Power Nickel Inc ( (TSE:PNPN) ) has shared an announcement.
Power Metallic Inc. has announced an expansion of its exploration efforts at the Nisk project, increasing its drilling rigs from three to six by June 2025. With a budget exceeding C$40 million, the company aims to drill approximately 100,000 meters over the next 21 months, focusing on extending zones in the Lion and Tiger areas and exploring new targets. The expansion is expected to accelerate exploration progress and potentially enhance the company’s resource base, positioning it strongly within the mining sector.
More about Power Nickel Inc
Power Metallic Inc. operates in the mining industry, focusing on exploration and development of polymetallic deposits. The company is engaged in expanding its exploration activities, particularly in the Nisk project, targeting resources such as copper and nickel.
YTD Price Performance: 48.60%
Average Trading Volume: 631,087
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$352.9M
For a thorough assessment of PNPN stock, go to TipRanks’ Stock Analysis page.