Power Metallic Mines Delays Resource Estimate Release Amid Continued Exploration
Power Metallic Mines Inc (TSX-V:PNPN) has delayed the release of its 2026 mineral resource estimate for the Nisk and Lion discoveries at its Quebec-based polymetallic project until late August. The delay is attributed to scheduling constraints at a consulting engineering firm handling the report, which already possesses all necessary data from Power Metallic but faces staff availability issues due to overlapping projects. Despite this setback, exploration activities remain active with five drill rigs in operation. Assay results are expected starting in September and continuing through fall 2026. The company also plans to integrate findings from the Squid survey and Muon geophysical program into its fall drilling efforts after a break period between mid-September and early October. On corporate matters, Power Metallic is progressing with its Nasdaq listing application following shareholder approval of updated charter documents in June 2026. The company also granted stock options and deferred share units to directors, officers, and consultants.
Topics: exploration update mining resource estimate delay stock options