Power Metallic Appoints Retired Federal Minister Seamus O'Regan to Board Former Minister of Energy & Natural Resources, Indigenous Services, Seniors, Labour, Veteran Affairs and Associate Minister of National Defence TORONTO
Power Metallic Appoints Retired Federal Minister Seamus
O'Regan to Board
Former Minister of Energy & Natural Resources, Indigenous Services, Seniors, Labour, Veteran Affairs and Associate
Minister of National Defence
TORONTO
,
Aug. 26, 2025
/CNW/ -
Power Metallic Mines Inc
.
(the "Company" or "Power Metallic")
(TSXV: PNPN) (OTCBB:
PNPNF) (Frankfurt: IVV)
Power Metallic
is pleased to announce the appointment of
Seamus O'Regan
to its board.
Seamus O'Regan Jr joined
Stewart McKelvey
,
Atlantic Canada's
largest law firm, in March of 2025 as Senior Business Advisor
following a distinguished career in politics and journalism. He was first elected Member of Parliament for St. John's
South-Mount Pearl
in 2015, and re-elected in 2019 and 2021.
He served as
Canada's
Minister of Energy & Natural Resources, overseeing
Canada's
first Critical Minerals Plan, the Critical Minerals
List, the National Hydrogen Plan, and the Small Modular 6Reactor Action Plan. He has served as Minister of Indigenous Services,
Minister of Labour, Minister for Seniors, Minister of Veterans Affairs and Associate Minister of National Defence.
O'Regan was born in
St. John's, Newfoundland
, and raised in Goose Bay,
Labrador
. He studied politics at
St. Francis Xavier
University
and University College,
Dublin
, and marketing strategies at INSEAD, near Paris. In 1999, he graduated Master of
Philosophy from the
University of Cambridge
, with a focus on Indigenous participation in large-scale natural resource development.
He began his career in the Government of
Newfoundland
and
Labrador
, first as executive assistant to Minister of Justice & Attorney
General
Edward Roberts
, then as policy director to Premier
Brian Tobin
. Seamus went on to work as a journalist, notably for a
decade as a host of CTV's Canada AM, the country's leading morning news program.
Seamus is a Fellow of the Royal Canadian Geographical Society, and has served on the Boards of World Wildlife Fund Canada,
Canada World Youth, Katimavik, The Company Theatre, and The Rooms. He is proud to have been an Ambassador for Bell Let's
Talk, removing stigma around mental illness.
"We are very pleased Seamus accepted our offer. His skillsets in government affairs particularly his time as Energy & Natural
Resources Minister and Minister of Indigenous Services will be very helpful as we look to guide our High Grade Polymetallic (Copper,
Platinum, Palladium, Gold, Silver, and Nickel) discovery "Nisk" at
Nemaska, Quebec
through exploration to development and what we
hope will be the world's first carbon neutral Polymetallic mine. Increasingly critical mineral projects like Nisk are becoming vital not only
for the economic output of the potential mine but the roles these materials play in the Defense, Industrial and AI infrastructure the
modern world requires. We look forward to utilizing the unique perspective and insights Seamus can provide", commented Power
Metallic CEO
Terry Lynch
.
"I'm excited about the Nisk discovery and how Power Metallic plans to bring this project to market.
Canada
is uniquely positioned to
lead the world in these types of developments given our incredible mineral wealth, expertise and geopolitical position. I look forward to
working with the Power Metallic team to make this project a reality", commented
Seamus O'Regan
.
Power Metallic is currently engaged in a 100,000 meter drill program. It currently has four rigs turning on the project with a fifth
expected to be added in early September. Initial results from the summer campaign are expected shortly and thereafter every 2-4
weeks through the end of the year.
Power Metallic has granted an aggregate of 1,150,000 incentive stock options at
$1.45
per share to Mr. O'Regan and certain officers
of the Company for exercise period upto five years from the date of grant.
About Power Metallic Mines Inc.
Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk–Lion–Tiger)—a high–grade
Copper–PGE, Nickel, gold and silver system—toward Canada's next polymetallic mine.
On
1 February 2021
, Power Metallic (then Chilean Metals) secured an option to earn up to 80% of the Nisk project from Critical
Elements Lithium Corp. (TSX–V: CRE). Following the
July 2025
purchase of 313 adjoining claims (~167 km²) from Li–FT Power, the
Company now controls ~212.86 km² and roughly 50 km of prospective basin margins.
Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged
land package through successive drill programs.
Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in
British Columbia
and Chile, by its
50% share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on February
3, 2025.
It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdon of
Saudi
Arabia's
JabalSaid Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for
copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class
Jabal Sayid
mine and the promising Umm and Damad deposit.
For further information, readers are encouraged to contact:
Power Metallic Mines Inc.
The Canadian Venture Building
82 Richmond St East, Suite 202
Toronto, ON
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements
This message contains certain statements that may be deemed "forward-looking statements" concerning the Company within the
meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential,"
"indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should"
occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or
realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not
limited to, among others; the timing for various drilling plans and timing for results to be reported; the ability to raise sufficient capital to
fund its obligations under its property agreements going forward and conduct drilling and exploration; to maintain its mineral tenures
and concessions in good standing; to explore and develop its projects; changes in economic conditions or financial markets; the
inherent hazards associated with mineral exploration and mining operations; future prices of nickel and other metals; changes in
general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the
Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if accepted, to obtain
such licenses and approvals in a timely fashion relative to the Company's plans and business objectives for the applicable project; the
general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that
could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key
management personnel and general competition in the mining industry.
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For further information:
For further information on Power Metallic Mines Inc., please contact: Duncan Roy, VP Investor Relations,
416-580-3862, [email protected]
CO: Power Metallic Mines Inc.
CNW 07:00e 26-AUG-25