Mike Fagan,
Editor
Jan. 27, 2026
Power Metallic Mines Inc. (TSX-V: PNPN)(OTC: PNPNF) — currently trading around C$1.50 per share in a record metals market — is advancing a district-scale polymetallic discovery at the flagship Nisk project in Quebec, Canada.
Nisk is a near-surface high-grade copper, PGE (platinum, palladium), nickel, gold, and silver system being advanced through drilling in one of North America’s most favorable mining jurisdictions.
Importantly, mineralization at Nisk begins near surface, supporting strong development optionality as drilling continues to define scale and continuity.
Power Metallic recently increased its land position at Nisk by 600% via the acquisition of 313 mineral claims totalling 167 sq km from Li-FT Power plus additional claims from Hydrolands and others — making Nisk a true district-scale exploration and discovery play with multiple targets now advancing in parallel.
Recent drill results from summer 2025 drilling at the Lion Zone produced a number of exceptionally high-grade intercepts, including:
- 22.66 meters of 4.57% CuEq, including 6.05 meters of 9.70% CuEq in Hole-020
- 28.0 meters of 4.28% CuEq, including 3.4 meters of 15.45% CuEq in Hole-015
- 5.35 Meters of 11.97% Cu (16.35% CuEqRec) in Hole 25-022
- 4.40 Meters of 12.18% Cu (14.34% CuEqRec) included within 20.40 Meters of 2.91% Cu (3.58% CuEqRec) in Hole 25-029b
Preliminary metallurgical test results performed by SGS Canada on samples from the Lion Zone produced high recoveries of copper (98.9%), palladium (93.9%), platinum (96.8%), gold (85.0%) and silver (88.9%), exceeding the company’s most optimistic estimates for metals recovery prior to the testwork.
Following a very successful 2025 campaign, winter 2026 drilling is now ramping up from 3 rigs to a minimum of 5 rigs with Power Metallic targeting ~35,000 meters between now and the end of April.
In addition to drilling at the Nisk and Lion discovery zones, the company will be drill-testing the high-priority Tiger Deep target (see below) to the east of Lion.
Tiger Deep represents one of the largest EM panels identified to date at Nisk — larger than the original Lion airborne VTEM panel — with drill-testing aimed at proving continuity of mineralization across a wider, potentially district-scale footprint.
Power Metallic is well cashed-up with approximately C$33 million in the treasury — including strategic investments by Robert Friedland, Rob McEwen, and Gina Rinehart, providing both capital and technical validation — with ongoing warrant exercises set to provide additional cash to fund winter 2026 exploration and drilling.
Power Metallic has also announced its intent to list on the NYSE to expand access to a broader base of US institutional capital.
For a much deeper dive, and with copper, palladium, platinum, gold, and silver all trading at or near all-time highs, our own Gerardo Del Real of Junior Resource Monthly and Nick Hodge of Underground Alpha sat down with Power Metallic Mines CEO Terry Lynch for a detailed look at the initial discovery at Nisk and the momentum building via the drill-bit as we kick off 2026 in earnest. Please enjoy!
For additional information on Toronto-based Power Metallic Mines Inc., contact Duncan Roy at the company’s IR department directly at 416-580-3862 or via email at duncan@powermetallic.com.
Sign up to receive updates directly from Power Metallic Mines. View the Corporate Presentation here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Power Metallic Mines
IMPORTANT DISCLAIMER & DISCLOSURES
Resource Stock Digest, as a publisher, is not a broker, investment advisor, or financial advisor in any jurisdiction.
Please do not rely on the information presented by Resource Stock Digest as personal investment advice.
If you need personal investment advice, kindly reach out to a qualified and registered broker, investment advisor, or financial advisor.
The communications from Resource Stock Digest should not form the basis of your investment decisions. Examples we provide regarding share price increases related to specific companies are based on randomly selected time periods and should not be taken as an indicator or predictor of future stock prices for those companies.
Power Metallic Mines has sponsored this report.
The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter. Neither Resource Stock Digest nor any employee of Resource Stock Digest is registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. Resource Stock Digest, its owners, directors, and employees are also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.
HIGHLY BIASED:
In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Resource Stock Digest has received cash compensation from Power Metallic Mines and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the companies' SEDAR and SEC filings, press releases, and risk disclosures. The information contained in our profiles is based on data provided by the companies, extracted from SEDAR and SEC filings, company websites, and other publicly available sources.
Resource Stock Digest, and its owners, directors, employees, and members of their households may own shares of Power Metallic Mines. Therefore, Resource Stock Digest is extremely biased. Measures are in place such that no shares will be sold during the active awareness campaign.
HIGH RISK:
The securities issued by the companies we feature should be seen as high risk; if you choose to invest, despite these warnings, you may lose your entire investment. You must be aware of the risks and be willing to accept them in order to invest in financial instruments, including stocks, options, and futures.
NOT PROFESSIONAL ADVICE:
By reading this, you agree to all of the following: You understand this to be an expression of opinions and NOT professional advice. You are solely responsible for the use of any content and hold Resource Stock Digest, and all partners, members, and affiliates harmless in any event or claim. While Resource Stock Digest strives to provide accurate and reliable information sourced from believed-to-be trustworthy sources, we cannot guarantee the accuracy or reliability of the information. The information provided reflects conditions as they are at the moment of writing and not at any future date. Resource Stock Digest is not obligated to update, correct, or revise the information post-publication.
FORWARD-LOOKING STATEMENTS:
Certain information presented may contain or be considered forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in these statements. There can be no assurance that any such statements will prove to be accurate, and readers should not place undue reliance on such information. Resource Stock Digest does not undertake any obligations to update the information presented or to ensure that such information remains current and accurate.