Power One Announces Warrant Extension and Repricing
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NEWS RELEASE TSX-V: PWRO
POWER ONE ANNOUNCES WARRANT EXTENSION AND REPRICING
Burlington, ON, January 22, 2026 – Power One Resources Corp . (PWRO: TSX-V) (“Power One”
or the “Company”) announces that the Company intends to extend the expiry date and amend
the strike price of a total of 11,188,846 share purchase warrants exercisable at $0. 50 per share
expiring on January 18, 2026 (the "Warrants"). The Warrants were issued pursuant to private
placements initially prior to the Company’s listing on the TSX Venture Exchange (“TSXV”).
The Company proposes extending the expiry dates as allowed by TSXV policies, resulting in expiry
dates as follows:
• 1,030,000 Warrants issued November 21,2021, extended to November 21, 2026.
• 1,000,000 Warrants issued February 18, 2022, extended to February 18, 2027.
• 9,158,846 Warrants issued March 23, 2022, extended to March 23. 2027.
The Company intends to reprice a total of 11,188,846 Warrants to an exercise price of $0.15 per
share. All other terms and conditions of the Warrants remain unchanged. The extension and
repricing of the Warrants is subject to approval of the TSXV.
The Warrants have expired but the Company made application for extension and repricing of the
Warrants within the timelines pursuant to the policies of the TSXV.
About Power One
Power One Resources Corp. is a resource issuer listed on the TSX Venture Exchange under the
symbol (PWRO). The Company’s flagship asset, the Pecors Property spans an 18 km by 4 km
magnetic anomaly in the Elliot Lake uranium camp, one of Canada’s most prolific uranium
districts. The project lies just east of the Eco Ridge deposit (see Radio Fuels Resources Corp.).
After drilling the first gold discovery ever recorded on the property, the Company believes
Pecors represents a true polymetallic discovery, with potential for Ni-Cu-PGMs largely untested
during historic uranium mining. The property also contains a historical, non-NI 43-101 uranium
estimate by Rio Tinto in 1977 of 20 million tons grading 0.037% U₃O₈ (14.8 million pounds),
recorded in the Ontario Minfile database (Minfile: MDI41J08NW00060). Power One treats this
strictly as historical information only; a Qualified Person has not verified it as a current mineral
resource.
Power One Resources Corp.
200 – 3310 South Service Road
Burlington, ON L7N 3M6
Vancouver: (604) 716-1036
Burlington: (905) 681-1925
Website: www.p1rc.com
Email: [email protected]
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ON BEHALF OF THE BOARD
Power One Resources Corp.
“Wazir Khan”
Wazir Khan
President, CEO and Director
Tel: 604 716 0551
Email: [email protected]
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.
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.