Core Points - Power Metallic Mines Inc. held its Annual General and Special Meeting (AGSM) on November 20, 2025, where shareholders voted in favor of all proposed business items, including the election of directors and the approval of the Omnibus Equity Incentive Plan [1][2]. Group 1: AGSM Results - All items presented at the AGSM received shareholder approval, including the election of directors Terry Lynch, Peter Kent, Les Mallard, Greg McKenzie, Steve Beresford, and Seamus O'Regan [1]. - The meeting saw just over 31% of the Company's issued and outstanding common shares voted [1]. Group 2: Omnibus Equity Incentive Plan - The Omnibus Equity Incentive Plan replaces the previous stock option plan, allowing the Company to grant various forms of equity compensation, including Restricted Share Units, Deferred Share Units, and Performance Share Units [2]. - This new plan complies with TSX Venture Exchange Policy 4.4 regarding Securities Based Compensation [2]. Group 3: Company Developments - Power Metallic is advancing its application for a listing on the New York Stock Exchange (NYSE), pending regulatory approval, with an update expected in early January following the Q3 financial review [4]. - The Company controls approximately 212.86 km² of land in the Nisk Project Area after acquiring additional claims, focusing on high-grade Copper-PGE, Nickel, gold, and silver systems [5][6]. - Power Metallic also owns 100% of Power Metallic Arabia, which holds a significant exploration license in Saudi Arabia, recognized for its high prospectivity for copper, gold, and zinc mineralization [7].

Core Viewpoint - Power Metallic Mines Inc. has released assay results from its summer drilling program, highlighting significant mineralization in the Lion Zone and outlining future exploration objectives for the fall and winter seasons [1][10]. Summer Drilling Results - The summer drilling program aimed to explore extensions of the Lion Zone, focusing on down plunge mineralization and infill drilling to define the zone geometry for future resource estimates [1][2]. - Technical issues with helicopter-supported drills led to lost holes, but hole PML-25-017 confirmed the extension of the Lion structure with a disseminated zone of 7.00m at 1.41% CuEq [2][3]. - In-fill drilling successfully defined mineralization along high-grade shoots within the Lion zone, with notable intersections including 6.85m at 13.15% CuEq in hole PML-25-022 [4]. Land Assembly Activities - Power Metallic has significantly increased its land package by over 600%, expanding from 46 km to 313 km, which includes critical areas for exploration [10][11]. - The acquisition of Hydro Quebec surface leases has allowed the company to explore previously restricted areas, enhancing its understanding of the geological framework [11][12]. Future Exploration Plans - The company plans to utilize more powerful skid drills for deeper testing of the Lion Zone to avoid previous technical issues [3]. - The BHEM survey has identified large anomalies at the Tiger Deep target, indicating potential for significant mineralization between the Lion and Tiger zones [9][10]. Marketing Services Agreements - Power Metallic has entered into multiple marketing services agreements to enhance market awareness, including contracts with Native Ads, Sideways Frequency, and Apaton Finance, totaling up to approximately US$402,817 [14][15][16].

Core Viewpoint - 80 Mile PLC has entered into a Binding Head of Terms with USFM Corporation for a US$30 million investment to acquire a 51% interest in the Disko-Nuussuaq project in Greenland, positioning the company to advance its exploration and development efforts in a region rich in critical minerals [1][2][4]. Financial Terms - The US Partner will invest US$30 million in three increments of US$10 million over three years to earn a 51% interest in the Disko project [7]. - 80 Mile will receive a management fee of 12.5% on all expenditures incurred at Disko and a cash payment of £500,000 upon signing definitive agreements [1][7]. Project Details - Disko is identified as a highly prospective area for copper, nickel, cobalt, and platinum group elements (PGE), with significant mineralization potential similar to the Norilsk-Talnakh mine in Russia [6][9]. - The project area covers 3,015 square kilometers and is located approximately 120 kilometers from Ilulissat, which has essential infrastructure to support operations [12]. Geological Significance - Seven significant Magmatic Massive Sulphide (MMS) targets have been identified, with the largest measuring 5.9 km by 1.1 km [9]. - A 28-ton boulder of pure massive sulphides has been discovered, assaying 6.9% nickel, 3.7% copper, 0.6% cobalt, and 2 grams per tonne of platinum group metals [9][10]. Strategic Importance - The partnership with USFM Corporation is seen as a major milestone for both Disko and 80 Mile, aimed at accelerating drilling and resource definition while maintaining operational leadership [5][6]. - The project is positioned within a global context of increasing demand for critical resources, particularly from the U.S. administration's interest in Greenland's minerals [4][5].

Core Insights - Power Metallic Mines Inc. is conducting preliminary metallurgical studies to assess the economic potential of its Nisk project, which is crucial for resource reporting and development risk mitigation [1][2][6] - The metallurgical testing is being performed by SGS Canada Ltd, focusing on the recovery potential of various metals including copper, platinum group elements (PGEs), gold, silver, and nickel [1][2][5] - The Lion deposit has been identified with two mineralization zones: a High-Grade zone (HG) and a lower grade Hanging-wall Zone (LG), with the majority of metal value concentrated in the HG zone [3][4] Metallurgical Testing Details - The testing involves a competitive bid process, with SGS Canada Inc. awarded the contract due to their expertise in flotation metallurgical testing [1] - Approximately 300 kg of sample material from each mineralization zone has been collected, with specific procedures for creating composite samples for testing [5] - The metallurgical tests are expected to take around 14 weeks, with results anticipated to be reported by January 2026 [6] Mineralization Characteristics - The copper mineralization is primarily found in coarse-grained chalcopyrite and cubanite, which are expected to yield good recoveries through conventional concentration methods [2] - The HG zone consists of semi-massive to massive copper sulphide mineralization, while the LG zone contains disseminated and veined structural mineralization [3][4] Company Overview - Power Metallic is focused on advancing the Nisk Project Area, which includes high-grade copper, PGE, nickel, gold, and silver systems [9] - The company has expanded its land holdings significantly, now controlling approximately 212.86 km² of prospective land following recent acquisitions [10][11] - Power Metallic also has interests in exploration licenses in Saudi Arabia, further diversifying its mineral exploration portfolio [12]

Core Insights - Azimut Exploration Inc. has reported positive results from a systematic field program on its Wabamisk East Property, revealing a large-scale system of spodumene pegmatites with significant lithium potential [1][7]. Group 1: Project Overview - The Wabamisk East Property consists of 205 claims covering 108.5 km and is wholly owned by Azimut, which has optioned it to Rio Tinto for lithium exploration [8]. - Under a revised option agreement, Rio Tinto can earn up to a 70% interest by spending $85 million, with Azimut acting as the operator during the initial phase [2][11]. Group 2: Geological Findings - The pegmatite bodies at Lithos-North and Lithos-South exhibit variable thicknesses, with the former showing thicknesses from 10 to over 50 meters and the latter from 10 to 15 meters [5][6]. - A total of 86 distinct spodumene-bearing outcrops have been identified, with 63 of 109 grab samples collected in 2025 returning grades higher than 0.5% Li2O, including 29 samples exceeding 2.0% Li2O, with a maximum grade of 6.93% Li2O [7]. Group 3: Future Plans - Azimut plans to propose an aggressive drilling program to Rio Tinto for early 2026 as the project progresses towards the drilling stage [2]. - The ongoing mechanical stripping is expected to expand the known footprint of the pegmatitic bodies and confirm continuous mineralization over a significant area [7].

Core Insights - Metallic Minerals Corp. has provided an update on its gold and silver royalty portfolio in the Yukon, highlighting ongoing exploration activities [1] - The company is also conducting exploration programs at its Keno Silver Project located in central Yukon [1] - A forthcoming update will detail the company's exploration initiatives at the La Plata Copper-Silver-PGE-Gold Project in southwestern Colorado [1]

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]