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CMETF (Power Nickel Inc.) is no longer actively trading.
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Power Nickel Inc. is a junior mineral exploration company, established in 1987 and based in Toronto, Canada. The firm, which operated as Chilean Metals Inc. until its name was changed in July 2021, is dedicated to the acquisition and exploration of mineral properties in both Chile and Canada. Its exploration efforts target a diverse range of metals, including gold, silver, copper, lithium, nickel, cobalt, and platinum group metals (PGMs). In Chile, Power Nickel holds complete ownership of two significant properties: the Zulema property, located in the 3rd region's Atacama mineral belt, and…
TORONTO , Feb. 3, 2025 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel" ) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) and Chilean Metals Inc. ("Chilean Metals") are pleased to announce that they have completed the previously announced strategic reorganization of their business pursuant to which the Golden Ivan Property and certain Chilean assets and liabilities have been spun out to Power Nickel shareholders (the "Spin-Out") through Chilean Metals. Terry Lynch, Chief Executive Officer of Power Nickel and a Director of Chilean Metals, commented: "Wow that was easy!
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) told investors that its previously announced spinout of the Golden Ivan property in British Columbia and certain Chilean assets and liabilities to its wholly owned subsidiary Chilean Metals (Spinco) will be effective at 12am Pacific Time on February 3. If the arrangement takes place as planned at this time, Power Nickel shareholders recorded at the close of trading on January 31 will receive one new Power Nickel common share and 0.05 of a Spinco common share for each share they held before the effective time.
TORONTO , Jan. 31, 2025 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel" ) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that, further to the Company's press releases dated December 5, 2024 and January 16, 2025, the previously announced plan of arrangement (the "Arrangement"), whereby Power Nickel will spinout (the "Spin-Out") the Golden Ivan Property and certain Chilean assets and liabilities to Chilean Metals Inc. ("Spinco", a wholly owned subsidiary of the Company), is expected to become effective at 12:01 a.m. PST on February 3, 2025 (the "Effective Time").
TORONTO , Jan. 16, 2025 /PRNewswire/ - Dear Shareholders: As you know, the shareholders of Power Nickel Inc. ("Power Nickel" or the "Company") held their Annual General and Special Meeting on November 22, 2024 (the "AGSM"). During the AGSM, the shareholders approved a special resolution for a plan of arrangement whereby the Company will spin-out its Golden Ivan property and certain Chilean exploration assets to Chilean Metals Inc. ("Chilean Metals" or "Spinco"), a wholly owned subsidiary of the Company (collectively, the "Arrangement").
Power Nickel Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has secured shareholder and court approval for its plan to spin out the Golden Ivan property in British Columbia and certain Chilean exploration assets. At its November 22, 2024, annual meeting, 96.81% of shareholder votes supported the arrangement, which involves distributing shares in a new entity, Chilean Metals to existing Power Nickel shareholders.