(Power Nickel, 22.Apr.2024) — Power Nickel Inc. (TSXV: PNPN) (OTCBB: CMETF) (Frankfurt: IVV) announces that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure.
The company is clarifying its 15 Apr. 2024 news release (the “Release”). The Release contained a Table 1 that used the company’s assays to produce Metal Equivalent grades in Gold, Copper, Palladium and Platinum without considering recoveries or other factors, that are considered potentially misleading.
Additionally a quote from Power Nickel CEO Terry Lynch in the Release provided an in-situ rock value. This rock value is unsupported by a mineral resource estimate and an economic analysis. Power Nickel retracts this statement from the Release and investors should not rely on it.
Qualified Person
Kenneth Williamson, Géo, M.Sc., VP Exploration at Power Nickel, is the qualified person who has reviewed and approved the technical disclosure contained in this news release.
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