![]() ![]() More recently, on July 20, Power Nickel announced plans to spin out its non-core assets into the new entity Consolidated Gold and Copper to allow it to focus fully on Nisk. On June 15, Power Nickel stated alongside further results that the next steps for the project include deploying the aforementioned sound-mapping technology, readying the next stage of drilling and publishing Nisk’s inaugural mineral resource estimate. In terms of nickel news, the end of May saw new drill results, including a highlight of 14.4 meters grading 1.01 percent nickel, including 7.8 meters grading 1.69 percent nickel. In mid-May, the company discovered a new high-grade copper-PGMs zone at Nisk, which it dubbed Wildcat the news coincided with a Q2 share price peak of C$0.31. On April 27, the company released the remaining assays from its 2022 drilling and the first assays from its winter 2023 program, noting that step-out holes at Nisk showed indications of a new mineralized zone. The company shared plenty of exploration news in Q2. Power Nickel’s share price reached a year-to-date high of C$0.36 on February 21 after climbing through the previous weeks, although it cooled in March and April. The company plans to use this data to increase its drilling accuracy and potentially find new deposits. According to a release, Fleet Space’s ExoSphere sound-mapping technology will generate data that can be used to create a full 3D image of the subsurface to a depth of 2 kilometers, giving Power Nickel a “clear, rich image of what resources may be below ground” with a turnaround of as short as four days. Power Nickel’s share price rocketed up early in the year on January 31, when the company partnered with Fleet Space Technologies, an Australian microsatellite operator and developer. Power Nickel’s goal is to meet the needs of the battery supply chain by setting itself up to supply high-grade nickel from its flagship Nisk project in Quebec, which it says is being developed into “one of the greenest sources of class-1 nickel in history.” The project, which is under option from Critical Elements Lithium (TSXV: CRE,OTCQX:CRECF), also holds copper, cobalt, palladium and platinum mineralization. Year-to-date gain: 20.51 percent market cap: C$27.03 million current share price: C$0.235 ![]() The report also details the cobalt, palladium and platinum resources at the project. The vast majority of the resource falls into the inferred category, which now totals 101.9 million MT at 0.25 percent nickel and 0.23 percent copper for 25,337 MT of nickel and 23,895 MT of copper. With regards to its project, at the end of June, Sama released an updated mineral resource estimate for the combined Samapleu and Grata deposits. The company is still waiting on approval from the TSXV. Its most recent news on the subject came on July 21, when Sama received a final order approving the plan from the Quebec Superior Court of Justice. While it fell back down, Sama’s share price began to climb again in late April, ultimately reaching its year-to-date high of C$0.19 on May 26, the day after the company announced the spinout of SRQ. The company’s share price started climbing in February, moving from C$0.11 on February 6 to C$0.17 on February 24 following the release of drill results from Grata on February 7 according to Sama, they “confirm mineralisation on strike and down dip within the Grata prospect within the newly discovered ultramafic feeder.” One highlight interval from the drilling was 3.45 meters grading 0.63 percent nickel, 2.96 percent copper and 0.78 grams per MT (g/t) palladium within 193 meters grading 0.26 percent nickel, 0.21 percent copper and 0.37 g/t palladium. Sama is currently in the process of spinning out SRQ, and Sama’s shareholders will receive shares of SRQ once it begins trading. ![]() The company’s wholly owned subsidiary SRQ Resources has a portfolio of six properties composed of 525 exploration claims in Quebec, Canada, with its primary project being the Lac Brulé nickel-copper-PGMs project. The asset, which is made up of two adjoining deposits, is host to nickel, copper, cobalt and platinum-group metals (PGMs) mineralization. Sama Resources’ focus is on its Samapleu and Grata project in Côte d’Ivoire, West Africa. ![]() Year-to-date gain: 38.46 percent market cap: C$40.66 million current share price: C$0.18 ![]()
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