TORONTO, Nov. 11, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the third set of assay results obtained for two more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.
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TORONTO, Oct. 28, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the third set of assay results obtained for two more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.
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TORONTO, Oct. 18, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the Company has entered into an arrangement agreement for a strategic reorganization of its business pursuant to which the Company's interest in the Golden Ivan property, along with certain Chilean exploration assets and liabilities, will be spun out to Power Nickel shareholders (the "Spin-Out") through Chilean Metals Inc., a wholly owned subsidiary of the Company ("Spinco").
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TORONTO, Oct. 3, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the second set of assay results obtained for three more holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.
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TORONTO, Oct. 1, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce the assay results obtained for the first five holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.
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TORONTO, Sept. 10, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that 10 out the 12 holes drilled so far from the Company's summer drilling program at the Lion Zone discovery have intercepted sulphides mineralization.
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TORONTO, Sept. 4, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it is presenting at the Red Cloud webinar series today at 2:00 PM Eastern. To enable your attendance at the webinar, please register by clicking on the following link: https://redcloudfs.com/events/rcwebinar-pnpn-2/.
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TORONTO, Aug. 19, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce high-grade multi-elements assay results for the remaining holes of its 2024 winter drill program.
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TORONTO, Aug. 13, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to provide details on the Exploration Program being deployed on its Nisk Property, Nemaska, Quebec. While the 2024 summer Drill Program at the Lion Zone continues to successfully intersect poly-metallic mineralisation, the Company has begun an extensive property scale Exploration Program, which will include downhole and ground-based geophysical surveys. These exploration efforts are anticipated to provide a robust framework for identifying new prospective sub-surface target areas and are aiming at defining a possible continuity over the 5.5 km strike-length separating Nisk Main and the Lion Zone.
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TORONTO, July 29, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that internationally recognized geoscientist Dr. Steve Beresford has joined the Power Nickel board.
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TORONTO, June 24, 2024 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that it has closed an over-subscribed flow-through offering (the "Offering") for gross proceeds of $20,062,497.50 through the issuance of 16,049,998 flow-through units (the "FT Units") at a price of $1.25 per FT Unit. Each FT Unit is comprised of one flow-through common share and one-half of one share purchase warrant (each whole, a "Warrant"), with each Warrant exercisable to purchase one common share at a price of $1.25 per common share for three years from the date of issuance. Each flow-through common share will qualify as a flow-through share for purposes of the Income Tax Act (Canada) ("ITA").
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TORONTO, June 13, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt IVV), is pleased to announce that it plans to conduct a flow-through offering for gross proceeds of up to $20 million, through the issuance of up to 16,000,000 flow-through units (the "FT Units") at a price of $1.25 per FT Unit. Each FT Unit is comprised of one flow-through common share and one-half share purchase warrant (each a "Warrant"), with each Warrant exercisable to purchase one common share at a price of $1.25 per common share for three years from the date of issuance. Each flow-through common share will qualify as a flow-through share for purposes of the Income Tax Act (Canada) ("ITA").
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TORONTO, June 10, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has started the 2024 summer Drill Program with 20 holes targeted and over 8,000 metres of drilling as the Company continues ramping up exploration for additional mineralized zones of high-grade Copper, Platinum, Palladium, Gold, Silver and Nickel at the polymetallic Lion Zone on its Nisk Property in Nemaska, Quebec.
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TORONTO, June 4, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) is pleased to announce high-grade multi-elements assay results for holes PN-24-056 to PN-24-059.
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TORONTO, June 3, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that it has partnered with Karbon-X to offset the carbon footprint associated with the drilling of 30,000 meters. This strategic initiative underscores the Company's steadfast commitment to environmental stewardship and sustainability, reaffirming their dedication to environmental excellence for the second consecutive year.
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TORONTO, May 21, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) is pleased to announce high-grade multi-elements assay results for hole PN-24-055.
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TORONTO, May 10, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce high-grade multi-elements assay results for holes PN-24-048, PN-24-052 and PN-24-053. (see Figure 2 and Table 1 below)
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TORONTO, May 1, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that internationally recognized geoscientist Dr. Steve Beresford has joined Power Nickel as a Special Advisor.
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TORONTO, April 24, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (OTCBB: PNPNF) (TSXV: PNPN) (Frankfurt: IVV) is pleased to announce it has completed the acquisition of an additional 30% of the Nisk Project from Critical Elements Lithium. The last remaining condition was the acceptance of the filing of an NI 43-101 Technical Report which was accomplished in Q1. This brings Power Nickels percentage to 80%. Power Nickel will continue to fund 100% of expenditures at Nisk until such time as a Bankable Feasibility Study is presented.
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TORONTO, April 22, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce high-grade multi-elements assay results for holes PN-24-047 and PN-24-051.
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TORONTO, April 22, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: CMETF) (Frankfurt: IVV) announces that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure.
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Toronto, Ontario – Apr 15, 2024 – Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVV) is pleased to announce assay results for hole PN-24-044. (see Figure and Table below)
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TORONTO, April 4, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVVI) is pleased to announce that it plans to complete a Private Placement (the "Offering") for up to 10 Million common shares of the Company, at a price of $0.20 per share, for gross proceeds of CAD $2,000,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.
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TORONTO, March 20, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that the drill program aiming at following up on the Wildcat high-grade PGM intersection has intersected the anticipated mineralized zone with five (5) additional holes. If confirmed by assay results, the current mineralized envelope is interpreted to extend to a minimum of 300 m below surface, and to a minimum of 200 m laterally, and remains open in all directions.
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TORONTO, March 4, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVVI) is pleased to announce that hole PN-24-047 of the drill program aiming at following up on the Wildcat high-grade PGM intersection has intersected the anticipated mineralized zone some 40 meters to East of the discovery hole. Along with PN-24-044 (Feb 22nd, 2024), this makes it the third intersection similar to the discovery hole announced May 10th, 2023. An EM anomaly was also tested some 225 m further East (PN-24-045) but did not visually intersect significant mineralization.
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TORONTO, Feb. 21, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVVI) is pleased to announce that the first hole of a drill program following up on the Wildcat high grade PGM intersection, appears to have encountered a mineralized zone similar to the previously announced May 10th 2023.
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TORONTO , Feb. 13, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: CMETF) (Frankfurt: IVV) is pleased to announce the results of its fall drilling campaign at Nisk, the high-grade Nickel Sulfide PGM project located near Nemaska, Quebec.
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TORONTO, Jan. 23, 2024 /CNW/ - Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the "Company") announces that, further to the Company's news release dated November 29, 2023, it has filed a technical report in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects in respect of its mineral resource estimate for the "NISK" Nickel Sulphide project (the "Amended Technical Report") located in Québec. No material changes were made to the resource estimate announced in the Company's news release dated November 29, 2023.
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TORONTO, Jan. 19, 2024 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has started the 2024 winter Drill Program at the Nisk Nickel Sulfide project in Nemaska Quebec.
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TORONTO, Jan. 9, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has closed a private placement for 4,360,000 flow-through units (each an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,180,000. The FT Unit closing completed on December 29, 2023, while the balance of the back-end adjustments completed last week. The Company has received conditional TSX Venture Exchange ("TSXV") approval for this Private Placement.
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TORONTO, Dec. 12, 2023 /CNW/ - Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the "Company") announces that together with its advisors the Company has filed an official complaint detailing significant and persistent position imbalances for its stock. This troubling imbalance is defined as a broker having an insufficient number of shares in its depository account compared to the number of beneficially owned shares for its customers. This can indicate potential naked short selling and other manipulative actions designed to artificially drive down share prices. Power Nickel is bringing this to the attention of all Canadian investors to make them aware of the non-market factors that have led to the terrible performance of the TSXV despite this being on the whole a robust commodity market.
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TORONTO, Dec. 6, 2023 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV). Discover how Power Nickel, leveraging Fleet Space Technologies' mineral exploration technology, ExoSphere, is transforming the landscape of nickel exploration. This event will highlight the successful application of Ambient Noise Tomography (ANT) to generate actionable data in near real-time for identifying nickel targets, emphasizing the potential of these technologies to enhance drilling accuracy and reduce land disturbance. Terry Lynch, CEO of Power Nickel, will have a relaxed chat with Power Nickel Exploration VP Ken Williamson and a duo of top geoscience experts from Fleet Space to discuss how Power Nickel is using this technology to facilitate the successful exploration of the Nisk project in Namaska Quebec.
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TORONTO, Dec. 4, 2023 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has closed its previously announced flow-through financing of $2.75 million CAD at $0.90 per share.
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TORONTO, Nov. 29, 2023 / CNW / - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt IVV) is pleased to release the initial NI 43-101 Mineral Resource Estimate on its "NISK" Nickel Sulphide project, located near Nemaska, James Bay, Québec.
Following up a successful drilling campaign in summer of 2023, and new inputs from the recently completed FLEET Ambient Noise Tomography survey, the Nisk geological interpretation has reached a higher level of understanding, resulting in the elaboration of a robust 3D litho-structural model. This new model is fully integrated to and is constraining the current Mineral Resource Estimation ("2023 MRE").
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TORONTO, ON / November 23, 2023 / Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the “Company”) Terry Lynch, CEO of Power Nickel and founder of Save Canadian Mining, and its advisors have prepared and will file in the coming days an official complaint detailing significant and persistent position imbalances for Power Nickel's stock. This troubling imbalance is defined as a broker having an insufficient number of shares in its depository account compared to the number of beneficially owned shares for its customers. This can indicate potential naked short selling and other manipulative actions designed to artificially drive down share prices. We’re bringing this to the attention of all Canadian investors to make them aware of the non-market factors that have led to the terrible performance of the TSXV despite this being on the whole a robust commodity market.
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TORONTO, Nov. 20, 2023 /CNW/ - Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) (Frankfurt: IVV) ("Power Nickel" or the "Company") is pleased to announce the continuation of its agreement with CVMR Corporation ("CVMR"), one of the world's leaders in Nickel Powder, Wire, and Anode production, and a key supplier to the Battery, Defence, and Aerospace industry. CVMR is coordinating the production of advanced bench scale, piloting, and engineering studies on the Nisk Nickel Sulfide Project near Nemaska, Quebec to determine project feasibility. The agreement is staged, allowing for Power Nickel and CVMR to work together on various stages of engineering studies.
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TORONTO, Nov. 14, 2023 /CNW/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce it has closed the previously announced private placement of non-flow-through units ("Units") at a price of $0.25 per Unit (the "Offering"). In connection with closing the Offering, the Company issued an aggregate of 2,820,000 Units for gross proceeds of $705,000. Each Unit is comprised of one common share of the Company and one-half of one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable to acquire one common share of the Company at a price of $0.50 per share for a period of three years from the date of issuance (subject to acceleration, as described below).
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TORONTO, ON / October 24, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVV) is pleased to announce it has closed the first tranche of the private placement previously announced on October 16, 2023 (the "Offering") for 4,000,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,000,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.
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TORONTO, ON / October 16, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:PNPNF)(Frankfurt:IVV) is pleased to announce a proposed private placement of $2.75 million in new equity capital to pursue exploration expansion at Nisk the Companies flagship Nickel PGM project near Nemiscau Quebec. The Company proposes the sale of 4,000,000 Flow-Through units (each an "FT UNIT") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of $2,000,000 and a additional up to 3,000,000 non-flow-through units (each an "NFT Unit") at a price of $0.25 per NFT Unit for aggregate total proceeds of $2,750,000. The issue will be non brokered. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the private placement. The Company expects to close the private placement in the coming days.
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TORONTO, ON / September 6, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:CMETF)(Frankfurt IVV) is pleased to announce that the step out hole testing the Nisk Main Deposit 300 metres to the south and east of previous drilling has encountered at a downhole depth of 457 metres about 25 metres of massive and semi-massive sulfides.
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TORONTO, ON / August 23, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVV) is pleased to report that it has commenced its fall drilling program with the drilling of the deep target hole PN-23-036, identified as #1 in Figure 1.
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TORONTO, ON / August 15, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:CMETF)(Frankfurt:IVV) Power Nickel is pleased to enter into an agreement with CVMR Corporation, one of the world's leaders in Nickel Powder, Wire and Anode production and a key supplier to the Battery, Defence and Aerospace industry. CVMR will coordinate the production of advanced bench scale, piloting and engineering studies on the Nisk Nickel Sulfide project near Nemaska Quebec to determine project feasibility. The agreement is staged, allowing for Power Nickel and CVMR to work together on various stages of engineering studies.
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TORONTO, ON / August 3, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel")(TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce a proposed privateplacement (the "Offering") of up to 4,500,000 flow-through shares (each, an "FT Share") of theCompany, for $0.50 per FT Share, for aggregate gross proceeds of up to CAD 2,250,000.
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TORONTO, ON / July 31st, 2023 / Power Nickel Inc. ("Power Nickel" or the "Company") (TSX-V: PNPN) (OTC: PNPNF) Frankfurt: IVVI is pleased to announce it has exercised its option to acquire 50% of the Nisk project (the "Option"). Nisk is a High-Grade Nickel PGM Project near Nemaska, Quebec. In addition, the Company has notified our partner Critical Elements Lithium Corp. ("Critical Elements") that it intends to exercise its second option to acquire an additional 30% interest to bring ownership in the project to 80%. The last remaining obligation in respect of the second option is the delivery of a NI 43-101 Technical Report, which includes a resource estimate, under NI 43-101, which is expected to be delivered late Q3 or early Q4.
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TORONTO, ON / July 20, 2023 / Power Nickel Inc. ("Power Nickel" or the "Company") (TSX-V:PNPN) (OTC:PNPNF) is pleased to announce it has completed its review of the Company's assets and has formalized the following plan to optimize its non-core assets while maintaining its focus on the exploration and development of Nisk, the Company's High Grade Nickel PGM Project near Nemaska, Quebec.
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TORONTO, ON / June 15, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN), (OTCBB:PNPNF), (Frankfurt:IVVI) is pleased to announce the latest results from drill holes PN-23-029 to 035. These eight (8) holes (Table 1) were drilled to test distal targets east (PN-23-030/-031) and west (PN-23-029) of the Main Nisk deposit as well as to expand on high-grade intersections at Nisk Main (PN-23-032, -033, -034/034A, and -035; Figures 1-3).
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Toronto, Ontario - May 30, 2023 - Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVVI) is pleased to announce the latest results from drill holes PN-23-025, 027 and 028. These three (3) holes (Figure 1 and Table 1) successfully expanded the high-grade intersection in drill hole PN-22-009 (1.17% Ni, 0.80% Cu, 0.08% Co, 1.46ppm Pd, 0.23ppm Pt over 25.86m) by 75 metres depth and 150 metres of strike (Figure 2; NR January 12th, 2023).
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Power Nickel's CEO Terry Lynch will be conducting a Live Q&A Webinar hosted by Red Cloud on Wednesday, May 31 at 2:00 PM ET / 11:00 AM PT.
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TORONTO, ON / May 10, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce the discovery of a new high-grade Cu-PGE mineralized zone approximately 5km northeast of the main Nisk deposit. The target area was never previously drilled and was identified as "Wildcat." It is characterized by a strong magnetic anomaly from an ultramafic unit previously mapped in the surface outcrop. Ultramafic rocks consistent with the main Nisk deposit were intersected in hole PN-23-031A, but the high-grade mineralization is hosted in amphibolite and tonalite, which lie on top of the ultramafic sequence.
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TORONTO, ON / May 5, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce it has closed the final tranche of the private placement previously announced on March 13, 2023 (the "Offering") for 1,032,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $516,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.
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TORONTO, May 01, 2023 (GLOBE NEWSWIRE) -- Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVVI), today announced that Terry Lynch, CEO, will present live at the Battery and Precious Metals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on May 2nd, 2023.
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Toronto, Ontario – April 27, 2023 – Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: PNPNF, Frankfurt: IVVI) continues to confirm the presence of high-grade Ni-Cu-Co-PGE mineralization in the Main Zone of its Nisk project near James Bay, Quebec. In addition, step out exploration drilling 800m east of the Main Zone shows indications of a new Ni-Cu-Co-PGE zone within the same ultramafic sequence of rocks. The Main Zone drill results for holes PN-23-23 and PN-23-24 extend mineralization up dip from previous high-grade holes into an area previously believed to be a low grade zone between two high grade lodes
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TORONTO, ON / April 25, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce it has closed the second tranche of the private placement previously announced on March 13, 2023 (the "Offering") for 5,170,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $2,585,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.
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TORONTO, ON / March 31, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce it has closed the 1st tranche of the private placement previously announced on March 13, 2023 (the "Offering") for 3,418,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for gross proceeds of CAD $1,709,000. The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.
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TORONTO, ON / March 22, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:PNPNF)(Frankfurt:IVVI) is pleased to announce it has received commitments to over subscribe the previously announced private placement (the "Offering") of up to 10,000,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for aggregate gross proceeds of up to CAD $5,000,000.
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TORONTO, ON / March 12, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCBB:PNPNF)(Frankfurt:IVVI) is pleased to announce a proposed private placement (the "Offering") of up to 10,000,000 flow-through units (each, an "FT Unit") of the Company, at a price of $0.50 per FT Unit, for aggregate gross proceeds of up to CAD $5,000,000.
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It is not often investors can invest in a junior mining company that not only plans to produce green metals such as nickel but also plans to use carbon credits along the way to offset their emissions while developing a project using the latest exploration technologies. Today a company is doing just that and the company is Power Nickel Inc. (TSXV: PNPN | OTCQB: PNPNF).
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TORONTO, ON / January 26, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN),(OTCQB:CMETF),(Frankfurt:IVVI) announced today that the company has retained Karbon-X Corp (OTCQB:KARX) to retire 159 high quality Verra VCU carbon offsets, in the name of Power Nickel Inc. These 159 carbon offsets will counteract 159 tonnes of greenhouse gas (GHG) emitted by the burning of 60,000 litres of diesel in their exploratory drilling operations and represents Power Nickel's commitment to offsetting their drilling program in the years to come.
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TORONTO, ON / ACCESSWIRE / November 22, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCBB:CMETF)(Frankfurt:IVVI) is pleased to announce it has completed its over-subscribed non-brokered private placement of 13,750,000 flow-through units (each, an "FT Unit") at a price of $0.20 per FT Unit and 14,425,000 non-flow-through units (each an "NFT Unit") at a price of $0.10 per NFT Unit, for aggregate gross proceeds of CAD$4,192,500. (the "Private Placement"). The Company has received conditional TSX Venture Exchange ("TSXV") approval for the Private Placement.
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TORONTO, ON / ACCESSWIRE / October 27, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN, OTCBB:CMETF, Frankfurt:IVVI) is pleased to announce it has increased the size of its non-brokered private placement (the "Private Placement") originally announced in its news release dated October 18, 2022 (the "Original News Release") by CAD $300,000. The Private Placement will now consist of up to 10,250,000 flow-through units (each, an "FT Unit") of the Company (up from 10,000,000 FT Units) at a price of $0.20 per FT Unit and up to 12,500,000 non-flow-through units (each, an "NFT Unit") of the Company (up from 10,000,000 NFT Units) at a price $0.10 per NFT Unit, for aggregate gross proceeds of up to CAD $3,300,000. The prices of each FT Unit and each NFT Unit are unchanged from the prices set out in the Original News Release. The other terms of the FT Units and NFT Units are also unchanged from the terms set out in the Original News Release. These terms have been provided below for ease of reference.
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Toronto, Ontario – October 18th, 2022 – Power Nickel Inc. (the “Company” or “Power Nickel”) (TSX-V: PNPN, OTCBB: CMETF, Frankfurt: IVVI) is pleased to announce a proposed non-brokered private placement (the “Private Placement”) of up to 10,000,000 flow-through units (each, an “FT Unit”) of the Company at a price of $0.20 per FT Unit and up to 10,000,000 non-flow-through units (each, an “NFT Unit”) of the Company at a price $0.10 per NFT Unit, for aggregate gross proceeds of up to CAD $3,000,000.
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TORONTO, ON / ACCESSWIRE / October 6, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) announces that, as a result of a review by the staff of the British Columbia Securities Commission ("BCSC"), the Company is issuing the following news release to clarify disclosures regarding its Technical Report on the Nisk Project previously filed on SEDAR on August 30, 2022.
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TORONTO, ON / ACCESSWIRE / September 22, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) is pleased to follow up on the recent release of the NI 43-101 Technical Report and Mineral Resource Estimate ("MRE") on the "Nisk" Nickel project with the commencement of the second round of drilling. The NI 43-101 Technical Report and Mineral Resources Estimate for the Nisk Project was filed on SEDAR on August 30, 2022
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TORONTO, ON / ACCESSWIRE / August 30, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN)(OTCBB:CMETF)(Frankfurt IVVI) has filed on SEDAR the Technical Report entitled "NI 43 101 Technical Report and Mineral Resource Estimate for the Nisk Project, Eeyou Istchee James Bay territory, Québec". The Technical Report was prepared by 3DGeo Solution Inc. (3DGS) of Val-d'Or, Québec, to support the disclosure of the Nisk Project 2022 Mineral Resource Estimate on July 19, 2022. The Technical Report is available here , or read this news article and find the technical report inside.
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Chilean Metals had one very good reason behind its name change to Power Nickel Inc (TSX-V:PNPN): the NISK nickel sulphide project in Quebec which has the potential to become one of the greenest sources of class-1 nickel in the world.
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As demand for battery metals increases in line with the transition to EVs, mining company Power Nickel is establishing itself as a major player in the clean energy market. The price per tonne of nickel has increased by almost 100% year on year. The commodity bull market is here, and, thanks to the electric vehicle (EV) revolution, it is here to stay for many critical metals.
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TORONTO, ON / ACCESSWIRE / May 24, 2022 / Power Nickel Inc. (the "Company") (TSXV:PNPN) (OTCQB:CMETF) (FRA:IVVI) is pleased to announce that it has been invited to present at the Emerging Growth Conference on Wednesday, May 25, 2022
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The search for battery metals in safe locations continues as companies see the tremendous demand curve ahead for these metals to supply the electric vehicle (EV) boom. Today’s company is Power Nickel Inc. (TSXV: PNPN | OTCQB: CMETF), focused on their Canadian NISK project which contains nickel (Ni), copper (Cu), cobalt (Co), and some platinum group elements (PGE). They also have investments that give exposure to gold and copper projects in Canada and Chile, as well as a royalty agreement.
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TORONTO, ON / ACCESSWIRE / May 4, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSX-V:PNPN, OTCBB:CMETF, Frankfurt:IVVI) is pleased to announce that it has issued 5,557,125 shares as a result of warrant exercise. The $833,568.75 was added to the capital of the Company and will as announced fund the up to 5000 Metre follow-up drill program on its promising Nisk Nickel Sulphide project south of James Bay Quebec.
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TORONTO, ON / ACCESSWIRE / March 24, 2022 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN) (OTCBB:CMETF) (FRA:IVVI) is pleased to announce that a follow-up drill program has been authorized to take place as quickly as permits and a diamond drill rig can be obtained with the expectation that a 5000-meter program can commence later in Q2 after breakup.
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A promising nickel project in Quebec, several gold properties in Canada and Chile, and a license agreement with Teck Resources that could yet provide surprises - Power Nickel's list of activities is long. But the Company is consolidating. As early as the second quarter, historical data is expected to be converted into an updated resource estimate for the flagship NISK project. Shareholders also stand to receive bonus shares later this year. Here is what Terry Lynch, CEO of Power Nickel, has in mind for 2022 and what the Company needs to do to be valued at CAD 800 million instead of CAD 15 million.
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Power Nickel Inc. (the “Company” or “Power Nickel”) (TSXV:PNPN, OTCBB: CMETF, Frankfurt IVVI) is pleased to announce that it has commenced drilling on its Nisk Project. As previously noted the Company has used a new 3D geological model to generate the targets for this exploration program. The 3D geological model developed by 3DGeo-Solution Inc. (“3DGS”) identified a prospective set of targets which the Company feels will give the best potential to expand the Nisk historical deposit.
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Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) is pleased to announce that it has received and approved a 3D Litho-Structural Report on the Nisk project in James Bay from 3DGeo-Solution Inc. ("3DGS"), an expert in 3D modeling and Mineral Resource Estimation. The report identified a prospective set of targets that is felt will give the best potential to expand the Nisk historical deposit.
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Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN, OTCBB: CMETF, Frankfurt IVVI) is pleased to announce that it will commence trading under its new symbol PNPN on the TSXV on July 12, 2021. Chilean Metals has formally been renamed Power Nickel Inc. and will focus its efforts on the exploration and development of the James Bay Nisk project.
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Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSX.V:CMX)(SSE:CMX)(MILA:CMX) is pleased to announce it has agreed to acquire 100% of the Golden Ivan property from Granby Gold Inc., via a payment of 6,500,000 shares of CMX. Golden Ivan is located approximately 3 kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of 13 mineral claims, all in good standing, for a total area of approximately 797 hectares. This agreement revises the parties' earlier option agreement.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, OTCBB – CMETF, SSE:CMX, MILA: CMX) has closed a non-brokered private placement of $2,200,000 dollars, with $900,000 being done via issuance of 3,600,000 common shares at $0.25 and $1,200,000 in Flow-through Shares issued at $0.40 per share comprising of 3,000,000 shares. The proceeds from the flow-through shares will be used to incur Canadian exploration expenditures that qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)).
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Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSX.V:CMX) (OTCBB:CMETF) (SSE:CMX) (MILA:CMX) has arranged a non-brokered private placement of $2,000,000 dollars, with $1,000,000 being done via issuance of 4,000,000 common shares at $0.25 and $1,000,000 in Flow-through Shares issued at $0.40 per share comprising of 2,500,000 shares. The proceeds from the flow-through shares will be used to incur Canadian exploration expenditures that qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)).
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Chilean Metals Inc. (the "Company" or "Chilean Metals") (TSXV:CMX, OTCBB: CMETF, Frankfurt IVVI) is pleased to announce that the board of directors has approved the Company's plans to change its name to Power Nickel Inc. and to spin-off two independent public companies to carry forward with its existing Chilean and British Colombia mining assets.
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Chilean Metals Inc. (TSXV:CMX)(OTCBB:CMETF)(FRANKFURT:IVVN ) (the "Company") is pleased to announce additional efforts to broaden awareness for the Company in the investment community through the engagement of Relations Publiques Paradox Inc.
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Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSXV:CMX)(SSE:CMX)(MILA:CMX) s pleased to announce it has received TSXV conditional approval on its announced agreement to acquire 80% of the NISK property via a series of option payments and work commitments as further detailed below.
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Chilean Metals Inc (TSXV:CMX) (the "Company") is pleased to announce two initiatives to broaden awareness for the company in the investment community. It has begun trading on the OTCBB under the symbol CMETF and launched a "CEO Verified" Discussion Forum on AGORACOM. The forum will serve as the Company's primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) is pleased to report results from Phase 1 of drilling at its Tierra de Oro (Land of Gold) project in 3rd Region of Atacama about 75 km south of Copiapó, Chile.
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Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSXV:CMX)(SSE:CMX)(MILA:CMX) is pleased to announce it has received TSXV approval on its announced agreement to acquire 100% of the Golden Ivan property via a series of option payments and work commitments as further detailed below. Golden Ivan is located approximately 3 kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of 13 mineral claims, all in good standing, for a total area of approximately 797 hectares.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V: CMX, SSE: CMX, MILA: CMX) is pleased to announce it has reached subject to TSX.V approval and agreement to acquire up to 80% of the NISK property via a series of option payments and work commitments as further detailed below.
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Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSXV:CMX)(SSE:CMX)(MILA:CMX) has started on Phase 1 of drilling at its Tierra de Oro (Land of Gold) project in 3rd Region of Atacama about 75 km south of Copiapó, Chile.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V: CMX, SSE: CMX, MILA: CMX) is pleased to announced it has reached and agreement to acquire 100% of the Golden Ivan property via a series of option payments and work commitments as further detailed below. Golden Ivan is located approx. 3 kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of thirteen (13) mineral claims, all in good standing, for a total area of approximately 797 hectares.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) has entered into an agreement with a related party on the extension of $702,000 worth of debentures and advances (that are otherwise due or past due) for a further term of two years. This amended loan agreement and bonus warrants (described below) is subject to TSXV approval. The loan will carry an interest rate of 14% per annum and will be prepaid for year 1, with the interest added to the principal. Should Chilean Metals not pay off the debenture during year 2, the loan will carry forward interest only in arrears and be due on October 8, 2022.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) has completed a non brokered private placement of $3,017,525 dollars. The proposed financing resulted in the issuance of 30,175,250 units at $.10 per unit. Each unit is comprised of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Company (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share for a period of 24 months from date of closing of this offering. The Warrants will be subject to an accelerated expiry date if at any time after January 31, 2021, the Company’s common shares have a closing price equal to or greater than $0.30 per common share for ten (10) consecutive trading days on the TSX Venture Exchange, the Company shall thereafter be entitled to give notice to the holders of the CMX Warrants, by news release, that such Warrants will expire at 5:00 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to complete a best efforts financing of up to $3.00 million dollars. The proposed financing would be by way of issuance of up to 30,000,000 units at $.10 per unit. Each unit will be comprised of one common share of the Corporation (a “Common Share”) and one half of one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Corporation (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share for a period of 24 months from date of closing of this offering. Warrants will be callable If at any time after January 31, 2021, the Company’s common shares have a closing price equal to or greater than $0.30 per common share for ten (10) consecutive trading days on the TSX Venture Exchange, the Company shall thereafter be entitled to give notice to the holders of the CMX Warrants, by news release, that such warrants will expire at 5:00 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period. Participating brokers will be paid a commission of 8% and provided a broker warrant entitling them to acquire 8% of the amount invested in units for a period of 24 months.
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Chilean Metals Inc. (TSXV: CMX) (SSE: CMX) (MILA: CMX) ("Chilean Metals," "CMX" or the "Company") is pleased to advise that it has signed a C$4.5 million funding term sheet for the creation of a joint venture vehicle with ASX and AIM-listed Aura Energy Limited for its gold, base and battery metal tenements in Mauritania.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) Chilean Metals announces that further to its application for a Management Cease Trade Order (“MCTO”), which was granted by the British Columbia Securities Commission on June 17, 2020, the Company is required to provide bi-weekly status reports in accordance with the alternative information guidelines in National Policy 12-203 Management Cease Trade Orders (the “Guidelines”), until such time as the Company has completed and filed its audited annual financial statements and management’s discussion and analysis in respect of the financial year ended December 31, 2019 (the “Annual Filings”).
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) announces that it has requested a temporary Management Cease Trade Order (“MCTO”) from the British Columbia Securities Commission (“BCSC”) in connection with the Company’s filing of its audited annual financial statements (the “Audited Financial Statements”) and MD&A for the financial year ended December 31, 2019.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to complete a previously announced best efforts financing of up to $2.00 million dollars. The proposed financing would be by way of issuance of up to 20,000,000 units at $.10 per unit. Each unit will be comprised of one common share of the Corporation (a “Common Share”) and one half of one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Corporation (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share for a period of 24 months from date of closing of this offering. Warrants will be callable If at any time after October 31, 2020, the Company’s common shares have a closing price equal to or greater than $0.30 per common share for ten (10) consecutive trading days on the TSX Venture Exchange, the Company shall thereafter be entitled to give notice to the holders of the CMX Warrants, by news release, that such warrants will expire at 5:00 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period. Participating brokers will be paid a commission of 8% and provided a broker warrant entitling them to acquire 8% of the amount invested in units for a period of 24 months.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to participate in the blanket relief program announced on March 18, 2020 (the “Blanket Order”) by the Canadian Securities Administrators (the “CSA”) extending deadlines to file financial statements and Management Discussion and Analysis (“MD&A”), the Company confirms that is relying on the relief therein in respect of its audited annual 2019 financial statements and the MD&A as a result of interruptions in the flow of information required in the preparation of financial reporting obligations, which it expects to file before the extension relief expiry on June 14, 2020. Until the Company has filed such financial statements and MD&A, insiders of the Company are subject to the Company’s share trading and black-out policy.
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Chilean Metals Inc. (“Chilean Metals,” “CMX” or the “Company”) (TSX.V:CMX, SSE:CMX, MILA: CMX) intends to complete a previously announced best efforts financing of up to $1.5 million. The proposed financing would be by way of issuance of up to 30,000,000 units at $.05 per unit. Each unit will be comprised of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”), with each whole Warrant exercisable into a common share of the Corporation (a “Warrant Share”) at an exercise price of $0.05 per Warrant Share for a period of 24 months from date of closing of this offering. Participating brokers will be paid a commission of 8% and provided a broker warrant entitling them to acquire 8% of the amount invested in units for a period of 24 months.
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