Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) announced the appointment of Seamus O'Regan, Canada’s former Minister of Energy & Natural Resources, to its board of directors.
The Canadian exploration company said while O'Regan was in cabinet he oversaw Canada's first Critical Minerals Plan, the Critical Minerals List, the National Hydrogen Plan, and the Small Modular 6Reactor Action Plan.
"His skillsets in government affairs particularly his time as Energy & Natural Resources Minister and Minister of Indigenous Services will be very helpful as we look to guide our high grade polymetallic (copper, platinum, palladium, gold, silver, and nickel) discovery ‘Nisk' at Nemaska, Quebec through exploration to development and what we hope will be the world's first carbon neutral Polymetallic mine," Power Metallic CEO Terry Lynch said in a statement.
“Increasingly critical mineral projects like Nisk are becoming vital not only for the economic output of the potential mine but the roles these materials play in the defense, industrial and AI infrastructure the modern world requires."
The company also reported that it is currently engaged in a 100,000-meter drill program and has four rigs turning on the project with a fifth expected to be added in early September.
It added that initial results from the summer campaign are expected shortly and thereafter every two to four weeks through the end of the year.