Powering Ahead: Why Investors Should Pay Attention to Power Nickel

• Power Nickel (PNPN) is developing the Nisk project, a high-grade nickel sulfide project located in Quebec, Canada, with a historical resource of 3.1 million tons.
• After a 15,000-meter drilling program that ended in April, Power Nickel aims to update their resource to 8-10 million tons with about 1.5 percent nickel EQ, which would make it commercially viable.
• CEO Terry Lynch believes that the Nisk deposit is just the start, with potential for multiple pods as seen in other global nickel sulfide mines.
• Despite challenges in the market, the company's location in Quebec offers advantages like supportive government measures, favorable tax schemes, and infrastructure.

About Power Nickel

Power Nickel Inc. (TSXV: PNPN) is a Canadian nickel exploration company focused on advancing its flagship NISK project in Quebec. With over 15,000 meters of drilling completed in 2022 and plans to update the resource estimate in 2023, Power Nickel offers investors exposure to a potential large-scale, high-grade nickel sulfide deposit in a top-tier mining jurisdiction.

Interview with Chief Executive Officer, Terry Lynch

Progress at NISK

In a recent interview, Power Nickel CEO Terry Lynch provided insights into the company's progress and growth strategy. Located just south of James Bay in Quebec, the NISK project already hosts a historical resource of 3.1 million tons grading 1.5% nickel. "We would expect to update our 43 101 to a 8 to 10 million 10 resource of about 1.5 percent nickel EQ and that would be enough to make it commercial and that's when things get exciting in the nickel business," said Lynch.

With nickel demand surging thanks to electric vehicle adoption, Power Nickel aims to significantly expand the existing resource. Lynch explained that the deposit likely consists of multiple mineralized zones or "pods", and the current 15,000 meter drill program has tested the potential to the east, west and at depth. Assay results continue to impress, with highlights including 10m at 1.4% nickel, 0.9% copper and 0.09% cobalt.

Growth Potential

According to Lynch, the positive drill results combined with advanced exploration technologies could unlock substantial resource growth at NISK. The company plans to utilize innovative sound wave geophysical surveys that can "see through" sand cover to detect additional mineralized zones. This method has proven successful in similar covered terrains in Australia.

The goal is to deliver a much larger resource estimate in 2023, which Lynch believes could attract interest from strategic partners and industry players. The NISK project checks all the right boxes in terms of grade, scale potential and location.

Advantages of Quebec

"Quebec is an incredibly important and valuable jurisdiction because in addition to doing all the right things, they provide investment incentives," Lynch explained. With strong government support, robust infrastructure and abundant green power, Quebec offers a prime operating environment for battery metals miners.

Power Nickel is also utilizing advanced data analytics to pinpoint the most prospective areas. The vision is to transform NISK into a multi-million ton resource that can deliver nickel to meet growing demand.

Risks & Opportunities

Risks

• Exploration and mining projects have inherent risks - there are no guarantees of resource expansion or economic viability
• Power Nickel is still in the early exploration and resource delineation stage
• Further drilling and analysis is required to determine if a significantly larger resource can be delineated
• Development delays or disappointing results could negatively impact share price

Opportunities

• Successful exploration and resource expansion could present tremendous upside for early investors
• Most nickel sulfide deposits contain multiple zones - technology may help unlock this potential
• Current modest valuation leaves significant room for growth if execution meets objectives
• Strategic partnerships or acquisitions possible if asset continues to derisk and grow
• Scarcity value as quality nickel projects in top mining jurisdictions are rare
• Early entry rewards investors if resource keeps expanding and asset moves towards production
• Exposure to a potential world-class nickel sulfide deposit in the making

Upside for Investors

For investors, Power Nickel presents an intriguing nickel exploration play with significant upside potential. The current valuation remains modest with a market capitalization below $40 million Canadian, providing an attractive entry point. With drilling ongoing, a resource update expected in 2023 and plans to deploy innovative exploration technologies, Power Nickel is poised to unlock value at NISK. Now is the time for investors to pay attention.