Power Metallic is a Canadian exploration company focused on developing the High-Grade Nickel-Copper-PGM-Gold-Silver Nisk project into potentially Canada’s next polymetallic mine. On February 1, 2021, Power Metallic (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (CRE: TSXV). The Nisk property spans a significant land position with 20 kilometers of strike length and numerous high-grade intercepts. Power Metallic is actively conducting drill programs to expand the high-grade Nickel, Copper, PGM, Gold and Silver mineralization in the initial Nisk discovery zone, the Lion discovery zone, and other areas of the property, with the aim of identifying adjacent polymetallic deposits. In addition to the Nisk project, Power Metallic currently owns significant land packages in British Colombia and Chile, which are the subject of the Spin-Out and will be owned by Chilean Metals Inc. if the Arrangement becomes effective.
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