Kevin Hobbs

Investors sometimes ask why we don't just drill more holes. Fair question. Here's the answer: We're about to put 30,000+ meters of drilling into the ground over the next two quarters. That's a lot of capital. The difference between a great exploration program and a mediocre one is knowing where to point the drill before you turn it on. That's why we just deployed three separate geophysical surveys across the Nisk project. SQUIDs at Lion and Lion West to map deep magnetic targets for copper and nickel-copper mineralization. Gravity across Lion, Nisk, and Nisk West to find high-density massive sulphide targets. And a 200-sensor Ambient Noise Tomography array at Nisk Far West to build a full 3D model of the subsurface before we drill it. Every one of these programs feeds directly into our drill targeting. You don't find district-scale deposits by guessing. You find them by being systematic. $PNPN.V | $PNPNF

If you think mining success is only about grades and tonnage, you’re missing half the story. In the junior mining space, market dynamics can be just as important as what’s in the ground. And one of the biggest threats to fair markets—especially in Canada—is naked short selling. It’s a practice that floods the market with phantom shares, artificially drives prices down, and damages shareholder value. I’ve seen good companies set back years because of it. At Power Metallic, we’ve taken a different stance: transparency, open communication, and a willingness to call this out publicly. We’ve built a shareholder base that includes retail investors, institutional capital, and more than 15 billionaires—not because we promise the moon, but because we tell the truth about what we’re doing, what we’ve found, and where we’re headed. We’ll keep building world-class resources like Nisk. nd we’ll keep fighting for the market integrity that ensures those resources are valued fairly. Because in my view, building the asset and defending the market are both part of the same job. --Terry

Carbon-neutral mining isn’t a fantasy. We’re engineering it right now in northern Quebec. At Power Metallic, we’re not just chasing high-grade discoveries. We’re already doing the baseline work on what we believe could be the world’s first carbon-neutral polymetallic mine. Here’s how: Carbon offsetting. Since we initiated the first drilling program at NISK, we have offset our CO2 impact with the help of Karbon-X, a leader in verified and efficient emissions offset projects. And we will continue to do that as long as we drill. Powered by Hydro Quebec. Our site sits right across the road from a substation. Clean, consistent, renewable energy on tap. No external air or water needed. We’re exploring metallurgical processing partnerships that eliminate traditional smelting, including chemical metal vapor technology with CVMR. It's a low-energy, closed-loop system with minimal emissions. Nickel powder, not concentrate. We’re working on a feasibility study to convert our NISK nickel into high-purity nickel powder. This is used in EV batteries, 3D printing, and even defence applications. It sells for $40,000–$60,000 per tonne, compared to $15,000 for concentrate. And the margins are even better. Smart ESG, not slogans. We’re not just slapping on green labels. The mine we’re designing makes both environmental and economic sense. Because in the next 10 years, carbon penalties will be just as real as royalties. There’s a lot of noise in the ESG space. But at Power Metallic, we don’t need to make noise. We’ll let the engineering (and the economics) do the talking. Our goal is simple: Build a generational polymetallic asset, responsibly and profitably. And if we can help prove that carbon-neutral mining is possible while we do it... Even better.