Power Nickel Announces Change of NAME to Power Metallic Mines Inc.
POWER NICKEL ANNOUNCES CHANGE OF NAME TO
POWER METALLIC MINES INC.
TORONTO
,
Feb. 19, 2025
/CNW/ - Power Nickel Inc. (the "
Company
" or "
Power Nickel
") (TSXV: PNPN) (OTCBB: PNPNF)
(Frankfurt: IVV0) is pleased to announce that it has received approval from the TSX Venture Exchange to change the Company's
name to "Power Metallic Mines Inc." (the "
Name Change
").
The Name Change will take effect at the start of trading on
February 21, 2025
, and the Company's common shares will trade
under the new CUSIP/ISIN numbers 73929R105/CA73929R1055 and will continue to trade under the symbol "PNPN".
No transmittal process is required for the Name Change. Endeavor Trust Corporation is the Company's transfer agent for its
common shares.
"Nickel isn't a four-letter word in
North America
but it also does not reflect the high grade polymetallic discovery we have made at
Nisk. The Lion Zones impressive high-grade Copper, Platinum and Palladium assays across now 40 holes and hundreds of meters
of drilling suggested a more compelling name was needed. So on
Feb 21
will launch our new web site.
www.PowerMetallic.com
and our new video and what we believe will become our most important phase of discovery yet. Welcome to Power Metallic Mines
Inc." Commented Power Nickel CEO
Terry Lynch
About Power Nickel Inc.
Power Nickel is a Canadian exploration company focusing on developing the High-Grade Nickel Copper PGM, Gold and Silver Nisk
project into potentially
Canada's
next poly metallic mine.
On
February 1, 2021
, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the
Nisk project from Critical Elements Lithium Corp.
The NISK property comprises a large land position (20 kilometres of strike length) with numerous high-grade intercepts. Power
Nickel is focused on expanding the high-grade nickel-copper PGM, Gold and Silver mineralization with a series of drill programs
designed to test the initial Nisk discovery zone, the Lion discovery zone and to explore the land package for adjacent potential poly
metallic deposits.
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. Such forward-looking statements include, without limitation, statements regarding the anticipated effective date of the Name
Change, which is based on management's reasonable assumptions, estimates, expectations, analyses and opinions, but which
may prove to be incorrect. Such factors, among others, include the ability to obtain required confirmation of eligibility of the new
post-Name Change CUSIP/ISIN numbers from CDS Clearing and Depository Services Inc. and final approval from the TSX
Venture Exchange.
Neither the 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.
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SOURCE
Power Nickel Inc.
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http://www.newswire.ca/en/releases/archive/February2025/19/c6072.html
%SEDAR: 00007586E
For further information:
Contact Information: Mr. Duncan Roy, VP Investor Relations, 416-580-3862, [email protected]
CO: Power Nickel Inc.
CNW 03:00e 19-FEB-25