Power Nickel Spins Out Non-Core Assets To Unlock Value And Pursue Goal Of Turning Its NISK Property Into The Next Voisey's Bay With 8-10M Tons Expected For 43-101 This Fall

If you are a believer in the future of Nickel and Electric Vehicles, then Power Nickel is an emerging growth company that demands your attention. 

Why Power Nickel? Drilled One Of The Best Nickel Holes Reported In Recent History

The Company's NISK property is a High Grade Nickel PGM Project in Quebec with numerous historical high-grade Nickel intercepts & historical 43-101 in a jurisdiction with infrastructure & 3 other battery Metal explorers who are already making discoveries in the area: 

• Critical Elements 
• Galaxy Resources 
• Nemaska Lithium 

Not resting on its laurels hole PN-22-009 Is one of the best nickel holes reported in recent history according to CEO Terry Lynch with 0.88% Ni, 0.56% Cu, 0.06% Co, 1.64 ppm Pd and 0.15 ppm Pt over 40.30m.  Along with some other great drill holes the company is preparing to release an updated 43-101 resource report by October that significantly increases the resource estimate.

 NISK EXPECTATIONS … THE NEXT VOISEY'S BAY? 

The company is forging ahead to create the world's first carbon neutral Nickel mine, with multiple drill programs that have already delivered some of the best Nickel intercepts currently being assayed in the world.

• Targeting 8-10M Tons for 43-101 in Fall
• Commercial Tonnage Status
• Targeting 20-50 M Tons Over Next 2 Years To Potentially Reach Voisey's Bay Status
• Aiming To Supply Low Carbon Class 1 Nickel To Developing NA EV Supply Chain

 SPINNING OUT NON-CORE ASSETS SENDS STRONG SIGNAL TO MARKET

Today we discussed the company’s strategic plan to optimize its non-core assets while maintaining its focus on Nisk. Power Nickel plans to allocate 25% of Consolidated shares to its shareholders, and upon completion, the company will retain approximately 19.5 million Consolidated shares. 

In addition the company is placing its 3% Royalty on the Copaquire Project for sale. Though the long-term potential is high, selling the Royalty is expected to fetch as much as $5 million dollars without any dilution to shareholders.  

Power Nickel CEO Terry Lynch believes that separating non-core assets will enable the new entity to finance and pursue growth opportunities while allowing the assets to be separately valued by the market. The proposed spinout company, Consolidated Gold and Copper Inc., is set to be an independent entity with a distinct CEO and Board, housing an impressive portfolio of assets.

Now sit back, relax and watch this powerful interview with Power Nickel CEO Terry Lynch.