TORONTO, Nov. 27,
2024 /CNW/ - Power Nickel Inc. (the
"Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF)
(Frankfurt: IVV) is pleased to announce it has engaged
Jon Christian Evensen as Strategic
Advisor to the Company.
Jon Christian "JC" Evensen will advise the board and management
of Power Nickel on a variety of topics including but not limited to
potential strategic transactions, capital markets, and maximizing
the value of the company's assets for shareholders.
Terry Lynch, CEO of Power Nickel,
commented, "As the Company looks forward from an exciting 2024
where the Lion Zone discovery turned the Nisk Project into a
globally significant polymetallic discovery towards 2025, Power
Nickel is excited to work with JC to realize the full potential of
the Nisk Project and progress it forward for the benefit of all
stakeholders."
Mr. Evensen has over a decade of experience in investment
banking and investment management focused on natural resources.
He previously served as member of the Board of Directors for
Patriot Battery Metals and is currently a Member of the Advisory
Board for Pallas Resources as well as President of Low Carbon
Royalties. In addition to these publicly disclosed roles, Mr.
Evensen, as President of Eucalyptus Resources, provides advisory
services to both select global institutional investors and
companies involved in the natural resources industry.
While at Luminus Management, he built the metals & mining
vertical to invest over $1 billion
across the capital structure along with physical commodities and
commodity futures. In addition to his time at Luminus, JC has also
worked at Millennium and in Morgan Stanley's investment banking
division.
JC Evensen, commented, "I am excited to work with Terry and the
entire Power Nickel team as they advance the exciting Lion
discovery at the Nisk Project in Quebec. From prior experience with discoveries
in Quebec, and working with
Steve Beresford at Altai Resources,
a daughter company of Pallas Resources, this is the right zip code,
the right shareholders, the right commodities, the right geology,
and hopefully the right scale for something special as the western
world looks to where the foundational building blocks of our world
will come from in the 21st century."
About Power Nickel Inc.
Power Nickel is a Canadian junior exploration company focusing
on developing the High-Grade Nickel Copper PGM, Gold and Silver
Nisk project into Canada's next
poly metallic mine.
On February 1, 2021, Power Nickel
(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 comprises a large land position (20 kilometres
of strike length) with numerous high-grade intercepts. Power Nickel
is focused on expanding the high-grade nickel-copper PGM, Gold and
Silver mineralization with a series of drill programs designed to
test the initial Nisk discovery zone, the Lion discovery zone and
to explore the land package for adjacent potential poly metallic
deposits.
In addition to the Nisk project, Power Nickel owns significant
land packages in British Columbia
and Chile. Power Nickel is
expected to reorganize these assets in a related vehicle through a
plan of arrangement.
To obtain Power Nickel's Corporate Presentation, please use
the link below:
http://powernickel.com/corporate_presentation.pdf
For further information, readers are encouraged to
contact:
Power Nickel Inc.
The Canadian Venture Building
82 Richmond St East, Suite 202
Toronto, ON
Neither the TSX Venture Exchange nor it's Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking Statements
This message contains certain statements that may be deemed
"forward-looking statements" concerning the Company within the
meaning of applicable securities laws. Forward-looking statements
are statements that are not historical facts and are generally, but
not always, identified by the words "expects," "plans,"
"anticipates," "believes," "intends," "estimates," "projects,"
"potential," "indicates," "opportunity," "possible" and similar
expressions, or that events or conditions "will," "would," "may,"
"could" or "should" occur. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward-looking statements. Such material risks and uncertainties
include, but are not limited to, among others, the timing for the
Company to close the private placement or the second Nisk option or
risk that such transactions do not close at all; raise sufficient
capital to fund its obligations under its property agreements going
forward; to maintain its mineral tenures and concessions in good
standing; to explore and develop its projects; changes in economic
conditions or financial markets; the inherent hazards associates
with mineral exploration and mining operations; future prices of
nickel and other metals; changes in general economic conditions;
accuracy of mineral resource and reserve estimates; the potential
for new discoveries; the ability of the Company to obtain the
necessary permits and consents required to explore, drill and
develop the projects and if accepted, to obtain such licenses and
approvals in a timely fashion relative to the Company's plans and
business objectives for the applicable project; the general ability
of the Company to monetize its mineral resources; and changes in
environmental and other laws or regulations that could have an
impact on the Company's operations, compliance with environmental
laws and regulations, dependence on key management personnel and
general competition in the mining industry.
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SOURCE Power Nickel Inc.