The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length purchase agreement between Power Metallic Mines Inc. and an arm's-length party, Li-FT Power Ltd. Pursuant to the agreement, the company has acquired a 100-per-cent interest in 313 mineral claims adjoining the company's Nisk property, located in the province of Quebec.

As consideration for the properties, the company on closing will: (i) pay the vendor cash consideration of $700,000; and (ii) issue to the vendor six million common shares of the company. Further, the vendor will retain a 0.5-per-cent net smelter return (NSR) royalty on the properties.

For further details, please refer to the company's news release dated June 9, 2025.