# Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7 Original source: https://orestocks.com/company/PNPN.V/press-releases/6129963367474595 Publisher: orestocks Original announcement: 2026-09-08T07:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Power Metallic Mines Inc. - Ticker: PNPN.V - Exchange: Unavailable - Region: Eeyou Istchee James Bay territory of Québec - Primary commodity: Copper - Secondary commodities: Nickel, Cobalt, Platinum, Palladium, Gold, Silver - Document categories: Resource update, Metallurgy - Extracted: 2026-09-08 08:04:40 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Power Metallic announced a high-grade maiden Mineral Resource Estimate for its Lion Zone, part of the Nisk Project in Québec, featuring 4.145 Mt Indicated at 3.86% CuEq and 0.601 Mt Inferred at 4.01% CuEq. Over 85% of the resource is in the Indicated category, starts at surface, and remains open for expansion. Metallurgical test work confirmed high copper recoveries of over 98% and concentrate grades above 25% Cu, with good recoveries for associated precious metals. Reasoning: Power Metallic announced a highly positive maiden Mineral Resource Estimate for its Lion Zone, characterized by high copper equivalent grades, a substantial Indicated resource component, and excellent metallurgical recoveries, positioning the project for future development and expansion. - Positive factor: Maiden high-grade resource - Positive factor: High Indicated percentage - Positive factor: Starts at surface - Positive factor: Excellent copper recovery and concentrate grade - Positive factor: Polymetallic nature - Positive factor: Significant expansion potential with ongoing drilling - Positive factor: PEA in progress - Positive factor: Strategic location with existing infrastructure - Positive factor: Government critical minerals incentives Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 78 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The document explicitly states 'Power Metallic has declared the inaugural Mineral Resource Estimate for the Lion Zone'. Evidence · text > Power Metallic has declared the inaugural Mineral Resource Estimate for the Lion Zone **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The Lion resource is reported with '>85% of the initial Lion resource is classified as Indicated'. Evidence · text > >85% of the initial Lion resource is classified as Indicated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Marc-Antoine Laporte, P.Geo., of SGS Canada Inc., is named as the independent Qualified Person responsible for the MRE. Evidence · text > Marc-Antoine Laporte, M.Sc., P.Geo. of SGS is responsible for the Nisk and Lion Mineral Resource Estimates and is an independent Qualified Person as defined by NI 43-101. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Evidence · text > The MRE was prepared by SGS Canada Inc. \("SGS"\) in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects \("NI 43-101"\) **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Locked-cycle testing returned copper recoveries above 98% across all composite samples tested. Evidence · text > Locked-cycle testing completed by SGS Canada of representative mineralization from Lion has returned copper recoveries above 98% across all composite samples tested **Step-Out Extension** Polarity: positive Story-specific tag Definition: Mineralization extended beyond the previously known limit. Why it applies: Ongoing drilling is targeting extensions at depth and along strike, with assays from the summer 2026 program expected. Evidence · text > Ongoing resource expansion drilling with 5 active rigs is targeting extensions at depth and along strike with assays from the summer 2026 program expected starting in September 2026. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces an 'updated Mineral Resource Estimate' for its Nisk Project, which includes the maiden Lion resource and an update for Nisk Main. Evidence · text > Power Metallic is pleased to announce an updated Mineral Resource Estimate \("MRE"\) for its Nisk Project **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The company is assessing proposals from engineering firms to complete a Preliminary Economic Assessment \(PEA\) evaluating the development potential of Lion. Evidence · text > The Company is currently assessing proposals from engineering firms to complete a Preliminary Economic Assessment \("PEA"\) evaluating the development potential of Lion **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: Metallurgical tests were conducted on 'a blended composite of high-grade and low-grade material' and 'a low-grade composite of disseminated mineralization'. Evidence · text > Two locked-cycle flotation tests have been completed: LCT1, on a blended composite of high-grade and low-grade material representative of run-of-mine feed, and LG2, on a low-grade composite of disseminated mineralization **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("CIL"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 78. Some facts used in scoring do not have a stored record. ## Resource Estimates (72) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-0) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 0.08 - Grade Unit: % - Contained Metal: 5.01 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated nickel resource within the maiden Lion MRE, contributing to the overall polymetallic deposit. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.08 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-1) Lion · copper #### Identity - Project: Lion - Commodity: copper - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 1.47 - Grade Unit: % - Contained Metal: 90.04 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is a significant Indicated copper resource within the maiden Lion MRE, forming a key part of the high-grade polymetallic deposit. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: Good grade for open pit copper - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 1.47 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-2) Lion · cobalt #### Identity - Project: Lion - Commodity: cobalt - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 0.004 - Grade Unit: % - Contained Metal: 0.22 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated cobalt resource within the maiden Lion MRE, contributing as a byproduct to the overall polymetallic deposit. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.004 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-3) Lion · platinum #### Identity - Project: Lion - Commodity: platinum - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 76000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated platinum resource within the maiden Lion MRE, adding value as a precious metal component. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.84 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-4) Lion · palladium #### Identity - Project: Lion - Commodity: palladium - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 2.35 - Grade Unit: g/t - Contained Metal: 210000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is a significant Indicated palladium resource within the maiden Lion MRE, contributing substantially to the polymetallic value. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: Good grade for palladium - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 2.35 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-5) Lion · gold #### Identity - Project: Lion - Commodity: gold - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 0.42 - Grade Unit: g/t - Contained Metal: 37000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated gold resource within the maiden Lion MRE, adding value as a precious metal component. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.42 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-6) Lion · silver #### Identity - Project: Lion - Commodity: silver - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 11.65 - Grade Unit: g/t - Contained Metal: 1042000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated silver resource within the maiden Lion MRE, adding value as a precious metal component. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 11.65 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-7) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 2.07 - Grade Unit: % - Contained Metal: 126.74 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated nickel equivalent resource within the maiden Lion MRE, providing a combined value metric. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 2.07 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-8) Lion · copper\_equivalent #### Identity - Project: Lion - Commodity: copper\_equivalent - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 3.45 - Grade Unit: % - Contained Metal: 211.24 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is a significant Indicated copper equivalent resource within the maiden Lion MRE, highlighting the overall value of the polymetallic deposit. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: High grade for copper equivalent - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 3.45 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-9) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.07 - Grade Unit: % - Contained Metal: 0.16 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred nickel resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.07 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-10) Lion · copper #### Identity - Project: Lion - Commodity: copper - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 1.09 - Grade Unit: % - Contained Metal: 2.41 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred copper resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 1.09 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-11) Lion · cobalt #### Identity - Project: Lion - Commodity: cobalt - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.004 - Grade Unit: % - Contained Metal: 0.01 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred cobalt resource within the maiden Lion MRE, contributing as a byproduct but with lower confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.004 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-12) Lion · platinum #### Identity - Project: Lion - Commodity: platinum - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred platinum resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.43 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-13) Lion · palladium #### Identity - Project: Lion - Commodity: palladium - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 1.31 - Grade Unit: g/t - Contained Metal: 4000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred palladium resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 1.31 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-14) Lion · gold #### Identity - Project: Lion - Commodity: gold - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred gold resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.31 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-15) Lion · silver #### Identity - Project: Lion - Commodity: silver - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 9.63 - Grade Unit: g/t - Contained Metal: 31000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred silver resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 9.63 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-16) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 1.41 - Grade Unit: % - Contained Metal: 3.12 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred nickel equivalent resource within the maiden Lion MRE, providing a combined value metric but with lower confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 1.41 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-17) Lion · copper\_equivalent #### Identity - Project: Lion - Commodity: copper\_equivalent - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 2.36 - Grade Unit: % - Contained Metal: 5.19 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred copper equivalent resource within the maiden Lion MRE, highlighting the overall value but with lower confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 2.36 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-18) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 0.13 - Grade Unit: % - Contained Metal: 3.98 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated nickel resource within the maiden Lion MRE, contributing to the overall polymetallic deposit. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.13 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-19) Lion · copper #### Identity - Project: Lion - Commodity: copper - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 2.1 - Grade Unit: % - Contained Metal: 63.03 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is a significant Indicated copper resource within the maiden Lion MRE, forming a key part of the high-grade polymetallic deposit. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: Good grade for underground copper - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 2.10 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-20) Lion · cobalt #### Identity - Project: Lion - Commodity: cobalt - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 0.007 - Grade Unit: % - Contained Metal: 0.21 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated cobalt resource within the maiden Lion MRE, contributing as a byproduct to the overall polymetallic deposit. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.007 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-21) Lion · platinum #### Identity - Project: Lion - Commodity: platinum - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 0.87 - Grade Unit: g/t - Contained Metal: 38000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated platinum resource within the maiden Lion MRE, adding value as a precious metal component. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.87 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-22) Lion · palladium #### Identity - Project: Lion - Commodity: palladium - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 3.15 - Grade Unit: g/t - Contained Metal: 138000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is a significant Indicated palladium resource within the maiden Lion MRE, contributing substantially to the polymetallic value. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: Good grade for palladium - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 3.15 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-23) Lion · gold #### Identity - Project: Lion - Commodity: gold - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 27000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated gold resource within the maiden Lion MRE, adding value as a precious metal component. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.62 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-24) Lion · silver #### Identity - Project: Lion - Commodity: silver - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 13.35 - Grade Unit: g/t - Contained Metal: 585000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated silver resource within the maiden Lion MRE, adding value as a precious metal component. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 13.35 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-25) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 2.83 - Grade Unit: % - Contained Metal: 84.94 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated nickel equivalent resource within the maiden Lion MRE, providing a combined value metric. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 2.83 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-26) Lion · copper\_equivalent #### Identity - Project: Lion - Commodity: copper\_equivalent - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 4.71 - Grade Unit: % - Contained Metal: 141.57 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is a significant Indicated copper equivalent resource within the maiden Lion MRE, highlighting the overall value of the polymetallic deposit. - Positive factor: Maiden resource - Positive factor: Indicated category - Positive factor: High grade for copper equivalent - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 4.71 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-27) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 0.14 - Grade Unit: % - Contained Metal: 1.51 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred nickel resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.14 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-28) Lion · copper #### Identity - Project: Lion - Commodity: copper - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 1.99 - Grade Unit: % - Contained Metal: 22.02 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred copper resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 1.99 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-29) Lion · cobalt #### Identity - Project: Lion - Commodity: cobalt - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 0.007 - Grade Unit: % - Contained Metal: 0.08 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred cobalt resource within the maiden Lion MRE, contributing as a byproduct but with lower confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.007 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-30) Lion · platinum #### Identity - Project: Lion - Commodity: platinum - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 10000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred platinum resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.62 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-31) Lion · palladium #### Identity - Project: Lion - Commodity: palladium - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 3.17 - Grade Unit: g/t - Contained Metal: 51000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred palladium resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 3.17 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-32) Lion · gold #### Identity - Project: Lion - Commodity: gold - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 7000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred gold resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.43 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-33) Lion · silver #### Identity - Project: Lion - Commodity: silver - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 13.04 - Grade Unit: g/t - Contained Metal: 210000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred silver resource within the maiden Lion MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 13.04 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-34) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 2.6 - Grade Unit: % - Contained Metal: 28.77 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred nickel equivalent resource within the maiden Lion MRE, providing a combined value metric but with lower confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 2.60 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-35) Lion · copper\_equivalent #### Identity - Project: Lion - Commodity: copper\_equivalent - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 4.34 - Grade Unit: % - Contained Metal: 47.95 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred copper equivalent resource within the maiden Lion MRE, highlighting the overall value but with lower confidence. - Positive factor: Maiden resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 4.34 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-36) Nisk · nickel #### Identity - Project: Nisk - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.6 - Grade Unit: % - Contained Metal: 7.99 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated nickel resource within the updated Nisk MRE, contributing to the overall polymetallic deposit. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.60 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-37) Nisk · copper #### Identity - Project: Nisk - Commodity: copper - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.35 - Grade Unit: % - Contained Metal: 4.66 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated copper resource within the updated Nisk MRE, contributing to the overall polymetallic deposit. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.35 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-38) Nisk · cobalt #### Identity - Project: Nisk - Commodity: cobalt - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.039 - Grade Unit: % - Contained Metal: 0.53 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated cobalt resource within the updated Nisk MRE, contributing as a byproduct to the overall polymetallic deposit. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.039 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-39) Nisk · platinum #### Identity - Project: Nisk - Commodity: platinum - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.08 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated platinum resource within the updated Nisk MRE, adding value as a precious metal component. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.08 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-40) Nisk · palladium #### Identity - Project: Nisk - Commodity: palladium - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 10000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated palladium resource within the updated Nisk MRE, contributing to the polymetallic value. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.49 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-41) Nisk · gold #### Identity - Project: Nisk - Commodity: gold - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.03 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated gold resource within the updated Nisk MRE, adding value as a precious metal component. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.03 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-42) Nisk · silver #### Identity - Project: Nisk - Commodity: silver - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 2.19 - Grade Unit: g/t - Contained Metal: 43000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated silver resource within the updated Nisk MRE, adding value as a precious metal component. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 2.19 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-43) Nisk · nickel #### Identity - Project: Nisk - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 1.01 - Grade Unit: % - Contained Metal: 13.49 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated nickel equivalent resource within the updated Nisk MRE, providing a combined value metric. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 1.01 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-44) Nisk · copper\_equivalent #### Identity - Project: Nisk - Commodity: copper\_equivalent - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 1.68 - Grade Unit: % - Contained Metal: 22.47 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated copper equivalent resource within the updated Nisk MRE, highlighting the overall value of the polymetallic deposit. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 1.68 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-45) Nisk · nickel #### Identity - Project: Nisk - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.54 - Grade Unit: % - Contained Metal: 2.5 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred nickel resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.54 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-46) Nisk · copper #### Identity - Project: Nisk - Commodity: copper - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.22 - Grade Unit: % - Contained Metal: 1.03 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred copper resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.22 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-47) Nisk · cobalt #### Identity - Project: Nisk - Commodity: cobalt - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.035 - Grade Unit: % - Contained Metal: 0.16 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred cobalt resource within the updated Nisk MRE, contributing as a byproduct but with lower confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.035 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-48) Nisk · platinum #### Identity - Project: Nisk - Commodity: platinum - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.07 - Grade Unit: g/t - Contained Metal: 500 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred platinum resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.07 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-49) Nisk · palladium #### Identity - Project: Nisk - Commodity: palladium - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.48 - Grade Unit: g/t - Contained Metal: 3000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred palladium resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.48 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-50) Nisk · gold #### Identity - Project: Nisk - Commodity: gold - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.03 - Grade Unit: g/t - Contained Metal: 200 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred gold resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.03 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-51) Nisk · silver #### Identity - Project: Nisk - Commodity: silver - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 2.04 - Grade Unit: g/t - Contained Metal: 14000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred silver resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 2.04 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-52) Nisk · nickel #### Identity - Project: Nisk - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.86 - Grade Unit: % - Contained Metal: 3.99 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred nickel equivalent resource within the updated Nisk MRE, providing a combined value metric but with lower confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.86 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-53) Nisk · copper\_equivalent #### Identity - Project: Nisk - Commodity: copper\_equivalent - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 1.44 - Grade Unit: % - Contained Metal: 6.66 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred copper equivalent resource within the updated Nisk MRE, highlighting the overall value but with lower confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 1.44 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-54) Nisk · nickel #### Identity - Project: Nisk - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.96 - Grade Unit: % - Contained Metal: 44.44 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated nickel resource within the updated Nisk MRE, contributing to the overall polymetallic deposit. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.96 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-55) Nisk · copper #### Identity - Project: Nisk - Commodity: copper - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.53 - Grade Unit: % - Contained Metal: 24.52 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated copper resource within the updated Nisk MRE, contributing to the overall polymetallic deposit. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.53 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-56) Nisk · cobalt #### Identity - Project: Nisk - Commodity: cobalt - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.061 - Grade Unit: % - Contained Metal: 2.83 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated cobalt resource within the updated Nisk MRE, contributing as a byproduct to the overall polymetallic deposit. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.061 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-57) Nisk · platinum #### Identity - Project: Nisk - Commodity: platinum - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.21 - Grade Unit: g/t - Contained Metal: 14000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated platinum resource within the updated Nisk MRE, adding value as a precious metal component. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.21 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-58) Nisk · palladium #### Identity - Project: Nisk - Commodity: palladium - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.91 - Grade Unit: g/t - Contained Metal: 61000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated palladium resource within the updated Nisk MRE, contributing to the polymetallic value. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.91 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-59) Nisk · gold #### Identity - Project: Nisk - Commodity: gold - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.04 - Grade Unit: g/t - Contained Metal: 3000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated gold resource within the updated Nisk MRE, adding value as a precious metal component. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 0.04 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-60) Nisk · silver #### Identity - Project: Nisk - Commodity: silver - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 2 - Grade Unit: g/t - Contained Metal: 135000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated silver resource within the updated Nisk MRE, adding value as a precious metal component. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 2.00 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-61) Nisk · nickel #### Identity - Project: Nisk - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 1.65 - Grade Unit: % - Contained Metal: 76.13 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated nickel equivalent resource within the updated Nisk MRE, providing a combined value metric. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 1.65 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-62) Nisk · copper\_equivalent #### Identity - Project: Nisk - Commodity: copper\_equivalent - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 2.75 - Grade Unit: % - Contained Metal: 126.89 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Indicated copper equivalent resource within the updated Nisk MRE, highlighting the overall value of the polymetallic deposit. - Positive factor: Indicated category - Positive factor: QP signed off - Positive factor: NI 43-101 compliant Evidence · table > 2.75 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-63) Nisk · nickel #### Identity - Project: Nisk - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 0.98 - Grade Unit: % - Contained Metal: 39.17 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred nickel resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.98 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-64) Nisk · copper #### Identity - Project: Nisk - Commodity: copper - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 0.57 - Grade Unit: % - Contained Metal: 22.53 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred copper resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.57 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-65) Nisk · cobalt #### Identity - Project: Nisk - Commodity: cobalt - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 0.063 - Grade Unit: % - Contained Metal: 2.5 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred cobalt resource within the updated Nisk MRE, contributing as a byproduct but with lower confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.063 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-66) Nisk · platinum #### Identity - Project: Nisk - Commodity: platinum - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 0.26 - Grade Unit: g/t - Contained Metal: 15000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred platinum resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.26 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-67) Nisk · palladium #### Identity - Project: Nisk - Commodity: palladium - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 1.05 - Grade Unit: g/t - Contained Metal: 61000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred palladium resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 1.05 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-68) Nisk · gold #### Identity - Project: Nisk - Commodity: gold - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 0.03 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred gold resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 0.03 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-69) Nisk · silver #### Identity - Project: Nisk - Commodity: silver - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 1.57 - Grade Unit: g/t - Contained Metal: 91000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred silver resource within the updated Nisk MRE, indicating potential but requiring further drilling to upgrade confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 1.57 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-70) Nisk · nickel #### Identity - Project: Nisk - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 1.73 - Grade Unit: % - Contained Metal: 69.06 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred nickel equivalent resource within the updated Nisk MRE, providing a combined value metric but with lower confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 1.73 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-resource-facts-71) Nisk · copper\_equivalent #### Identity - Project: Nisk - Commodity: copper\_equivalent - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 2.89 - Grade Unit: % - Contained Metal: 115.09 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This is an Inferred copper equivalent resource within the updated Nisk MRE, highlighting the overall value but with lower confidence. - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Negative factor: Inferred category Evidence · table > 2.89 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## Metallurgical Results (6) ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-metallurgical-facts-72) Lion · copper #### Identity - Project: Lion - Commodity: copper - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 98.3 % - Recovery Basis: actual\_test - Head Grade: 0.62 - Head Grade Unit: % - Conc. Grade: 25.4 - Conc. Grade Unit: % #### Lab - Laboratory: SGS Canada Inc. - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: Exceptional copper recovery and high concentrate grade from locked-cycle flotation on a low-grade composite, supporting the economic viability of lower-grade material. - Positive factor: High Recovery - Positive factor: Excellent concentrate grade - Positive factor: Locked-cycle test - Positive factor: Supports inclusion of lower-grade material Evidence · table > 98.3 Context: 0.62 % #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 98.3% is at or above the exceptional band \(92%\) ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-metallurgical-facts-73) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 47.7 % - Recovery Basis: actual\_test - Head Grade: 0.04 - Head Grade Unit: % - Conc. Grade: 0.78 - Conc. Grade Unit: % #### Lab - Laboratory: SGS Canada Inc. - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: Low nickel recovery from locked-cycle flotation on a low-grade composite, indicating challenges in recovering nickel from this material. - Positive factor: Locked-cycle test - Positive factor: Supports inclusion of lower-grade material - Negative factor: Low Recovery Evidence · table > 47.7 Context: 0.04 % #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 47.7% is below the weak band \(75%\) ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-metallurgical-facts-74) Lion · palladium #### Identity - Project: Lion - Commodity: palladium - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 89.1 % - Recovery Basis: actual\_test - Head Grade: 0.97 - Head Grade Unit: g/t - Conc. Grade: 38.9 - Conc. Grade Unit: g/t #### Lab - Laboratory: SGS Canada Inc. - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: Good palladium recovery from locked-cycle flotation on a low-grade composite, indicating effective precious metal capture even at lower grades. - Positive factor: Locked-cycle test - Positive factor: Supports inclusion of lower-grade material Evidence · table > 89.1 Context: 0.97 g/t #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-metallurgical-facts-75) Lion · platinum #### Identity - Project: Lion - Commodity: platinum - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 84.1 % - Recovery Basis: actual\_test - Head Grade: 0.22 - Head Grade Unit: g/t - Conc. Grade: 7.9 - Conc. Grade Unit: g/t #### Lab - Laboratory: SGS Canada Inc. - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: Good platinum recovery from locked-cycle flotation on a low-grade composite, indicating effective precious metal capture even at lower grades. - Positive factor: Locked-cycle test - Positive factor: Supports inclusion of lower-grade material Evidence · table > 84.1 Context: 0.22 g/t #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-metallurgical-facts-76) Lion · gold #### Identity - Project: Lion - Commodity: gold - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 83.1 % - Recovery Basis: actual\_test - Head Grade: 0.37 - Head Grade Unit: g/t - Conc. Grade: 12.7 - Conc. Grade Unit: g/t #### Lab - Laboratory: SGS Canada Inc. - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: Good gold recovery from locked-cycle flotation on a low-grade composite, indicating effective precious metal capture even at lower grades. - Positive factor: Locked-cycle test - Positive factor: Supports inclusion of lower-grade material Evidence · table > 83.1 Context: 0.37 g/t #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--ea148044-9494-4401-aadb-a5ad127b65d7#fact-metallurgical-facts-77) Lion · silver #### Identity - Project: Lion - Commodity: silver - Region: canada\_qc - Reported Region: Eeyou Istchee James Bay territory of Québec - Ticker: PNPN.V #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 75.9 % - Recovery Basis: actual\_test - Head Grade: 6.26 - Head Grade Unit: g/t - Conc. Grade: 271 - Conc. Grade Unit: g/t #### Lab - Laboratory: SGS Canada Inc. - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: Moderate silver recovery from locked-cycle flotation on a low-grade composite, indicating effective precious metal capture even at lower grades. - Positive factor: Locked-cycle test - Positive factor: Supports inclusion of lower-grade material Evidence · table > 75.9 Context: 6.26 g/t #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.