Power One Resources Strengthens Position in Rapidly Emerging Rare Earth District — 2025 Exploration Program Planned at Wicheeda North
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NEWS RELEASE TSX-V: PWRO
POWER ONE RESOURCES STRENGTHENS POSITION IN RAPIDLY EMERGING RARE EARTH
DISTRICT — 2025 EXPLORATION PROGRAM PLANNED AT WICHEEDA NORTH
Toronto, Ontario –May 8th, 2025 – Power One Resources Corp., (TSX.V: PWRO) (”Power One or
the Company”) is pleased to provide an update on its 100% -owned Wicheeda North Rare Earth
Element (REE) Project, strategically located within British Columbia’s rapidly emerging Rocky
Mountain Rare Metal Belt. The district is home to Defense Metals Corp.’s advanced -stage
Wicheeda REE deposit and other active exploration companies such as Apex Critical Metals. With
direct access to roads, hydroelectric power, and nearby rail and highways, Wicheeda North is a
premier early-stage REE asset with exceptional infrastructure advantages.
Strategic Location Along Trend of Defense Metals’ Wicheeda Deposit
The Wicheeda North Project lies approximately 10 km northwest and along trend from Defense
Metals Corp.’s Wicheeda REE Deposit. Notably, Power One’s 2019 soil geochemical program and
reinterpretation of historical airborne geophysics identified a possible northwest extension of the
Wicheeda mineralized system onto Power One’s ground. This continuity aligns with regional
structural and magnetic trends, reinforcing the property’s potential to host significant
carbonatite-hosted REE mineralization. As interest accelerates in securing domestic sources of
critical elements, Power One is exceptionally well positioned in this emerging exploration hotbed.
Neighboring Projects Demonstrate District-Scale REE Potential
The Wicheeda North Project is part of a rapidly evolving critical minerals corridor anchored by
several promising projects:
• Defense Metals Corp. – Wicheeda REE Deposit: Located just 10 km to the southeast, Defense
Metals’ flagship project hosts a NI 43-101 mineral resource estimate of:
• 5.0 million tonnes indicated at 2.95% TREO
Power One Resources Corp.
Suite 200 – 3310 South Service Road
Burlington, Ontario, L7N 3M6
TEL: (604)716-0551
Website: www.p1rc.com
Email: [email protected]
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• 29.5 million tonnes inferred at 1.83% TREO
The deposit contains high- value light REEs such as Neodymium (Nd) and Praseodymium (Pr),
essential for permanent magnets used in EVs and clean energy. Defense has completed extensive
drilling, metallurgy, and a robust PEA, establishing Wicheeda as one of C anada’s most advanced
rare earth assets. Reference www.defensemetals.com
• Apex Critical Metals – RC and Trident Projects: Apex is actively exploring several REE projects
across the belt, reporting encouraging early -stage geophysical and geochemical results. Their
focus on carbonatite and syenite -hosted systems continues to val idate the broader district’s
potential.
• Ucore Rare Metals Inc. – Bokan-Dotson Ridge Project (Alaska): Although geographically distant,
Ucore’s work on rare earth separation and refining infrastructure adds regional supply chain
relevance as North American processing capacity scales up.
With surrounding projects progressing, Power One’s strategic land position offers rare exposure
to a district poised for potential consolidation and discovery.
Infrastructure-Ready and Geologically Favourable
The 2,138- hectare Wicheeda North Project is situated in the Foreland Belt within the Rocky
Mountain Trench, underlain by sedimentary rocks of the Kechika Group —host rocks shared by
the Wicheeda deposit. The project is accessible seasonally by gravel roads and lies in close
proximity to hydro power lines, railway infrastructure, and major highways, significantly lowering
logistical costs for exploration and future development.
Project History and 2025 Work Program
Previous work on the property includes airborne geophysics and soil sampling in 2010, followed
by expanded geochemical work and reprocessed geophysics in 2019. Key outcomes from the 2019
program include:
• Grid A-North: Spot anomalies forming a potential north-south trend.
• Grid A-South: A strong cluster of 99th percentile Ce values, suggesting a southern extension.
• Grid D-South: A well-defined northwest-trending anomaly that remains open.
• Grid F: No significant anomalies.
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Map of the Power One’s Wicheeda Project, along the Rocky Mountain Rare Earth Metal Belt
Planned 2025 work includes:
1. Extending soil grids A-South and D-South to fully define the anomaly extents.
2. Expanding Grid A-North to the north to follow up on REE trends.
3. Completing a new airborne EM geophysical survey over untested southern claims.
4. Targeting trenching and drilling in areas of coincident anomalies.
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The Phase 1 exploration program has a proposed budget of $120,500, covering geophysical
surveys, sampling, fieldwork, logistics, and reporting.
Technical Oversight and Site Verification
Bob Lane, P .Geo., a veteran mineral exploration geologist with over 35 years of experience,
conducted field visits to the Wicheeda North Project during the 2019 exploration program. Lane
participated directly in soil sampling, prospecting, bedrock mapping, and geochemica l sampling
activities. His visits confirmed the property’s geological setting, bedrock characteristics, road
accessibility, and the reliability of historical exploration data.
Company in Discussions to Advance Project
Power One Resources is currently in discussions with several strategic groups to advance the
Wicheeda North Project. The company is exploring potential partnerships and financing options,
including joint ventures, to accelerate exploration and development activities. The company is
also actively engaging with initiatives to secure funding for its exploration programs and project
advancement.
Aligned with Canada’s Critical Minerals Strategy
The Government of Canada has identified rare earth elements as a top-priority resource under
its Canadian Critical Minerals Strategy, published in December 2022. With over $3.8 billion in
federal commitments supporting exploration, development, and processing capacity—including
the Strategic Innovation Fund and the Critical Minerals Infrastructure Fund—the government is
actively backing projects that can bolster secure, domestic supply chains.
References
•Government of Canada - Critical Minerals
https://www.ic.gc.ca/eic/site/125.nsf/eng/home
• Critical Minerals Infrastructure Fund:
https://www.nrcan.gc.ca/critical-minerals-infrastructure-fund/22744
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Qualified Person
Mike Kilbourne, P .Geo, an independent qualified person as defined by National Instrument 43-
101, has reviewed and approved the technical contents of this release.
About Power One Resources Corp.
Power One is a Canadian critical minerals exploration company focused on advancing assets
aligned with national supply chain priorities. Its flagship project, the Pecors Property near Elliot
Lake, Ontario, is a large-scale exploration target for nickel, copper, PGMs, and uranium,
anchored by a significant magnetic anomaly and historical drilling by Rio Tinto. The company
also holds the Wicheeda North Rare Earth Project in British Columbia, located adjacent to
Defense Metals REE Deposit. Together, these projects position Power One in two highly
prospective critical mineral regions central to Canada’s clean energy and defense strategies.
ON BEHALF OF THE BOARD
Power One Resources Corp.
Wazir Khan
Chief Executive Officer
Tel: +1 604 716 0551
Email: [email protected]
Forward-Looking Statements
This news release may contain forward looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological interpretations, receipt
of property titles, etc. Forward -looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.