Chilean Metals: the spin-out
now trading on its own.
In February 2025, Power Metallic spun out its Golden Ivan property and Chilean exploration assets into Chilean Metals Inc. — half retained by Power Metallic, half distributed directly to shareholders. On February 19, 2026 it began trading on the TSX Venture Exchange.
VISIT CHILEAN METALSGood ground, wrong shadow.
These assets predate the NISK discovery — Power Metallic was called Chilean Metals before it ever drilled in Quebec. Once Lion made NISK a 99%-of-the-story project, exploration ground two continents away deserved its own vehicle rather than a footnote.
Every dollar and every rig-hour stays on the district in Quebec. Nothing competes for capital or attention.
A separate listing gives the portfolio its own access to capital, its own news flow, and a valuation that isn't rounded to zero inside a bigger story.
The spin-out was a plan of arrangement, not a sale: holders of record on January 31, 2025 received Chilean Metals shares directly.
Two Cordilleran belts,
one exploration company.
Thirteen claims covering 797 hectares, three kilometres east of Stewart, BC. The property hosts two known showings — Gold Ore and Magee — and part of the past-producing Silverado Mine, worked between 1921 and 1939. Mineralization is polymetallic veins carrying silver, lead and zinc, with gold and copper.
A 3% net smelter royalty on any future production from the Copaquire copper-molybdenum deposit, sold to a Teck Resources subsidiary. The property borders Teck's Quebrada Blanca; Teck may buy back one-third of the royalty for $3 million.
Held PNPN in January 2025?
Then you already own this.
The spin-out means Power Metallic investors carry two positions: the NISK district story, and a second exploration company that arrived without costing a dollar.