Proactive - Interviews for investors

Power Metallic mines advances 100,000-metre drill program and targets January NYSE listing


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Power Metallic Mines CEO Terry Lynch joined Steve Darling from Proactive to provide an update on the company’s ongoing drilling activities and its planned listing on the New York Stock Exchange. Lynch noted that although the listing process experienced a brief delay due to the U.S. government shutdown, the company now expects to debut in New York in January. “They’ll start the new year off with a bang in New York,” he said.
At the company’s recent annual general meeting, shareholders raised concerns about the recent decline in share price. Lynch attributed the drop to broader market conditions and a fund sell-off, despite strong operational news. He emphasized that the company’s fundamentals remain robust and that investor interest has strengthened in recent weeks.
Power Metallic Mines is currently executing a large-scale 100,000-metre drill program with five rigs active and additional rigs—potentially a sixth or seventh—expected to join. Assay results from this summer’s drilling campaign are anticipated shortly after American Thanksgiving.
The company continues to expand its resource base across four key targets and advance toward future development milestones. “We’re bullish on all of them,” Lynch said, underscoring confidence in the projects currently being drilled.
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