https://newsletter.mw.creamermedia.com
Copper|Exploration|Flow|Gold|Platinum|Power|PROJECT|Flow|Drilling
Copper|Exploration|Flow|Gold|Platinum|Power|PROJECT|Flow|Drilling
copper|exploration|flow-company|gold|platinum|power|project|flow-industry-term|drilling

Power Nickel secures C$20m investment from leading investors

24th June 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Exploration junior Power Nickel has closed an over-subscribed flow-through offering, raising C$20-million at C$1.25 a unit. Each unit includes one flow-through common share and one-half of one share purchase warrant.

The financing round received strong backing from industry heavyweights Robert Friedland, Rob McEwen, CVMR and Terra Capital. These investors have shown confidence in Power Nickel’s potential, particularly its Nisk project, in Quebec, said CEO Terry Lynch.

“With this capital, we will be able to substantially increase our already very successful exploration efforts. We currently have one drilling rig targeting the extension of the Lion zone and soon we will have a second rig advancing the exploration programme developed by our team, with substantial guidance from Dr Steve Beresford.”

Power Nickel aims to develop the high-grade nickel copper, platinum group metals, gold and silver Nisk project into Canada's next polymetallic mine.

The Nisk property comprises a large land position with numerous high-grade intercepts. Power Nickel is focused on expanding the high-grade mineralisation with a series of drill programmes designed to test the initial Nisk discovery zone, the Lion discovery zone and to explore the land package for adjacent potential polymetallic deposits.

Beyond Nisk, Power Nickel holds land packages in British Colombia and Chile, with plans to reorganise these assets into a related public vehicle through a plan of arrangement.

Edited by Creamer Media Reporter

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 06 June 2025
Magazine round up | 06 June 2025
6th June 2025
This week: Following Shuka, two more JSE listings on way; Valterra Platinum makes its debut on the JSE; and, Key public-private direction missing in new draft Minerals Bill, Junior Indaba hears
Resources Watch
4th June 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.192 0.266s - 167pq - 2rq
Subscribe Now