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.
