← Back to TranscriptAgent TranscriptAgent
← All mining companies

Power MetallicTSXV:PNPN

Gold explorer, with a project stated to be in Quebec, near Nemaska.

Quebec · Canada — as stated on the recordings

explorer gold Quebec, Canada
Sep 2025 → Apr 2026Covered
9 of 10Topics on record
4Figures tracked over time
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 4 interviews with the company · 6 independent recordings
Stage
Explorer
Primary commodity
Gold
Jurisdiction
Quebec, near Nemaska
Deposit
copper PGE discovery, orthomagmatic nickel copper PGE
Latest appearance
14 Apr 2026
On record
4 interviews · 42 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
7.1 million tons at about 1.1% nickel equivalent
Management-stated Terrence Lynch Apr 2026
Grade
22 meters of almost 11% copper equivalent or 12 grams of gold equivalent
Management-stated Terrence Lynch Apr 2026
Money on hand
raised 50 million about a year ago
Stated capital need: say 300 million for first phase development
Management-stated Terrence Lynch Apr 2026
What happens next
Expected to list on NYSE and Nasdaq in Q3
Management-stated Terrence Lynch Apr 2026
The main open question
Rick Rule cautiously noted it is too early to compare it to giant discoveries despite the grades and team.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
4 independent voices on record — 9 constructive
John Feneck, Eric Zaunscherb, Jonathan Wellum, Rick Rule
Outside voices

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Recovery 95%80% ● Lower 2 statements on record
31 Jan 2026
95% recovery rates
“we dropped the u the MET study last week, which was historic. That's about the word you could have to use because it was we used 80% recovery rates for our uh our project and we ended up getting 95% i…”
14 Apr 2026
80% recoveries on run of the mine basis from SGS metallurgical lock cycle test
“We have been using 80% recoveries and I think Matt would agree. I don't think anybody seen recoveries like this”
Capital needed 50 million300 million ≠ Different basis One statement qualifies the figure and the other does not (raised) 2 statements on record
31 Jan 2026
50 million raised
“uh 2025 we uh we also raised 50 million bucks, you know, so we're well capitalized.”
14 Apr 2026
say 300 million for first phase development
“on development of this first phase cost us say 300 million”
Cash position 33 million50 million ≠ Different basis One statement qualifies the figure and the other does not (raised) 2 statements on record
31 Jan 2026
33 million in the bank
“We're we're not raising cash right now. We're good for cash. Um you know, we got 33 million or so in the bank and more coming in uh just through the exercise of warrants and options.”
14 Apr 2026
raised 50 million about a year ago
“We raised 50 million about a year ago”
Financing ? New figure The earlier statement put no number on this 2 statements on record
15 Sep 2025
fully funded; not raising money
“We're obviously fully funded. We're not out here raising money.”
14 Apr 2026
30% federal support and 25% tax abatement from province on development costs
“You're getting 30% federally from the government federal government and then 25% tax abatement from the province”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Power Metallic's own claims across 4 interviews — most-covered theme first.

What outside voices pick up on

4 independent voices — people who do not speak for the company — across 10 mentions.

9 constructive
  • John Feneck “He likes the billionaire-heavy cap table, strong drill hits, and upcoming MRE catalyst.”
  • Eric Zaunscherb “CRE owns shares and a JV interest; speaker treats this as valuable embedded optionality.”
  • Jonathan Wellum “U.S. pink-sheet listing mentioned by host; same underlying company and bullish context.”
  • Rick Rule “He likes the grades and management, but says it is too early to compare it to giant discoveries.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the Quebec deposit is a world-class high-grade copper-PGE-nickel discovery (7.1M tons at 1.1% Ni-eq, with 22m at 11% Cu-eq) backed by heavy billionaire ownership, insider buying by the CEO, and 30% federal plus 25%…

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says the Quebec deposit is a world-class high-grade copper-PGE-nickel discovery (7.1M tons at 1.1% Ni-eq, with 22m at 11% Cu-eq) backed by heavy billionaire ownership, insider buying by the CEO, and 30% federal plus 25% provincial tax support on a $300M first phase. An outside investor noted the grades are best-in-class for copper and the polymetallic story attracts major backers.

▼ Bear case

Rick Rule cautiously noted it is too early to compare it to giant discoveries despite the grades and team.

What it rests on
Evidence: 1 moment from 1 interview
Read the full case

Rick Rule cautiously noted it is too early to compare it to giant discoveries despite the grades and team. The company needs $300M in development capital; while claiming 55% government support, near-term permitting and de-risking remain unproven. Material lacks detail on mine-life, reserve conversion timeline, or community opposition risks beyond the Cree agreement.

◆ Watch next

Management targets NYSE/Nasdaq listing in Q3 2025 and expects to hit TD on Tiger Deep drilling within one week, with Elephant penetration within one to two weeks.

What it rests on
Evidence: 2 moments from 2 interviews
Read the full case

Management targets NYSE/Nasdaq listing in Q3 2025 and expects to hit TD on Tiger Deep drilling within one week, with Elephant penetration within one to two weeks. Saudi Arabia's first foreign VMS drill program is planned for year-end. Cash position is $33M; insider ownership at ~50% will be a key signal of confidence.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 20 statements

The deposit 12

Key takeaway. Management describes the deposit as an orthomagmatic nickel-copper-PGE (platinum group elements) discovery, also noting a VMS (Volcanogenic Massive Sulfide) occurrence at Jebel Laden Bowen.

Read the full summary

The company reports a current resource of 7.1 million tons at about 1.1% nickel equivalent. On exploration upside, management says the land package has been expanded from 46 square kilometers to 330 square kilometers over the last year, and that the company was the first foreign firm to get 100% ownership through Saudi bidding on a 100-square-kilometer project. Four exploration zones have been identified—Lion West, Fold Hinge, Tiger Deep, and Elephant—with the Elephant target described as theoretically about five times the size of Lion.

What was actually said
deposit type
copper PGE discovery, orthomagmatic nickel copper PGE
“It's world's highest grade copper PG discovery”
Terrence Lynch· 14 Apr 2026·
exploration upside
major project in Saudi Arabia, 100 square kilometers, first foreign company to get 100% ownership through Saudi bidding
“And finally we have a major project in in in Saudi Arabia which again is probably dimmed a bit because of the war, but uh you know this is in a very sort of holy part of the of the country. Uh we're the first uh foreign company to actually go completely through the Saudi bidding and get our 100% ownership”
Terrence Lynch· 14 Apr 2026·
exploration upside
95 intersections over 60 plus holes greater than 11 meters of 4 and 1/4%
“there's actually something like 95 intersections over 60 plus holes. A greater than 11 meters of 4 and 1/4%”
Terrence Lynch· 14 Apr 2026·
Show the other 9 statements
exploration upside
land package expanded from 46 square kilometers to 330 square kilometers in last year
“We went from 46 square kilometers to 330”
Terrence Lynch· 14 Apr 2026·
grade
22 meters of almost 11% copper equivalent or 12 grams of gold equivalent
“22 meters of almost I think it's like 11% copper equivalent or you know, 12 grams of gold equivalent”
Terrence Lynch· 14 Apr 2026·
resource size
7.1 million tons at about 1.1% nickel equivalent
“On the lower left hand corner we have a mineral resource estimate on that 7.1 million tons about 1.1% nickel equivalent”
Terrence Lynch· 14 Apr 2026·
deposit type
orthomagmatic copper, platinum, gold, silver
“Power Metallic is probably most well known for its NIST discovery uh super high-grade uh copper uh platinum, platium, gold, silver project in Quebec.”
Terrence Lynch· 31 Jan 2026·
deposit type
VMS (Volcanogenic Massive Sulfide) - Jebel Laden Bowen
“done our first drill program on Jebel Laden Bowen uh which is the VMS that we've got there”
Terrence Lynch· 31 Jan 2026·
exploration upside
Four exploration zones identified: Lion West, Fold Hinge, Tiger Deep, and Elephant
“we identified four really super exciting exploration plays that either would be new zones or or um you know um you know significant continuations of Lion.”
Terrence Lynch· 31 Jan 2026·
exploration upside
Elephant target theoretically about five times the size of Lion
“We call that elephant. It's theoretically about five times the size of lion in terms of size and we're we're about a week or two weeks away from penetrating that as well.”
Terrence Lynch· 31 Jan 2026·
exploration upside
Multiple land package conversations in Saudi with government and partners
“we've got uh several conversations with uh uh on other land packages both direct with the government and with partners. I expect we'd have one or two or or three of those put together.”
Terrence Lynch· 31 Jan 2026·
exploration upside
growing the resource
“We're growing the resource.”
Terrence Lynch· 15 Sep 2025·

Jurisdiction 6

Key takeaway. Management highlights the company’s base in Canada, specifically Quebec near Nemaska, and reports that the James Bay Cree community has been “amazingly supportive” and helped the company acquire more land (Apr 2026).

Read the full summary

However, the claims are inconsistent on jurisdiction: while the April 2026 and September 2025 statements point to Quebec, a separate January 2026 claim places the project in Saudi Arabia.

What was actually said
community agreement
James Bay Cree have been amazingly supportive and helped get more land
“James Bay Cree have been amazingly supportive to us. They've helped us get a lot more land”
Terrence Lynch· 14 Apr 2026·
country
Canada
“in the province of Quebec called Nisk”
Terrence Lynch· 14 Apr 2026·
region
Quebec, near Nemaska
“kilometers outside the town of Nemaska which has got a regional airport”
Terrence Lynch· 14 Apr 2026·
Show the other 3 statements
country
Canada (Quebec)
“Power Metallic is probably most well known for its NIST discovery uh super high-grade uh copper uh platinum, platium, gold, silver project in Quebec.”
Terrence Lynch· 31 Jan 2026·
country
Saudi Arabia
“we're now over in the far uh well heading towards as far as in in Saudi.”
Terrence Lynch· 31 Jan 2026·
region
Quebec
“talking obviously about our project in Quebec and stuff like that”
Terrence Lynch· 15 Sep 2025·

Technical risk 2

Key takeaway. Management reports two different recovery figures: an 80% recovery on a run-of-mine basis from an SGS metallurgical lock-cycle test, and a 95% recovery rate.

Read the full summary

The claims come from different dates—the 95% figure from January 2026 and the 80% figure from April 2026—and the company has not reconciled the two numbers.

What was actually said
recovery rate
80% recoveries on run of the mine basis from SGS metallurgical lock cycle test
“We have been using 80% recoveries and I think Matt would agree. I don't think anybody seen recoveries like this”
Terrence Lynch· 14 Apr 2026·
recovery rate
95% recovery rates
“we dropped the u the MET study last week, which was historic. That's about the word you could have to use because it was we used 80% recovery rates for our uh our project and we ended up getting 95% in the MET study.”
Terrence Lynch· 31 Jan 2026·

Economics 6 statements

Financing 6

Key takeaway. Management has described the project as fully funded as of September 2025 and said it was not raising money at that time.

Read the full summary

By January 2026 the company reported C$33 million in the bank and noted it had raised C$50 million. In April 2026 management said the cash position was about C$50 million raised roughly a year earlier, that the first phase of development would need about C$300 million, and that the company had secured 30% federal support and a 25% provincial tax abatement on development costs.

What was actually said
capital needed
say 300 million for first phase development
“on development of this first phase cost us say 300 million”
Terrence Lynch· 14 Apr 2026·
cash position
raised 50 million about a year ago
“We raised 50 million about a year ago”
Terrence Lynch· 14 Apr 2026·
financing status
30% federal support and 25% tax abatement from province on development costs
“You're getting 30% federally from the government federal government and then 25% tax abatement from the province”
Terrence Lynch· 14 Apr 2026·
Show the other 3 statements
capital needed
50 million raised
“uh 2025 we uh we also raised 50 million bucks, you know, so we're well capitalized.”
Terrence Lynch· 31 Jan 2026·
cash position
33 million in the bank
“We're we're not raising cash right now. We're good for cash. Um you know, we got 33 million or so in the bank and more coming in uh just through the exercise of warrants and options.”
Terrence Lynch· 31 Jan 2026·
financing status
fully funded; not raising money
“We're obviously fully funded. We're not out here raising money.”
Terrence Lynch· 15 Sep 2025·

Timeline 8 statements

Timeline 7

Key takeaway. Management has outlined a series of milestones across different dates in 2025 and 2026.

Read the full summary

In September 2025, the company reported it had about 20,000 meters drilled and expected a major assay dump the following week, with assays every three or four weeks thereafter, and said it would move to New York and get listed there in just a few weeks. By January 2026, management stated that Tiger Deep was expected to hit total depth in the next week or so, Elephant drilling penetration was expected within one to two weeks, and the first drill program on Jebel Laden Bowen was planned for the end of the year with three to four holes totaling 5,000 meters. In April 2026, the company reports it expects to list on the NYSE and Nasdaq in Q3.

What was actually said
milestone
Expected to list on NYSE and Nasdaq in Q3
“we've applied to both New York and the Nasdaq and we expect to uh list on there in Q3”
Terrence Lynch· 14 Apr 2026·
milestone
First drill program on Jebel Laden Bowen planned for end of year with 3-4 holes of 5,000 meters
“we definitely would like to have uh done our first drill program on Jebel Laden Bowen uh which is the VMS that we've got there and we we're think like to get you know three or four 5,000 meters done there”
Terrence Lynch· 31 Jan 2026·
milestone
Elephant drilling penetration expected within one to two weeks
“we're we're about a week or two weeks away from penetrating that as well.”
Terrence Lynch· 31 Jan 2026·
Show the other 4 statements
milestone
Tiger Deep expected to hit TD in the next week or so
“We're literally drilling that right now today. um expect to hit TD on that in the next week or so.”
Terrence Lynch· 31 Jan 2026·
milestone
about 20,000 meters in the can; major assay dump expected next week; assays every 3 or 4 weeks after that
“we've got about 20,000 meters in the can. Uh we'd actually hope to have a bunch of assays out by now, but assays are slower, but next week we expect to have a major dump and then every 3 or 4 weeks after that”
Terrence Lynch· 15 Sep 2025·
milestone
move to New York and get listed there in just a few weeks
“the big news is we're going to ultimately move to New York probably in just a few weeks. So, we're gonna get listed there.”
Terrence Lynch· 15 Sep 2025·
milestone
acquired extra land package
“our biggest accomplishment this summer I think was getting that extra land package.”
Terrence Lynch· 15 Sep 2025·

Catalysts 1

What was actually said
upcoming result
major assay dump expected next week
“next week we expect to have a major dump and then every 3 or 4 weeks after that”
Terrence Lynch· 15 Sep 2025·

Corporate 8 statements

Management 4

Key takeaway. Power Metallic's management points to insider commitment and a technically and politically credentialed team.

Read the full summary

CEO David Hagerman purchased 700,000 shares in the last 90 days (as of April 2026), which the company cites as a vote of confidence. The technical team includes Steve Beresford, formerly VP of exploration at First Quantum and later chief scientific officer at MMG and IGO, and VP of exploration Joe Campbell, who also runs GeoVector consulting. The board recently added Seamus O'Regan, a former Canadian Minister of Natural Resources and Minister of Indigenous Affairs.

What was actually said
insider ownership
CEO bought 700,000 shares in last 90 days
“In the last 90 days, you know, I'm not just saying that the stock is undervalued. I bought 700,000 shares”
Terrence Lynch· 14 Apr 2026·
track record
Seamus O'Regan added as board member, formerly Minister of Natural Resources and Minister of Indigenous Affairs
“Just recently we've added Seamus O'Regan to our team. He as a board member. He formerly was Minister of Natural Resources in Canada and before that Minister of Indigenous Affairs”
Terrence Lynch· 14 Apr 2026·
track record
Joe Campbell is VP of exploration and runs GeoVector consulting group
“Joe Campbell, he's our VP of exploration. He runs the second or third biggest geological consulting group the company called GeoVector”
Terrence Lynch· 14 Apr 2026·
Show the other 1 statement
track record
Steve Beresford formerly VP of exploration at First Quantum, then MMG and IGO as chief scientific officer
“Steve Beresford's in the middle of the screen. He is probably he was formerly VP of exploration at First Quantum. Then he went to MMG and then IGO as chief scientific officer”
Terrence Lynch· 14 Apr 2026·

Share structure 1

What was actually said
insider stake
key stakeholders own almost 50%
“The one difference I would say is the key stakeholders own almost 50%”
Terrence Lynch· 14 Apr 2026·

Market 3

Key takeaway. Management says strategic interest in the company is strong: as of April 2026, the CEO stated that "15 billionaires plus" are involved.

Read the full summary

Among them, Robert Friedland led the last two financing rounds, Rob McEwen participated in three rounds, and Gina Rinehart is also involved (April 2026). Separately, in January 2026 management noted that Saudi Arabia is "open for business" and trying to diversify away from oil.

What was actually said
strategic interest
Robert Friedland led last two rounds, Rob McEwen in three rounds, Gina Rinehart
“Robert Friedland's led our last two rounds. Rob McEwen's been in three rounds. Gina Rinehart you know, drove her participation in the open market”
Terrence Lynch· 14 Apr 2026·
strategic interest
15 billionaires plus involved
“We've had 15 billionaires plus in this deal”
Terrence Lynch· 14 Apr 2026·
strategic interest
Saudi Arabia open for business and trying to diversify away from oil
“They spotted a an opportunity. They're trying to obviously diversify um away from just being an oil oil known for oil.”
Terrence Lynch· 31 Jan 2026·

Outside views 10 mentions

10 mentions by people who do not speak for the company — 9 constructive, 0 cautious, 0 neutral. These are their views, not the company's.

John Feneck
bullish
He likes the billionaire-heavy cap table, strong drill hits, and upcoming MRE catalyst.
Palisades Gold Radio· 25 Jun 2026·
Eric Zaunscherb
bullish
CRE owns shares and a JV interest; speaker treats this as valuable embedded optionality.
Crux Investor· 22 Jun 2026·
Jonathan Wellum
bullish
U.S. pink-sheet listing mentioned by host; same underlying company and bullish context.
Adam Taggart | Thoughtful Money®· 09 Jun 2026·
Jonathan Wellum
bullish
He says it is a unique copper/nickel/PGM/silver/gold property he knows well, though he also says it trades expensively.
Adam Taggart | Thoughtful Money®· 09 Jun 2026·
Show the other 6 mentions
John Feneck
bullish
He says it has the best copper hole hits and multiple critical minerals.
David Lin· 13 Feb 2026·
John Feneck
bullish
He emphasizes insider buying, billionaire backers, and a technically cheap/oversold chart.
Investing News· 17 Dec 2025·
John Feneck
bullish
He cites it as a success story from 15 cents to $1 and mentions dinner with the CEO.
Investing News· 14 Sep 2025·
Rick Rule
mixed
He likes the grades and management, but says it is too early to compare it to giant discoveries.
In it to Win it· 29 Aug 2025·
John Feneck
bullish
He likes the polymetallic story, the strong raise, and major investors backing it.
The Deep Dive· 05 May 2025·
John Feneck
bullish
Same company as Power Nickel after the name change; he says it has six rigs and is hitting in copper.
Investing News· 15 Apr 2025·

Sources 4 interviews

Every interview 4

DateChannelInterviewStatements
14 Apr 2026 Crux Investor Power Metallic (TSXV:PNPN) - 'Undervalued?' Investment Series, with Terry Lynch 21
31 Jan 2026 Crux Investor Power Metallic (TSXV:PNPN) - 95% Recovery Rates & Aggressive Plans for Saudi Assets 14
02 Oct 2025 David Lin Recession-Proof Assets: Which 'Breakout Performer' Rallies Next? | Terrence Lynch No claims identified
15 Sep 2025 The Deep Dive Gold Isn’t Slowing Down Anytime Soon!? | Terry Lynch - Power Metallic 7

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

gold 2
nisk 2
lion zone 2
copper 1
james bay cree 1
frankfurt 1
jebel laden bowen 1
nasdaq 1

Questions people ask

What is Power Metallic's project and where is it?

Power Metallic is a explorer gold company, with a project stated to be in Quebec, Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention Power Metallic?

We track 4 interviews mentioning Power Metallic, across 3 channels (Crux Investor, David Lin, The Deep Dive).

What are investors saying about Power Metallic?

10 independent voices — people who do not speak for the company — are on record discussing it (9 bullish). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Power Metallic cover?

The most-discussed topics on record are the deposit, timeline, financing, jurisdiction — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

Workspace Intelligence
YOUR AGENT
Investigation
Open the latest investigation, or start a new one from the left.

Notice

Loading…