In a recent interview with InvestorNews host Tracy Weslosky, Power Nickel Inc.’s (TSXV: PNPN | OTCQB: PNPNF) CEO Terry Lynch discussed their recent announcement about raising C$2.75M at $0.90 per share, representing a significant premium to their existing share price.
Terry highlighted the significance of their partnership with CVMR Corporation, one of the world’s leaders in Nickel Powder, Wire, and Anode production, as Power Nickel moves into the next stage of Feasibility Study at their Nisk Nickel Sulfide Project in Quebec. Terry explains that their collaboration involves a feasibility study to process Power Nickel’s ore using CVMR’s Chemical Vapour Deposition process, the most environmentally friendly way to make Nickel.
Lynch stressed their commitment to creating Canada’s first carbon-neutral nickel mine. Their advantageous location near Hydro Quebec and presence of ultramafic tailings at NISK Project that can naturally sequester CO2 provide a foundation for sustainable operations. Lynch believes that clean nickel production from their NISK Project will command higher prices, contributing to increased revenue and profitability.
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