Power Metallic Mines Inc. (TSXV: PNPN) (OTCQB: PNPNF) has executed a deal to acquire 100% of 313 mineral claims from Li-FT Power Ltd., expanding its Quebec land position by over 300% to 212.86 km². The newly acquired claims border the Company’s flagship Nisk Project, surrounding the high-grade Nisk, Lion, and Tiger polymetallic discoveries.
The expanded package gives Power Metallic control of ~20 km of strike along the northern basin and ~30 km on the southern margin—both highly prospective. The region is showing signs of developing into a major polymetallic district, with geological similarities to world-class systems like Noril’sk and Kevitsa.
Under the agreement, Power Metallic will pay $700,000 and issue 6 million shares, while Li-FT retains a 0.5% NSR. The share-based structure preserves capital for drilling.
The company also announced a fully funded 100,000-meter drill program through 2026, with rigs already active. Exploration efforts include regional EM surveys, geochemical mapping, and follow-up drilling to expand current discoveries and identify new zones.
“With this acquisition, we now control a district-scale system,” said CEO Terry Lynch. “We’re well-positioned to uncover new sulphide-rich zones and grow our resource base.” This move strengthens Power Metallic’s footprint as a leading explorer in one of Canada’s most promising battery metals regions.
In addition to Power Metallic Mines Inc. (TSXV: PNPN | OTCQB: PNPNF) momentum keep an eye on Magic Empire Global Ltd (NASDAQ: MEGL), Klotho Neurosciences Inc. (NASDAQ: KLTO), Marin Software Inc. (NASDAQ: MRIN), Evogene Ltd. (NASDAQ: EVGN), Peraso Inc. (NASDAQ: PRSO), Plug Power Inc. (NASDAQ: PLUG), MacroGenics Inc. (NASDAQ: MGNX)and Synergy CHC Corp. (NASDAQ: SNYR), as they are moving aggressively in pre-market trading today.
Power Metallic Mines Inc. (TSXV: PNPN | OTCQB: PNPNF) is gaining attention as a carbon-neutral explorer under C$2 CAD / $1 USD, targeting key zones—Lion, Nisk, Nisk East, and Tiger—in Quebec’s emerging polymetallic district.
With advanced drilling, a growing land package, and focus on high-demand metals like nickel, copper, gold, silver, PGEs, and battery minerals, the company is aligned with clean energy and national security trends.
As gold nears record highs and copper demand rises, Power Metallic stands out as a high-upside growth play in the critical minerals space.
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