Agoracom Blog

Power Nickel Says Nisk Nickel Project Is World’s Most Undervalued Project Of Its Kind

Posted by Nicole Rojas at 12:14 PM on Wednesday, October 25th, 2023

If you believe in the future of Nickel and Electric Vehicles, Power Nickel is an emerging growth company you need to start paying attention to. The company drilled one of the best nickel holes reported in recent history that included: 0.88% Ni, 0.56% Cu, 0.06% Co, 1.64 ppm Pd and 0.15 ppm Pt over 40.30m.

The NISK property comprises a large land position (20 kilometers of strike length) with numerous historical high-grade Nickel intercepts & historical 43-101 in a jurisdiction with infrastructure & 3 other battery Metal explorco’s

  1. Critical Elements – Probable 26.3m /t of 0.92% Li20 EQ & 138 PPB of (Tantalum)
  2. Galaxy Resources – James Bay – 40 300 000 Tonnes of 1.4% Li2O ( Lithium )
  3. Nemaska Lithium – Proven & Probable 37 000 000 @ 1.4 Li20 ( Lithium )

Upcoming 43-101 Report 

  • Targeting 8-10M Tons for 43-101 in Fall
  • Commercial Tonnage Status
  • Targeting 20-50M Tons Over Next 2 Years
  • Aiming to make NISK the world’s first Carbon Neutral Nickel Mine

Aiming to supply low carbon class 1 nickel to developing North American Electric Vehicle supply chain.

CVMR Investment to Fund Feasibility Program

CVMR will coordinate the production of advanced bench scale, piloting and engineering studies on the Nisk Nickel Sulfide project to determine project feasibility. The agreement is staged, allowing for Power Nickel and CVMR to work together on various stages of engineering studies.

25 Meters of Massive and Semi Massive Sulfides on 300 meters Step Out in First Hole

Earlier this fall, the company hit 25 metres of Massive and Semi Massive Sulfides on 300 metre Step Out in First Hole.

Power Nickel CEO Terry Lynch commented,

“Pretty as a picture. The Scientific team has done a terrific job using both traditional scientific tools like Gravity, IP, Airborne and Downhole EM together with the newer Ambient Noise Tomography to guide us to an exciting new growth zone for Nisk Main. This SE Trend is one of three we have identified at Nisk Main and all look very promising at depth and along strike” 

Power Nickel Secures $2 Million Financing Led By Mining Legend Rob McEwen

This significant investment demonstrates confidence in the future of Power Nickel. Rob McEwen, the legendary founder of Goldcorp and Chairman of McEwen Mining Inc., acquired 2,000,000 FT Units, representing approximately 1.4% ownership of Power Nickel. McEwen’s illustrious track record, including the discovery and operation of the Red Lake Mine acquired by Newmont Mining in 2019 for US$10 billion, brings invaluable expertise to this venture.

Exploring the Untapped Potential: 

The funds raised in this private placement will propel Power Nickel into a new realm of possibilities. The company will continue drilling through 2024, setting the stage for its inaugural NI-43-101 mineral resource report on the NISK property in November. This report is expected to showcase Nisk’s exceptional robustness and position Power Nickel as a leading player in the world of undeveloped high-grade Nickel sulfide projects. Within this category, Nisk is poised to become the world’s most undervalued project of its kind.

Now Sit back, relax and watch this power interview with Terry Lynch, CEO of Power Nickel Inc.


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