In Excess of 5.4 Million Indicated Tonnes Grading 1.05 % NiEq and 1.8 Million Inferred Tonnes Grading 1.35 % NiEq

Power Nickel Releases Initial NI 43-101 Resource on Nisk Project

Message: VIDEO - Power Nickel Reaches 4,000,000 Tonnes Of Nickel, With More To Come

Power Nickel has seized the opportunity to focus on Nickel and take first mover advantage in the rapidly evolving battery metals space. They acquired 80% of the Nisk project from Critical Elements Lithium Corp. (TSX-V:CRE) who own several mining properties in Quebec and are focused on lithium and their advanced exploration stage Rose Lithium-Tantalum project. Retaining 20% of a non-core asset is just good business.

Recognizing the opportunity that 80% ownership represents to a small cap company like Power Nickel is company changing.

Power Nickel is aiming to become Canada’s next low carbon high grade nickel mine, and they plan on doing this by growing and developing the NISK project.

Nickel plays a crucial role in lithium-ion battery chemistries used to power electric vehicles. Currently, 39% of Li-ion batteries contain nickel  and this is expected to rise to 58% by 2025.

This is creating demand for nickel, and here’s where their strategy comes into play.

The NISK property comprises a large land position that includes 20 kilometers of strike length with numerous historical high-grade Nickel intercepts & a historical 43-101. Located in Quebec, in a jurisdiction with a number of mining projects and improving infrastructure, Power Nickel conducted a 2021 drill program that encompassed  2400meters in a program that completed 2 objectives:

  • Confirm & expand high-grade nickel-copper PGE historic mineralization
  • Provide necessary info to update the 43-101

Power Nickel has now completed a very important component of their strategy by releasing a mineral resource that supports their vision of providing battery metals to a growth industry.

Have a listen to this great smallcap interview with Power Nickel CEO Terry Lynch as he walks shareholders through the company’s first ever resource estimate on the NISK Nickel project

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