News archive

TORONTO, Jan. 19, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has started the 2024 winter Drill Program at the Nisk Nickel Sulfide project in Nemaska Quebec.

TORONTO, Jan. 9, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has closed a private placement for 4,360,000 flow-through units (each an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,180,000. The FT Unit closing completed on December 29, 2023, while the balance of the back-end adjustments completed last week. The Company has received conditional TSX Venture Exchange ("TSXV") approval for this Private Placement.

TORONTO, Dec. 12, 2023 /CNW/ - Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the "Company") announces that together with its advisors the Company has filed an official complaint detailing significant and persistent position imbalances for its stock. This troubling imbalance is defined as a broker having an insufficient number of shares in its depository account compared to the number of beneficially owned shares for its customers. This can indicate potential naked short selling and other manipulative actions designed to artificially drive down share prices. Power Nickel is bringing this to the attention of all Canadian investors to make them aware of the non-market factors that have led to the terrible performance of the TSXV despite this being on the whole a robust commodity market.

TORONTO, Dec. 6, 2023 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV). Discover how Power Nickel, leveraging Fleet Space Technologies' mineral exploration technology, ExoSphere, is transforming the landscape of nickel exploration. This event will highlight the successful application of Ambient Noise Tomography (ANT) to generate actionable data in near real-time for identifying nickel targets, emphasizing the potential of these technologies to enhance drilling accuracy and reduce land disturbance. Terry Lynch, CEO of Power Nickel, will have a relaxed chat with Power Nickel Exploration VP Ken Williamson and a duo of top geoscience experts from Fleet Space to discuss how Power Nickel is using this technology to facilitate the successful exploration of the Nisk project in Namaska Quebec.

TORONTO, Dec. 4, 2023 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has closed its previously announced flow-through financing of $2.75 million CAD at $0.90 per share.

TORONTO, Nov. 29, 2023 / CNW / - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt IVV) is pleased to release the initial NI 43-101 Mineral Resource Estimate on its "NISK" Nickel Sulphide project, located near Nemaska, James Bay, Québec.

TORONTO, ON / November 23, 2023 / Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the “Company”) Terry Lynch, CEO of Power Nickel and founder of Save Canadian Mining, and its advisors have prepared and will file in the coming days an official complaint detailing significant and persistent position imbalances for Power Nickel's stock. This troubling imbalance is defined as a broker having an insufficient number of shares in its depository account compared to the number of beneficially owned shares for its customers. This can indicate potential naked short selling and other manipulative actions designed to artificially drive down share prices. We’re bringing this to the attention of all Canadian investors to make them aware of the non-market factors that have led to the terrible performance of the TSXV despite this being on the whole a robust commodity market.

TORONTO, Nov. 20, 2023 /CNW/ - Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the "Company") is pleased to announce the continuation of its agreement with CVMR Corporation ("CVMR"), one of the world's leaders in Nickel Powder, Wire, and Anode production, and a key supplier to the Battery, Defence, and Aerospace industry. CVMR is coordinating the production of advanced bench scale, piloting, and engineering studies on the Nisk Nickel Sulfide Project near Nemaska, Quebec to determine project feasibility. The agreement is staged, allowing for Power Nickel and CVMR to work together on various stages of engineering studies.

TORONTO, Nov. 14, 2023 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has closed the previously announced private placement of non-flow-through units ("Units") at a price of $0.25 per Unit (the "Offering"). In connection with closing the Offering, the Company issued an aggregate of 2,820,000 Units for gross proceeds of $705,000. Each Unit is comprised of one common share of the Company and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable to acquire one common share of the Company at a price of $0.50 per share for a period of three years from the date of issuance (subject to acceleration, as described below).

TORONTO, ON / October 24, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVV) is pleased to announce it has closed the first tranche of the private placement previously announced on October 16, 2023 (the "Offering") for 4,000,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,000,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.