INVESTOR CENTRE
Funded, aligned,
and priced before the proof.
$28.2 million raised in June 2026. Management and board hold 19.5%. Lion's first mineral resource is declared. The next defining report — the PEA — is targeted for the first half of 2027.
Capital structure
Share price · live build dataCAD $1.52
Issued & outstanding259.16mm
Options*12.65mm
Warrants*32.05mm
Fully diluted303.86mm
52-week range $0.76 – $1.73
Average volume, 10 days964,329
*As of July 2026. Listings: TSX.V PNPN · OTC PNPNF · FRA IVV1.
Who owns it
Retail40%
Management & board19.5%
High-net-worth19%
Institutions14%
Strategic7.5%
A register built by conviction rather than committees: nearly one dollar in five belongs to the people running the company, alongside Friedland, McEwen and Sprott.
THE TAILWIND
Lion's metals are up 54.6%
since the February 2025 financing.
Illustrative metal-price basket — Cu 45%, Pd 20%, Pt 20%, Au 10%, Ag 5%. As of June 12, 2026.
Copper (Cu)
+42%
Palladium (Pd)
+43%
Platinum (Pt)
+82%
Gold (Au)
+48%
Silver (Ag)
+118%
WHAT ANALYSTS PENCIL IN
The analyst view — written before the 2026 resource.
Five covering analysts — GBC, Hannam Partners, Noble Capital, Red Cloud and Roth — modelled the Nisk/Lion discovery ahead of the maiden estimate.
Third-party estimates are not NI 43-101 compliant mineral resource estimates and carry significant risk of error. The company does not endorse them.
For the company's classified tonnages and grades, see the SGS resource estimate on the NISK page.
2026 MILESTONES
A catalyst every quarter.
Ramping exploration
Five rigs at NISK and a constant flow of assays to release.
2026 resources — delivered September 8
Lion's inaugural estimate — 4.145 Mt Indicated at 3.86% CuEq — and an updated Nisk Main. The basis for the PEA.
Metallurgy report
Two SGS locked-cycle tests, 98.9% and 98.3% copper recovery, both into concentrates over 25% copper.
Growing land package
~330 km² and roughly 50 km of prospective basin margins — an exploration platform far beyond the current resource.
Chilean Metals spin-out
Done — trading as TSX.V: CMCG since February 2026. See the spin-out.
Senior exchanges
Nasdaq application in progress — latest update in the July 30, 2026 NISK release. An application, not yet a listing.
Global opportunities
Business development across Europe and Asia, plus the Jabal Baudan license in Saudi Arabia.
PEA — H1 2027 target
An initial open pit followed by underground at Lion, with Nisk Main feed as an option. The study that puts numbers on the development case.
THE TEAM
Operators, discoverers, and a former minister.
Terry Lynch
Chief Executive Officer
Peter Kent
Chairman
Joe Campbell
VP Exploration · P.Geo, QP
Steve Beresford
Director · Economic Geologist
Christopher Beal
VP Operations
Duncan Roy
VP Investor Relations
Seamus O'Regan
Director · former federal Minister of Natural Resources
Greg McKenzie
Director
Les Mallard
Director
DOCUMENTS & FILINGS
The paper trail.
Statutory filings live on SEDAR+; everything else is one click away.
Talk to us before the market does.
Duncan Roy, VP Investor Relations · (416) 580-3862 · duncan@powermetallic.com
The Canadian Venture Building · 82 Richmond St East, Suite 202 · Toronto, ON M5C 1P1