Power Metallic Mines – Ongoing 100,000m Drill Program At NISK Project – Expanding Lion, Tiger, and Gap Zones, Li-FT Land Acquisition, Met Testing, Saudi Exploration Concessions

Nov 12, 2025

Terry Lynch, CEO of Power Metallic Mines, leads exploration at the NISK Project in Quebec. He provides an update on the ambitious 100,000-meter drill program, highlighting high-grade copper intercepts and expansion efforts around the Lion and Tiger zones. Terry discusses strategic land acquisitions, including new claims in Saudi Arabia, and emphasizes the importance of metallurgical testing to confirm recovery rates. He also shares insights on upcoming assays and the strong backing from notable investors, setting the stage for exciting developments.

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INSIGHT

Fully Funded, District-Scale Opportunity

Power Metallic raised a large $50M financing and expanded land holdings to aggressively advance NISK's exploration scale.
Terry Lynch expects the program to be fully funded through 2026 and believes the project is in a rare, district-forming setting.

INSIGHT

Two-Pronged Summer Strategy

The summer program focused on both growing the Lion Zone resource and searching for another Lion-like zone.
New acquisitions (Li-FT and Hydrolands) opened up high-priority targets and shifted exploration strategy toward immediate expansion.

ADVICE

Model Resource Using Met Recovery Data

Wait for the full metallurgical results to model recoveries before valuing the resource.
Use analysts' leapfrog models combined with SGS recovery data to estimate economics and grade-weighted tonnage.

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Terry Lynch, CEO of Power Metallic Mines (TSX.V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV), joins us for a comprehensive exploration update from their fully funded 100,000-meter drill program at the polymetallic NISK Project in Quebec. We discuss some of the key acquisitions made earlier this year expanding the land package around the NISK Project, as well as their new Jabal Baudan claims over in Saudi Arabia.

Key Highlights from the Interview:

Exploration Strategy: A six-rig program focused on expanding the mineralized around the Lion Zone and at depth, the Tiger Zone, new polymetallic targets from surveys, and still drilling to connect the 5.5km corridor between Lion and NISK Main.
High Grade Assays From Summer Drilling:
- 22.66 meters of 4.57% CuEq, including 6.05 meters of 9.70% CuEq in Hole 020
- 28.0 meters of 4.28% CuEq, including 3.4 meters of 15.45% CuEq in Hole 015
- 5.35 Meters of 11.97% Cu (16.35% CuEqRec) in Hole 022
Resource Growth Path: Early-stage modeling efforts are enabling analysts and investors to build their own interpretations of scale, while metallurgical studies are underway to confirm high recovery rates.
Acquisition of Li-FT Power land: Back on July 14, 2025 the Company announced that it closed a definitive agreement dated June 9, 2025 to acquire a 100% interest in 313 mineral claims totalling 167 km² from Li-FT Power Ltd. (TSXV: LIFT) (OTCQX: LIFFF). The claims adjoin the Company's 45.86km² Nisk property, where exploration is expanding the high–grade Lion Cu–PGE discovery and the Nisk Copper-Nickel-Platinum-Palladium-Gold-Cobalt deposit. Terry explains how there are 8 very high priority drill targets that the exploration team is following up on across this newly acquired land.
Phase 1 Metallurgical Testing of Lion Deposit: On Oct. 16th, Power Metallic announced that preliminary metallurgical studies are underway being performed by SGS Canada Ltd at its laboratories based in Quebec City, QC, and Lakefield, ON. Work to date has shown that the copper mineralization is contained within coarse grained chalcopyrite and cubanite, both which should respond well to conventional sulphide concentration methods. Overall, the character of the mineralization suggests good recoveries of copper sulphides, and these initial metallurgical tests will determine the recovery potential of the PGEs, Au, Ag, and Ni., which are expected to report within a conventional sulphide concentrate.
Awarded Jabal Baudan Exploration License in Saudi Arabia: Power Metallic announced on June 16th that it was awarded the exploration license for the Jabal Baudan project in Saudi Arabia's Jabal Sayid Mineralized Belt. This historic milestone positions Power Metallic as one of the few foreign companies with mining concessions in the Kingdom of Saudi Arabia, having secured a successful bid in this prestigious licensing process.
Key Strategic Stakeholders: Terry highlights that there are high profile backers of the company like Robert Friedland, Rob McEwen, The Stern Family, Palos Capital, and also Terry’s family that are keeping a large percentage of the shares in strong hands interested in seeing the longer-term expansion of the mineralization for the company.

* In full disclosure, Shad is a shareholder of Power Metallic Mines at the time of this recording and may choose to buy or sell shares at any time.

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