Power Metallic Mines (PNPN) Sidoti Micro-Cap Virtual Conference summary

Project highlights and discoveries

• Lion Zone discovery established a rare, high-grade polymetallic deposit, with grades averaging over 10% copper equivalent and significant platinum, palladium, gold, and silver content.

• Deposit extends from surface to at least 1,200 m, with mineralization accessible near surface, supporting open pit mining for the initial years.

• Located in Quebec near major infrastructure, with strong support from the James Bay Cree, who are shareholders and strategic partners.

• Substantial land package expansion to over 300,000 sq km, now controlling seven of eight major regional targets.

• Metallurgical testing shows exceptional recovery rates: 98.9% for copper, mid to high 90%s for platinum and palladium, and mid to high 80%s for gold and silver.

Financials, partnerships, and capital structure

• Benefited from provincial and federal tax credits covering 55% of facility build costs, reducing capital requirements.

• Raised CAD 50 million in 2023, enabling a 100,000-m drill program; key shareholders and industry leaders hold significant stakes.

• Financing structure leverages flow-through shares, minimizing dilution and attracting high-profile investors.

• CEO and family own 19%, with another 25% held by long-term, reputable investors.

• Considering a Nasdaq listing in August or September to broaden market access.

Operational strategy and milestones

• Six rigs active, with drilling focused on expanding resources and testing new targets; 65,000 m planned for this year.

• Mineral Resource Estimate (MRE) expected in July, Preliminary Economic Assessment (PEA) in December, with feasibility study to follow.

• Open pit mining planned for the first three years, transitioning to underground mining thereafter.

• Projected production start as early as 2029, pending permitting and feasibility outcomes.

• Efficient, virtual company structure with minimal overhead and outsourced operations.