From GlobeNewswire: 2025-02-12 09:24:29

Power Nickel Inc. has priced a private placement offering of 14,135,000 Quebec flow-through shares at C$2.83 each, raising approximately C$40 million. BMO Capital Markets and Hannam & Partners are joint bookrunners for the offering. The proceeds will be used for exploration expenses and qualify for tax credits. The offering is expected to close on February 27, 2025, subject to regulatory approvals. Power Nickel is focused on developing the Nisk project into Canada’s next polymetallic mine, with plans for drill programs and exploration. Investors should be aware of the risks and uncertainties associated with mineral exploration and mining operations.



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