Power Metallic Mines (TSXV: PNPN) is advancing the Nisk Project in northern Quebec, where recent drilling and metallurgy have reshaped the company’s outlook. In this PDAC 2026 interview, CEO Terry Lynch outlines how the Lion Zone discovery changed the project from a nickel focus to a broader polymetallic system.
The conversation centres on recent metallurgy results from SGS Canada. Recoveries reached about 95%, which is above earlier assumptions. That result adds confidence to the Nisk Project as it moves toward economic studies. The company is also continuing a large drill program across the Nisk and Lion zones.
Metallurgy and Geological Shift
The Lion Zone is described as a copper-rich polymetallic system with platinum, palladium, gold, and silver. Lynch explains that the deposit shows characteristics of an orthomagmatic system, a rare class of deposits that includes Norilsk, Voisey’s Bay, and Sakatti.
Because the system is high-grade and remobilized, the material appears easier to process. That helps explain the strong recoveries reported. As a result, metallurgy has become a key part of the Nisk Project story, rather than a risk factor.
Scale, Funding, and Catalysts
The company has raised roughly $50 million, with participation from investors such as Robert Friedland, Rob McEwen, and Gina Rinehart. That funding supports ongoing drilling and project development.
At the same time, Power Metallic is moving its Preliminary Economic Assessment (PEA) timeline forward. Management now expects the PEA later this year. The Nisk Project also benefits from strong infrastructure, including road access and nearby hydroelectric power. Even so, Lynch notes that the share price has remained relatively flat despite rising commodity prices and project growth.
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