth, rising 387% year-to-date, outperforming key commodity benchmarks such as copper, nickel, platinum, and palladium. This reflects strong market confidence in the company’s exploration results, management execution, and overall project potential.

The company benefits from Quebec’s generous mining incentives, which cover up to 50% of exploration and development costs, significantly reducing capital requirements. This, combined with existing infrastructure near the Nisk Project, helps Power Metallic maintain a low capital intensity, ensuring an efficient path to development.

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Power Metallic is on the path to becoming a major player in the North American battery metals sector, with its flagship Nisk Project positioned as a high-grade, scalable nickel-copper-cobalt-PGE deposit in a premier mining jurisdiction. Backed by a fully funded exploration program, strong investor support, and a highly experienced management team, the company is advancing a critical resource essential to the global energy transition.

With a commitment to responsible mining, low-carbon hydropower access, and cutting-edge exploration technology, Power Metallic is dedicated to sustainable resource development. The company's strategic partnerships, including collaborations with CVMR for refining innovations and Fleet Space Technologies for advanced exploration, further enhance its competitive edge.

As the demand for nickel and battery metals surges due to the accelerating electric vehicle and clean energy revolution, Power Metallic presents a compelling investment opportunity with significant exploration upside, a strong financial position, and a clear path to production.

With a focused growth strategy, proactive risk management, and long-term vision, Power Metallic is well-positioned to deliver sustainable value to shareholders while playing a pivotal role in securing North America’s critical minerals supply chain.

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