Power Metallic Mines Inc. (PNPN) Financings
TSXV: PNPN · Copper, PGM, Nickel · Advanced Exploration stage
- Market cap$257.9M
- Share price$0.990
- 52-week range$0.760 – $1.73
- Shares outstanding260,495,489
- ExchangeTSXV
- Websitewww.powermetallic.com
Power Metallic is a Canadian exploration company focused on advancing the Nisk Project Area (Nisk-Lion-Tiger)-a high-grade Copper-PGE, Nickel, gold and silver system-toward Canada's next polymetallic mine. On 1 February 2021, Power Metallic (then Chilean Metals ) secured an option to earn up to 80% of the Nisk project from Critical Elements Lithium Corp. (TSX-V: CRE). Following the June 2025 purchase of 313 adjoining claims (~167 km²) from Li-FT Power, the Company now controls ~330 km² and roughly 50 km of prospective basin margins. Power Metallic is expanding mineralization at the Nisk and Lion discovery zones, evaluating the Tiger target, and exploring the enlarged land package through successive drill programs. Beyond the Nisk Project Area, Power Metallic indirectly has an interest in significant land packages in British Columbia and Chile, by its 50% share ownership position in Chilean Metals Inc., which were spun out from Power Metallic via a plan of arrangement on February 3, 2025. It also owns 100% of Power Metallic Arabia which owns 100% interest in the Jabul Baudan exploration license in The Kingdom of Saudi Arabia's Jabal Said Belt. The property encompasses over 200 square kilometres in an area recognized for its high prospectivity for copper gold and zinc mineralization. The region is known for its massive volcanic sulfide (VMS) deposits, including the world-class Jabal Sayid mine and the promising Umm and Damad deposit.
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Power Metallic Mines Inc. financial statements
Key figures read from 38 of 38 financial statement filings, Nov 29, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$21,118,155 | C$6,611,380 | C$216,365 | C$1,275,104 | C$1,176,687 |
| Total current assets | C$24,020,197 | C$7,791,533 | C$3,727,834 | C$1,951,426 | C$1,390,871 |
| Total current liabilities | — | C$3,223,092 | C$6,224,733 | C$2,717,458 | C$2,035,233 |
| Working capital | — | C$4,568,441 | (C$2,496,899) | (C$766,032) | (C$644,362) |
| Property, plant and equipment | C$9,508 | C$13,588 | C$6,315 | C$9,019 | C$12,883 |
| Total assets | C$24,413,375 | C$7,805,121 | C$3,734,149 | C$1,960,445 | C$1,403,754 |
| Total liabilities | C$18,547,048 | C$3,223,092 | C$6,280,197 | C$2,772,922 | C$2,090,697 |
| Shareholders' equity | C$5,866,327 | C$4,582,029 | (C$2,546,048) | (C$812,477) | (C$686,943) |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$30,535,870 | C$14,691,983 | C$9,194,079 | C$1,962,536 | C$7,787,339 |
| General and administrative | C$171,376 | C$150,980 | C$109,577 | C$77,997 | C$72,131 |
| Share-based compensation | C$3,362,430 | C$3,165,243 | C$937,307 | C$396,606 | C$1,526,523 |
| Impairments and write-downs | — | C$55,464 | — | — | — |
| Net income (loss) | (C$39,027,927) | (C$21,001,914) | (C$10,815,590) | (C$4,245,155) | (C$10,309,475) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$35,093,843) | (C$22,210,804) | (C$13,568,496) | (C$4,175,309) | (C$2,609,101) |
| Investing cash flow | (C$394,473) | (C$9,368) | — | — | C$411 |
| Financing cash flow | C$49,995,091 | C$28,615,187 | C$12,509,757 | C$4,273,726 | C$3,606,105 |
| Change in cash | C$14,506,775 | C$6,395,015 | (C$1,058,739) | C$98,417 | C$997,415 |
| Cash at end of period | C$21,118,155 | C$6,611,380 | C$216,365 | C$1,275,104 | C$1,176,687 |
No financings are on record for Power Metallic Mines Inc. yet.