# Power Metallic Mines advances Nisk Project with updated mineral resource

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93

Original source: https://www.proactiveinvestors.com/companies/news/1098217/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource-1098217.html

Publisher: proactiveinvestors

Original announcement: 2026-09-08T15:50:20.019Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Power Metallic Mines Inc

- Ticker: PNPN

- Exchange: Unavailable

- Region: Québec

- Primary commodity: Copper

- Secondary commodities: Gold, Palladium, Platinum, Silver, Nickel

- Document categories: Drill results, Resource update, Metallurgy

- Extracted: 2026-09-08 15:54:02 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Power Metallic Mines has released an updated mineral resource estimate for the Nisk Project in Québec, featuring a maiden resource for the Lion Zone. The Lion Zone Indicated resource contains 4.145 Mt at 3.86% CuEq, supported by high metallurgical copper recoveries exceeding 98%.

Reasoning: The announcement of a maiden resource for the Lion Zone with high-grade polymetallic intercepts and excellent metallurgical recoveries is a major de-risking and value-adding event.

- Positive factor: Inaugural resource for Lion Zone

- Positive factor: High copper recoveries \(>98%\)

- Positive factor: High-grade polymetallic system

- Positive factor: Significant Indicated component \(>85%\)

- Negative factor: Nickel-rich sulphide not yet found

Facts used in scoring: 10

## 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 Lion Zone is described as having an inaugural resource.

Evidence · text

> including an inaugural resource for the Lion Zone

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The estimate was prepared in accordance with NI 43-101 standards.

Evidence · text

> prepared by SGS Canada in accordance with NI 43-101 standards

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Copper recoveries were reported above 98%.

Evidence · text

> copper recoveries above 98%

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a flotation route \("concentrate"\)

**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: 10. Some facts used in scoring do not have a stored record.

## Drill Results (8)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93#fact-drill-facts-1)

Nisk · palladium

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Nisk
- Commodity: palladium
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: PNPN

#### Geometry

- Grade: 2.61
- Grade Unit: g/t

#### Classification

- Sample Type: drill
- Group ID: Lion-Zone:Indicated

#### QA/QC

- Laboratory: SGS Canada
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-08T00:00:00.000Z

Reasoning: Significant byproduct grade in maiden resource.

Evidence · text

> 2.61 grams per tonne palladium

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93#fact-drill-facts-2)

Nisk · platinum

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Nisk
- Commodity: platinum
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: PNPN

#### Geometry

- Grade: 0.85
- Grade Unit: g/t

#### Classification

- Sample Type: drill
- Group ID: Lion-Zone:Indicated

#### QA/QC

- Laboratory: SGS Canada
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-08T00:00:00.000Z

Reasoning: Trace byproduct grade.

Evidence · text

> 0.85 grams per tonne platinum

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93#fact-drill-facts-3)

Nisk · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Nisk
- Commodity: gold
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: PNPN

#### Geometry

- Grade: 0.49
- Grade Unit: g/t

#### Classification

- Sample Type: drill
- Group ID: Lion-Zone:Indicated

#### QA/QC

- Laboratory: SGS Canada
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-08T00:00:00.000Z

Reasoning: Trace byproduct grade.

Evidence · text

> 0.49 grams per tonne gold

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93#fact-drill-facts-4)

Nisk · silver

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Nisk
- Commodity: silver
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: PNPN

#### Geometry

- Grade: 12.21
- Grade Unit: g/t

#### Classification

- Sample Type: drill
- Group ID: Lion-Zone:Indicated

#### QA/QC

- Laboratory: SGS Canada
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-08T00:00:00.000Z

Reasoning: Significant byproduct grade.

Evidence · text

> 12.21 grams per tonne silver

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93#fact-drill-facts-5)

Nisk · nickel

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Nisk
- Commodity: nickel
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: PNPN

#### Geometry

- Grade: 0.1
- Grade Unit: %

#### Classification

- Sample Type: drill
- Group ID: Lion-Zone:Indicated

#### QA/QC

- Laboratory: SGS Canada
- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-08T00:00:00.000Z

Reasoning: Low grade nickel byproduct.

Evidence · text

> 0.10% nickel

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93#fact-drill-facts-6)

Nisk Project · copper

#### Identity

- Project: Nisk Project
- Commodity: copper
- Region: canada\_qc
- Reported Region: Québec
- Ticker: PNPN

#### Geometry

- Grade: 4.01
- Grade Unit: % CuEq

#### QA/QC

- Laboratory: SGS Canada
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-08T00:00:00.000Z

Reasoning: High grade but speculative category.

- Negative factor: Inferred category

Evidence · text

> 601,000 tonnes of Inferred resources grading 4.01% copper equivalent

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93#fact-drill-facts-7)

Nisk Project · nickel

#### Identity

- Project: Nisk Project
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Québec
- Ticker: PNPN

#### Geometry

- Grade: 0.6
- Grade Unit: % NiEq

#### QA/QC

- Laboratory: SGS Canada
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-08T00:00:00.000Z

Reasoning: Indicated open-pit material.

Evidence · text

> 607,000 tonnes of Indicated open-pit material grading 0.60% nickel equivalent

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93#fact-drill-facts-8)

Nisk Project · nickel

#### Identity

- Project: Nisk Project
- Commodity: nickel
- Region: canada\_qc
- Reported Region: Québec
- Ticker: PNPN

#### Geometry

- Grade: 0.96
- Grade Unit: % NiEq

#### QA/QC

- Laboratory: SGS Canada
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-08T00:00:00.000Z

Reasoning: Indicated underground material.

Evidence · text

> 2.096 million tonnes of Indicated underground material grading 0.96% nickel equivalent

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## Resource Estimates (1)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93#fact-resource-facts-0)

Nisk · copper

#### Identity

- Project: Nisk
- Commodity: copper
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: PNPN

#### Resource Data

- Category: indicated
- Tonnes: 4145000
- Grade: 1.68
- Grade Unit: %

#### Lab

- Laboratory: SGS Canada

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-08T00:00:00.000Z

Reasoning: Primary metal in a high-grade maiden resource.

- Positive factor: Maiden resource component

Evidence · text

> 4.145 million tonnes of Indicated resources grading 3.86% copper equivalent, including 1.68% copper

#### 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"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

**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 (1)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/power-metallic-mines-advances-nisk-project-with-updated-mineral-resource--6f24ab5e-bed4-48b7-8829-827b56be5f93#fact-metallurgical-facts-9)

Nisk Project · copper

#### Identity

- Project: Nisk Project
- Commodity: copper
- Region: canada\_qc
- Reported Region: Québec
- Ticker: PNPN

#### Test Work

- Sample: tested composites

#### Recovery

- Recovery: 98 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: SGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-08T00:00:00.000Z

Reasoning: Copper recovery exceeds 98%.

- Positive factor: Exceptional recovery

Evidence · text

> copper recoveries above 98% across the tested composites

#### Tags used in scoring

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 98% is at or above the exceptional band \(92%\)

## 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.