# Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2 Original source: https://www.prnewswire.com/news-releases/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-with-85-indicated-and-significant-expansion-potential-302871947.html Publisher: prnewswire Original announcement: 2026-09-11T23:58:40.186Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Power Metallic Mines Inc. - Ticker: PNPN - Exchange: Unavailable - Region: Québec - Primary commodity: Copper - Secondary commodities: Nickel, Cobalt, Platinum, Palladium, Gold, Silver - Document categories: Resource update, Metallurgy - Extracted: 2026-09-12 00:17:45 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Power Metallic Mines Inc. has announced a high-grade maiden Mineral Resource Estimate for its Lion Zone, part of the Nisk Project in Québec, averaging ~3.9% CuEq with over 85% classified as Indicated. The resource, which starts at surface and remains open for expansion, includes significant contained copper, palladium, platinum, gold, silver, nickel, and cobalt. Locked-cycle metallurgical tests on Lion mineralization returned excellent copper recoveries above 98%, with high recoveries for other metals, supporting the project's economic potential. Reasoning: The announcement presents a high-grade maiden resource for the Lion Zone with a high proportion of Indicated material and strong metallurgical results, significantly de-risking the project and highlighting its expansion potential, while also updating the Nisk resource. - Positive factor: Maiden resource for Lion Zone - Positive factor: High-grade polymetallic deposit \(Lion\) - Positive factor: High percentage of Indicated resources \(>85% for Lion\) - Positive factor: Mineralization starts at surface and remains open for expansion - Positive factor: Excellent copper recoveries \(>98%\) and high recoveries for other metals \(Pd, Pt, Au, Ag\) from locked-cycle tests for Lion - Positive factor: Project located in a region with good infrastructure and critical minerals incentives - Positive factor: QP/CP signed off on the MRE - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grades and metal equivalent assumptions are disclosed - Positive factor: Metallurgical testwork covered different ore types \(blended and low-grade composites\) - Negative factor: Lower metallurgical recoveries for some metals \(e.g., Cu 44%, Pt 27%\) for the Nisk deposit, as applied in its MRE - Negative factor: Significant portion of the Nisk resource is Inferred Facts used in scoring: 63 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document announces the 'inaugural mineral resource for the Lion Zone'. Evidence · text > inaugural mineral resource for the Lion Zone **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: Over 85% of the initial Lion resource is classified as Indicated, indicating high confidence. Evidence · text > Over 85% of the initial Lion resource is classified as Indicated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Marc-Antoine Laporte, M.Sc., P.Geo. of SGS is the independent Qualified Person responsible for the MRE. Evidence · text > Marc-Antoine Laporte, M.Sc., P.Geo. of SGS is the independent Qualified Person responsible for the MRE **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE was prepared in accordance with National Instrument 43-101. Evidence · text > MRE was prepared by SGS Canada Inc. \("SGS"\) in accordance with National Instrument 43-101 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: Cut-off grades for both open pit and underground MREs are explicitly stated. Evidence · text > Mineral Resource Estimate at a cut-off grade of 0.35% CuEq for the open pit MRE and 0.90% CuEq for the underground MRE **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Locked-cycle testing returned copper recoveries above 98% for Lion mineralization. Evidence · text > copper recoveries above 98% across all composite samples tested **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: Metallurgical test work involved locked-cycle flotation tests. Evidence · text > Locked-cycle testing completed by SGS Canada of representative mineralization from Lion has returned copper recoveries **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: Metallurgical tests were conducted on a blended composite of high-grade and low-grade material, and a low-grade disseminated composite. Evidence · text > LCT1, on a blended composite of high-grade and low-grade material representative of run-of-mine feed, and LG2, on a low-grade composite of disseminated mineralization **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Lion resource includes 601,000 Mt Inferred material, and the Nisk resource has significant Inferred portions. Evidence · text > 601,000 Mt Inferred at 4.01% CuEq **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: The Nisk MRE applied recoveries for copper \(44%\) and platinum \(27%\) are below typical thresholds for flotation. Evidence · text > 44% for Cu, 79% for Co, 27% for Pt and 67% for Pd for Nisk **Critical Minerals Project** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Copper, nickel, cobalt, platinum, and palladium are all included on critical minerals lists by various governments. Evidence · text > Copper, platinum, palladium, nickel and cobalt are each included on the critical minerals lists of Québec, Canada, the United States and the European Union **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 63. Some facts used in scoring do not have a stored record. ## Resource Estimates (56) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-0) Nisk Project · nickel #### Identity - Project: Nisk Project - Commodity: nickel - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:15194aa690cedf9a0fb1 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 5.01 - Grade Unit: % - Contained Metal: 126.74 - Contained Unit: mlb - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 211.24 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the nickel equivalent grade for a portion of the maiden Indicated resource for the Lion Zone, with disclosed assumptions. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed Evidence · table > 5.01 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-1) Nisk Project · copper #### Identity - Project: Nisk Project - Commodity: copper - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:15194aa690cedf9a0fb1 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 90.04 - Grade Unit: % - Contained Metal: 211.24 - Contained Unit: mlb - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 211.24 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the copper equivalent grade for a significant portion of the maiden Indicated resource for the Lion Zone, with disclosed assumptions. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed Evidence · table > 90.04 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-2) Nisk Project · cobalt #### Identity - Project: Nisk Project - Commodity: cobalt - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:15194aa690cedf9a0fb1 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 0.22 - Grade Unit: % - Contained Metal: 0.22 - Contained Unit: mlb - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 211.24 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with cobalt as a byproduct metal. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 0.22 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-3) Nisk Project · platinum #### Identity - Project: Nisk Project - Commodity: platinum - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:15194aa690cedf9a0fb1 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 76000 - Grade Unit: g/t - Contained Metal: 76000 - Contained Unit: oz - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 211.24 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with platinum as a valuable component of the polymetallic deposit. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 76,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-4) Nisk Project · palladium #### Identity - Project: Nisk Project - Commodity: palladium - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:15194aa690cedf9a0fb1 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 210000 - Grade Unit: g/t - Contained Metal: 210000 - Contained Unit: oz - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 211.24 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with palladium as a valuable component of the polymetallic deposit. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 210,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-5) Nisk Project · gold #### Identity - Project: Nisk Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:15194aa690cedf9a0fb1 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 37000 - Grade Unit: g/t - Contained Metal: 37000 - Contained Unit: oz - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 211.24 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with gold as a byproduct metal. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 37,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-6) Nisk Project · silver #### Identity - Project: Nisk Project - Commodity: silver - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:15194aa690cedf9a0fb1 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 1042000 - Grade Unit: g/t - Contained Metal: 1042000 - Contained Unit: oz - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 211.24 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with silver as a byproduct metal. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 1,042,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-7) Nisk Project · nickel #### Identity - Project: Nisk Project - Commodity: nickel - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:335701075624de2b8b4f - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.16 - Grade Unit: % - Contained Metal: 3.12 - Contained Unit: mlb - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 5.19 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the nickel equivalent grade for a portion of the maiden Inferred resource for the Lion Zone, with disclosed assumptions but lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.16 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-8) Nisk Project · copper #### Identity - Project: Nisk Project - Commodity: copper - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:335701075624de2b8b4f - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 2.41 - Grade Unit: % - Contained Metal: 5.19 - Contained Unit: mlb - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 5.19 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the copper equivalent grade for a portion of the maiden Inferred resource for the Lion Zone, with disclosed assumptions but lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 2.41 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-9) Nisk Project · cobalt #### Identity - Project: Nisk Project - Commodity: cobalt - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:335701075624de2b8b4f - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.01 - Grade Unit: % - Contained Metal: 0.01 - Contained Unit: mlb - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 5.19 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with cobalt as a byproduct metal and lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.01 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-10) Nisk Project · platinum #### Identity - Project: Nisk Project - Commodity: platinum - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:335701075624de2b8b4f - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 1000 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 5.19 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with platinum as a valuable component but lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 1,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-11) Nisk Project · palladium #### Identity - Project: Nisk Project - Commodity: palladium - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:335701075624de2b8b4f - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 4000 - Grade Unit: g/t - Contained Metal: 4000 - Contained Unit: oz - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 5.19 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with palladium as a valuable component but lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 4,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-12) Nisk Project · gold #### Identity - Project: Nisk Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:335701075624de2b8b4f - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 1000 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 5.19 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with gold as a byproduct metal and lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 1,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-13) Nisk Project · silver #### Identity - Project: Nisk Project - Commodity: silver - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:335701075624de2b8b4f - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 31000 - Grade Unit: g/t - Contained Metal: 31000 - Contained Unit: oz - Cutoff Grade: 0.35 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 5.19 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with silver as a byproduct metal and lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 31,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-14) Nisk Project · nickel #### Identity - Project: Nisk Project - Commodity: nickel - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:bcce4a097c39a3c32e90 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 3.98 - Grade Unit: % - Contained Metal: 84.94 - Contained Unit: mlb - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 141.57 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the nickel equivalent grade for a portion of the maiden Indicated resource for the Lion Zone, with disclosed assumptions. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed Evidence · table > 3.98 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-15) Nisk Project · copper #### Identity - Project: Nisk Project - Commodity: copper - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:bcce4a097c39a3c32e90 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 63.03 - Grade Unit: % - Contained Metal: 141.57 - Contained Unit: mlb - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 141.57 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the copper equivalent grade for a significant portion of the maiden Indicated resource for the Lion Zone, with disclosed assumptions. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed Evidence · table > 63.03 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-16) Nisk Project · cobalt #### Identity - Project: Nisk Project - Commodity: cobalt - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:bcce4a097c39a3c32e90 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 0.21 - Grade Unit: % - Contained Metal: 0.21 - Contained Unit: mlb - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 141.57 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with cobalt as a byproduct metal. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 0.21 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-17) Nisk Project · platinum #### Identity - Project: Nisk Project - Commodity: platinum - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:bcce4a097c39a3c32e90 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 38000 - Grade Unit: g/t - Contained Metal: 38000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 141.57 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with platinum as a valuable component of the polymetallic deposit. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 38,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-18) Nisk Project · palladium #### Identity - Project: Nisk Project - Commodity: palladium - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:bcce4a097c39a3c32e90 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 138000 - Grade Unit: g/t - Contained Metal: 138000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 141.57 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with palladium as a valuable component of the polymetallic deposit. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 138,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-19) Nisk Project · gold #### Identity - Project: Nisk Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:bcce4a097c39a3c32e90 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 27000 - Grade Unit: g/t - Contained Metal: 27000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 141.57 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with gold as a byproduct metal. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 27,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-20) Nisk Project · silver #### Identity - Project: Nisk Project - Commodity: silver - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:bcce4a097c39a3c32e90 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 585000 - Grade Unit: g/t - Contained Metal: 585000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 141.57 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with silver as a byproduct metal. - Positive factor: Maiden resource for Lion Zone - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 585,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-21) Nisk Project · nickel #### Identity - Project: Nisk Project - Commodity: nickel - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:72e91a123bbfd027ec92 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 1.51 - Grade Unit: % - Contained Metal: 28.77 - Contained Unit: mlb - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 47.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the nickel equivalent grade for a portion of the maiden Inferred resource for the Lion Zone, with disclosed assumptions but lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 1.51 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-22) Nisk Project · copper #### Identity - Project: Nisk Project - Commodity: copper - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:72e91a123bbfd027ec92 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 22.02 - Grade Unit: % - Contained Metal: 47.95 - Contained Unit: mlb - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 47.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the copper equivalent grade for a portion of the maiden Inferred resource for the Lion Zone, with disclosed assumptions but lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 22.02 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-23) Nisk Project · cobalt #### Identity - Project: Nisk Project - Commodity: cobalt - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:72e91a123bbfd027ec92 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 0.08 - Grade Unit: % - Contained Metal: 0.08 - Contained Unit: mlb - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 47.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with cobalt as a byproduct metal and lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.08 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-24) Nisk Project · platinum #### Identity - Project: Nisk Project - Commodity: platinum - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:72e91a123bbfd027ec92 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 10000 - Grade Unit: g/t - Contained Metal: 10000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 47.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with platinum as a valuable component but lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 10,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-25) Nisk Project · palladium #### Identity - Project: Nisk Project - Commodity: palladium - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:72e91a123bbfd027ec92 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 51000 - Grade Unit: g/t - Contained Metal: 51000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 47.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with palladium as a valuable component but lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 51,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-26) Nisk Project · gold #### Identity - Project: Nisk Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:72e91a123bbfd027ec92 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 7000 - Grade Unit: g/t - Contained Metal: 7000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 47.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with gold as a byproduct metal and lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 7,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-27) Nisk Project · silver #### Identity - Project: Nisk Project - Commodity: silver - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:72e91a123bbfd027ec92 - Deposit or zone: Lion - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 210000 - Grade Unit: g/t - Contained Metal: 210000 - Contained Unit: oz - Cutoff Grade: 0.9 - Cutoff Unit: % CuEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 47.95 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with silver as a byproduct metal and lower confidence. - Positive factor: Maiden resource for Lion Zone - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 210,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-28) Nisk Project · nickel #### Identity - Project: Nisk Project - Commodity: nickel - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:e6b8ae75e32d75587bcb - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 7.99 - Grade Unit: % - Contained Metal: 13.49 - Contained Unit: mlb - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 1.01 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the nickel equivalent grade for a portion of the updated Indicated resource for the Nisk Main deposit, with disclosed assumptions. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed Evidence · table > 7.99 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-29) Nisk Project · copper #### Identity - Project: Nisk Project - Commodity: copper - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:e6b8ae75e32d75587bcb - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 4.66 - Grade Unit: % - Contained Metal: 22.47 - Contained Unit: mlb - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 1.68 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the copper equivalent grade for a portion of the updated Indicated resource for the Nisk Main deposit, with disclosed assumptions. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed Evidence · table > 4.66 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-30) Nisk Project · cobalt #### Identity - Project: Nisk Project - Commodity: cobalt - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:e6b8ae75e32d75587bcb - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.53 - Grade Unit: % - Contained Metal: 0.53 - Contained Unit: mlb - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with cobalt as a byproduct metal. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 0.53 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-31) Nisk Project · platinum #### Identity - Project: Nisk Project - Commodity: platinum - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:e6b8ae75e32d75587bcb - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 2000 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with platinum as a valuable component. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 2,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-32) Nisk Project · palladium #### Identity - Project: Nisk Project - Commodity: palladium - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:e6b8ae75e32d75587bcb - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 10000 - Grade Unit: g/t - Contained Metal: 10000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with palladium as a valuable component. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 10,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-33) Nisk Project · gold #### Identity - Project: Nisk Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:e6b8ae75e32d75587bcb - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 1000 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with gold as a byproduct metal. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 1,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-34) Nisk Project · silver #### Identity - Project: Nisk Project - Commodity: silver - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:e6b8ae75e32d75587bcb - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 43000 - Grade Unit: g/t - Contained Metal: 43000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with silver as a byproduct metal. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 43,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-35) Nisk Project · nickel #### Identity - Project: Nisk Project - Commodity: nickel - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:ad1433ed4dc4fa5c7c60 - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 2.5 - Grade Unit: % - Contained Metal: 3.99 - Contained Unit: mlb - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 0.86 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the nickel equivalent grade for a portion of the updated Inferred resource for the Nisk Main deposit, with disclosed assumptions but lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 2.50 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-36) Nisk Project · copper #### Identity - Project: Nisk Project - Commodity: copper - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:ad1433ed4dc4fa5c7c60 - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 1.03 - Grade Unit: % - Contained Metal: 6.66 - Contained Unit: mlb - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 1.44 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the copper equivalent grade for a portion of the updated Inferred resource for the Nisk Main deposit, with disclosed assumptions but lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 1.03 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-37) Nisk Project · cobalt #### Identity - Project: Nisk Project - Commodity: cobalt - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:ad1433ed4dc4fa5c7c60 - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.16 - Grade Unit: % - Contained Metal: 0.16 - Contained Unit: mlb - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with cobalt as a byproduct metal and lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 0.16 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-38) Nisk Project · platinum #### Identity - Project: Nisk Project - Commodity: platinum - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:ad1433ed4dc4fa5c7c60 - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 500 - Grade Unit: g/t - Contained Metal: 500 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with platinum as a valuable component but lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 500 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-39) Nisk Project · palladium #### Identity - Project: Nisk Project - Commodity: palladium - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:ad1433ed4dc4fa5c7c60 - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 3000 - Grade Unit: g/t - Contained Metal: 3000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with palladium as a valuable component but lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 3,000 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-40) Nisk Project · gold #### Identity - Project: Nisk Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:ad1433ed4dc4fa5c7c60 - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 200 - Grade Unit: g/t - Contained Metal: 200 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with gold as a byproduct metal and lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 200 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-41) Nisk Project · silver #### Identity - Project: Nisk Project - Commodity: silver - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:ad1433ed4dc4fa5c7c60 - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 14000 - Grade Unit: g/t - Contained Metal: 14000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with silver as a byproduct metal and lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 14,000 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-42) Nisk Project · nickel #### Identity - Project: Nisk Project - Commodity: nickel - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:a961e54bb475bb50b63a - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 44.44 - Grade Unit: % - Contained Metal: 76.13 - Contained Unit: mlb - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 1.65 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the nickel equivalent grade for a portion of the updated Indicated resource for the Nisk Main deposit, with disclosed assumptions. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed Evidence · table > 44.44 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-43) Nisk Project · copper #### Identity - Project: Nisk Project - Commodity: copper - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:a961e54bb475bb50b63a - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 24.52 - Grade Unit: % - Contained Metal: 126.89 - Contained Unit: mlb - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 2.75 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the copper equivalent grade for a portion of the updated Indicated resource for the Nisk Main deposit, with disclosed assumptions. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed Evidence · table > 24.52 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-44) Nisk Project · cobalt #### Identity - Project: Nisk Project - Commodity: cobalt - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:a961e54bb475bb50b63a - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 2.83 - Grade Unit: % - Contained Metal: 2.83 - Contained Unit: mlb - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with cobalt as a byproduct metal. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 2.83 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-45) Nisk Project · platinum #### Identity - Project: Nisk Project - Commodity: platinum - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:a961e54bb475bb50b63a - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 14000 - Grade Unit: g/t - Contained Metal: 14000 - Contained Unit: oz - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with platinum as a valuable component. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 14,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-46) Nisk Project · palladium #### Identity - Project: Nisk Project - Commodity: palladium - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:a961e54bb475bb50b63a - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 61000 - Grade Unit: g/t - Contained Metal: 61000 - Contained Unit: oz - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with palladium as a valuable component. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 61,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-47) Nisk Project · gold #### Identity - Project: Nisk Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:a961e54bb475bb50b63a - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 3000 - Grade Unit: g/t - Contained Metal: 3000 - Contained Unit: oz - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with gold as a byproduct metal. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 3,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-48) Nisk Project · silver #### Identity - Project: Nisk Project - Commodity: silver - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:a961e54bb475bb50b63a - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 135000 - Grade Unit: g/t - Contained Metal: 135000 - Contained Unit: oz - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with silver as a byproduct metal. - Positive factor: Updated resource - Positive factor: High confidence category \(Indicated\) - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant Evidence · table > 135,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-49) Nisk Project · nickel #### Identity - Project: Nisk Project - Commodity: nickel - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:f4de004cdfeb65e6b6cd - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 39.17 - Grade Unit: % - Contained Metal: 69.06 - Contained Unit: mlb - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 1.73 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the nickel equivalent grade for a portion of the updated Inferred resource for the Nisk Main deposit, with disclosed assumptions but lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 39.17 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-50) Nisk Project · copper #### Identity - Project: Nisk Project - Commodity: copper - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:f4de004cdfeb65e6b6cd - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 22.53 - Grade Unit: % - Contained Metal: 115.09 - Contained Unit: mlb - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Metal Eq. Grade: 2.89 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is the copper equivalent grade for a portion of the updated Inferred resource for the Nisk Main deposit, with disclosed assumptions but lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 22.53 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-51) Nisk Project · cobalt #### Identity - Project: Nisk Project - Commodity: cobalt - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:f4de004cdfeb65e6b6cd - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 2.5 - Grade Unit: % - Contained Metal: 2.5 - Contained Unit: mlb - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with cobalt as a byproduct metal and lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 2.50 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-52) Nisk Project · platinum #### Identity - Project: Nisk Project - Commodity: platinum - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:f4de004cdfeb65e6b6cd - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 15000 - Grade Unit: g/t - Contained Metal: 15000 - Contained Unit: oz - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with platinum as a valuable component but lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 15,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-53) Nisk Project · palladium #### Identity - Project: Nisk Project - Commodity: palladium - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:f4de004cdfeb65e6b6cd - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 61000 - Grade Unit: g/t - Contained Metal: 61000 - Contained Unit: oz - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with palladium as a valuable component but lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 61,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-54) Nisk Project · gold #### Identity - Project: Nisk Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:f4de004cdfeb65e6b6cd - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 2000 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with gold as a byproduct metal and lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 2,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-resource-facts-55) Nisk Project · silver #### Identity - Project: Nisk Project - Commodity: silver - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Resource scope - Estimate type: resource - Effective date: 2026-06-19T00:00:00.000Z - Reporting standards: ni\_43\_101, jorc, sec\_sk1300 - QP Signed: Yes - Qualified person names: Marc-Antoine Laporte - Resource group id: resource:f4de004cdfeb65e6b6cd - Deposit or zone: Nisk Main - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 91000 - Grade Unit: g/t - Contained Metal: 91000 - Contained Unit: oz - Cutoff Grade: 0.8 - Cutoff Unit: % NiEq #### Prior Estimate - Resource Date: 2026-06-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: SGS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with silver as a byproduct metal and lower confidence. - Positive factor: Updated resource - Positive factor: QP/CP signed - Positive factor: NI 43-101 compliant - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 91,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## Metallurgical Results (7) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-metallurgical-facts-56) Nisk Project · copper #### Identity - Project: Nisk Project - Commodity: copper - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: MRE applied recovery #### Recovery - Recovery: 98.5 % - Recovery Basis: theoretical #### Lab - Laboratory: SGS - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: High copper recovery applied in the MRE for Lion, reflecting strong metallurgical expectations. - Positive factor: High recovery Evidence · table > 98.5 % Context: Recovery applied in MRE \(%\) #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Theoretical Recovery Only** Polarity: negative Definition: Only theoretical or liberation-derived recovery reported, with no actual test result. Why it applies: recovery\_basis is theoretical **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 98.5% is at or above the exceptional band \(92%\) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-metallurgical-facts-57) Nisk Project · nickel #### Identity - Project: Nisk Project - Commodity: nickel - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: MRE applied recovery #### Recovery - Recovery: 63 % - Recovery Basis: theoretical #### Lab - Laboratory: SGS - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Moderate nickel recovery applied in the MRE for Lion. Evidence · table > 63 % Context: Recovery applied in MRE \(%\) #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Theoretical Recovery Only** Polarity: negative Definition: Only theoretical or liberation-derived recovery reported, with no actual test result. Why it applies: recovery\_basis is theoretical **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 63% is below the weak band \(75%\) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-metallurgical-facts-58) Nisk Project · palladium #### Identity - Project: Nisk Project - Commodity: palladium - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: MRE applied recovery #### Recovery - Recovery: 92 % - Recovery Basis: theoretical #### Lab - Laboratory: SGS - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: High palladium recovery applied in the MRE for Lion, reflecting strong metallurgical expectations. - Positive factor: High recovery Evidence · table > 92 % Context: Recovery applied in MRE \(%\) #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Theoretical Recovery Only** Polarity: negative Definition: Only theoretical or liberation-derived recovery reported, with no actual test result. Why it applies: recovery\_basis is theoretical ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-metallurgical-facts-59) Nisk Project · platinum #### Identity - Project: Nisk Project - Commodity: platinum - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: MRE applied recovery #### Recovery - Recovery: 90 % - Recovery Basis: theoretical #### Lab - Laboratory: SGS - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: High platinum recovery applied in the MRE for Lion, reflecting strong metallurgical expectations. - Positive factor: High recovery Evidence · table > 90 % Context: Recovery applied in MRE \(%\) #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Theoretical Recovery Only** Polarity: negative Definition: Only theoretical or liberation-derived recovery reported, with no actual test result. Why it applies: recovery\_basis is theoretical ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-metallurgical-facts-60) Nisk Project · gold #### Identity - Project: Nisk Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: MRE applied recovery #### Recovery - Recovery: 84 % - Recovery Basis: theoretical #### Lab - Laboratory: SGS - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Strong gold recovery applied in the MRE for Lion, reflecting good metallurgical expectations. - Positive factor: Strong recovery Evidence · table > 84 % Context: Recovery applied in MRE \(%\) #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Theoretical Recovery Only** Polarity: negative Definition: Only theoretical or liberation-derived recovery reported, with no actual test result. Why it applies: recovery\_basis is theoretical ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-metallurgical-facts-61) Nisk Project · silver #### Identity - Project: Nisk Project - Commodity: silver - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: MRE applied recovery #### Recovery - Recovery: 82 % - Recovery Basis: theoretical #### Lab - Laboratory: SGS - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Strong silver recovery applied in the MRE for Lion, reflecting good metallurgical expectations. - Positive factor: Strong recovery Evidence · table > 82 % Context: Recovery applied in MRE \(%\) #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Theoretical Recovery Only** Polarity: negative Definition: Only theoretical or liberation-derived recovery reported, with no actual test result. Why it applies: recovery\_basis is theoretical ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--1f30a92a-2b36-4cde-be5d-a63408c154f2#fact-metallurgical-facts-62) Nisk Project · cobalt #### Identity - Project: Nisk Project - Commodity: cobalt - Region: canada\_qc - Reported Region: Québec - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: flotation - Sample: MRE applied recovery #### Recovery - Recovery: 70 % - Recovery Basis: theoretical #### Lab - Laboratory: SGS - Consultant: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-11T00:00:00.000Z Reasoning: Good cobalt recovery applied in the MRE for Lion. Evidence · table > 70 % Context: Recovery applied in MRE \(%\) #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Theoretical Recovery Only** Polarity: negative Definition: Only theoretical or liberation-derived recovery reported, with no actual test result. Why it applies: recovery\_basis is theoretical ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.