Power Metallic’s Terry Lynch: A Bigger Story Ahead- Power Metallic’s Lion Zone Delivers High-Grade CuEQ Intersects(TSX-V:PNPN/OTC:PNPNF)

Oct 7, 2026

CEO Terry Lynch joins Ellis Martin to discuss the Lion resource, Nisk, the road to a PEA and what could drive the next stage of growth.

TSXV: PNPN | OTCQB: PNPNF

The Ellis Martin Report welcomes Terry Lynch, CEO of Power Metallic Mines Inc., for a timely update on the company’s Nisk Project and the evolving Lion discovery in Quebec.

Power Metallic has now moved into a new phase of the story.

The company is advancing toward a Preliminary Economic Assessment (PEA) while continuing an aggressive exploration program designed to determine just how large the mineralized system may ultimately become.

In this conversation, Lynch discusses the September Lion mineral resource estimate, which outlined approximately five million tonnes grading close to 4% copper equivalent, with more than 85% classified in the indicated category.

But drilling hasn’t stopped.

Lynch discusses continued exploration at depth, including a reported intercept of 5.70 metres grading approximately 14% copper equivalent, and why management believes Lion may continue considerably deeper than the resource defined to date.

The conversation also returns to Nisk, the original nickel discovery that preceded Lion. New metallurgical work is examining whether combining Nisk nickel material with the more sulfur-rich Lion material could potentially improve recoveries and change the scale of a future development scenario.

Power Metallic is also evaluating Muon technology, which uses naturally occurring cosmic-ray particles to help map variations in underground density. Management believes the technology could help identify extensions of mineralization and guide future drilling across a property package far larger than the area explored to date.

Lynch also updates Ellis on Power Metallic’s plans to pursue a Nasdaq listing using an ADR structure, the company’s financing position and the catalysts investors should be watching as the company advances toward its PEA in the first half of next year.

Near the conclusion of the interview, Lynch summarizes management’s view of the opportunity:

“We’ve set the floor. The ceiling is untapped.”

Terry Lynch — CEO, Power Metallic Mines Inc.

with Ellis Martin — The Ellis Martin Report / Money Talk Radio

Power Metallic Mines Inc.

TSXV: PNPN | OTCQB: PNPNF

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https://www.powermetallic.com/