Power Nickel Clarifies Press Release Dated April 15th TORONTO ,
Power Nickel Clarifies Press Release Dated April
15th
TORONTO
,
April 22, 2024
/CNW/ - Power Nickel Inc.
(the "Company" or "Power Nickel")
(TSXV: PNPN)
(OTCBB: CMETF) (Frankfurt: IVV) announces that as a result of a review by the British Columbia Securities
Commission, we are issuing the following news release to clarify our disclosure.
The Company is clarifying its
April 15, 2024
news release (the "Release"). The Release contained a Table 1 that
used the Company's assays to produce Metal Equivalent grades in Gold, Copper, Palladium and Platinum without
considering recoveries or other factors, that are considered potentially misleading.
Additionally a quote from Power Nickel CEO
Terry Lynch
in the Release provided an in-situ rock value. This rock
value is unsupported by a mineral resource estimate and an economic analysis. Power Nickel retracts this
statement from the Release and investors should not rely on it.
Qualified Person
Kenneth Williamson
, Géo, M.Sc., VP Exploration at Power Nickel, is the qualified person who has reviewed and
approved the technical disclosure contained in this news release.
About Power Nickel Inc.
Power Nickel is a Canadian junior exploration company focusing on developing the high-grade Nisk project into
Canada's
first Carbon Neutral Nickel mine.
The NISK property comprises a significant land position (20 kilometers of strike length) with numerous high-grade
intercepts. Power Nickel is focused on expanding the historical high-grade nickel-copper PGE mineralization with
a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for
adjacent potential Nickel deposits.
In addition to the Nisk project, Power Nickel owns significant land packages in
British Columbia
and
Chile
.
For further information, readers are encouraged to contact:
Power Nickel Inc.
The Canadian Venture Building
82 Richmond St East, Suite 202
Toronto, ON
Neither the TSX Venture Exchange nor it's 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 the Company to complete various
exploration or drill programs; raise sufficient capital to fund its obligations under its property agreements going
forward; 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 associates 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 or its projects.
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SOURCE
Power Nickel Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/April2024/22/c5641.html
%SEDAR: 00007586E
For further information:
For further information on Power Nickel Inc., please contact: Mr. Duncan Roy, VP
Investor Relations, 416-580-3862, [email protected]
CO: Power Nickel Inc.
CNW 14:27e 22-APR-24