Core Viewpoint - Power Metallic Mines Inc. has successfully acquired a 100% interest in 313 mineral claims totaling 167 km² from Li-FT Power Ltd, expanding its land holdings in the Nisk Project Area, which is known for high-grade mineral discoveries [1][7]. Acquisition Details - The acquisition includes a cash payment of $700,000 and the issuance of 6,000,000 common shares, with specific hold periods for the shares as per Canadian securities laws [2]. - Li-FT retains a 0.5% Net Smelter Return (NSR) on the acquired claims, and some claims have underlying royalties and buy-back rights from previous agreements [2]. Company Growth and Strategy - Power Metallic now controls approximately 212.86 km² in the Nisk camp, which includes significant strike lengths on both the northern and southern margins of the basin [1][7]. - The company is focused on advancing the Nisk Project Area, which includes the Nisk, Lion, and Tiger discoveries, and is actively expanding mineralization through drilling programs [6][8]. Financial Reporting Updates - For the recently completed Q2 ended June 30, 2025, the company will reclassify certain investor relations expenses to provide clearer financial reporting, with no impact on previous financial statements [5]. Administrative Changes - Power Metallic has appointed MNP LLP as its new auditor to support its growth and potential listings on senior stock exchanges [4]. Additional Interests - Beyond the Nisk Project Area, Power Metallic has indirect interests in significant land packages in British Columbia and Chile through its 50% ownership in Chilean Metals Inc. [9]. - The company also owns 100% of Power Metallic Arabia, which holds an exploration license in Saudi Arabia's Jabal Said Belt, recognized for its high prospectivity for copper, gold, and zinc [10].

Core Insights - The company is actively advancing its summer to fall drilling campaign, with significant upgrades to its logging and core cutting facilities completed to enhance exploration efficiency [1][2] - A total of four drill rigs are operational, targeting various zones with a planned drilling meter range of 10,000-12,500 meters at Lion, 5,000-6,250 meters at Tiger, and 5,000-6,250 meters at Nisk Main, Nisk West, and Nisk East [9][10] - The company is expanding its land package by over 300% through the acquisition of 167 km² from Li-FT Power, which is expected to close soon [13][18] Exploration and Drilling Activities - The drilling program includes borehole EM surveys to identify off-hole anomalies, with successful mineralization discoveries reported [3][7] - An airborne EM/magnetic survey is underway to define EM conductors over prospective geology, with approximately one-third completed [4] - A LiDAR survey is being conducted to provide detailed topography, which will aid in identifying outcrop areas for mapping crews [5] Mineralization and Resource Development - The company is focused on developing mineralization along the Nisk-Lion-Tiger trend, with ongoing drilling expected to accelerate discovery and expansion [7] - At the Lion zone, two fly rigs are operational to extend and infill the known deposit, with five holes completed and assays pending [8] - Drilling at the Nisk deposit is targeting potential mineralization between Nisk and Lion, with three holes completed and assays pending [12] Future Plans and Permitting - The company is in the process of acquiring drill permits for the newly acquired lands and extending the Lion-Nisk target area, with expectations for permitting during the current drill campaign [14] - Once the AEM and LiDAR surveys are completed, drill targets will be developed in the new areas [15]