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Power Metallic Mines Inc. operates as a Canadian junior exploration enterprise, primarily focused on the identification, acquisition, and development of valuable mineral assets. Its prospecting endeavors specifically target a diverse range of metals, including nickel, copper, cobalt, platinum group elements (PGEs), gold, and silver. The company, which was established by Verna Wilson on August 19, 1987, maintains its corporate headquarters in Toronto, Canada.

Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) announced that the release of its anticipated 2026 Mineral Resource Estimate (MRE) for the combined Nisk and Lion discoveries at its polymetallic Nisk project in Quebec has been delayed until the end of August due to scheduling constraints at the consulting engineering firm preparing the report. The company said it learned late last week that the engineering firm, which already has the information required from Power Metallic, has experienced delays in staff availability because of concurrent workloads across multiple projects.

Power Metallic Provides NISK update PR Newswire TORONTO, July 30, 2026 TORONTO, July 30

TORONTO, July 30, 2026 /PRNewswire/ -- Power Metallic Mines Inc. (the "Company" or "Power Metallic" ) (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) announces that it learned late last week that its anticipated 2026 Mineral Resource Estimate (MRE) release on the combined Nisk and Lion discoveries will be postponed until the end of August. The consulting engineering firm engaged for the work has the information needed from the Company but concurrent work loads in multiple projects have delayed staff availability to finalize the MRE.

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Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) is well-positioned for a series of development and exploration catalysts in the second half of 2026, according to Noble Capital Markets, which maintained its ‘Outperform' rating on the company. The analysts also maintained their US$2.65 price target on the company, which traded hands at about $0.73 on Thursday afternoon.