Power Nickel Inc (TSE:PNPN) has released an update.
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Power Nickel Inc. has successfully increased its stake in the Nisk Project to 80% after acquiring an additional 30% from Critical Elements Lithium, backed by the recent approval of their NI 43-101 Technical Report. The company reported high-grade assay results from the Nisk Main Nickel Sulfide zone and the Lion Zone, indicating significant multi-element mineralization which includes gold, silver, copper, palladium, platinum, and nickel. With plans in place to fund the project through to a Bankable Feasibility Study, Power Nickel aims to continue developing these discoveries with further drilling scheduled in the upcoming summer season.
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