GBC AG Initiates Coverage on Power Metallic Mines Inc.

In an announcement made on March 26, 2026, GBC AG has commenced institutional coverage of Power Metallic Mines Inc., a company listed on the TSX Venture Exchange. The focus is the Nisk-Lion-Tiger project in Québec, known for its high-grade polymetallic resources including copper, nickel, and precious metals. Key investment potential lies within the Lion Zone, highlighted by significant copper-nickel-PGE discoveries.

GBC AG underscores the project's potential, bolstered by existing resources and promising geological formations like the Tiger zone. Early positive results from metallurgical tests contribute to the project's viability, supported by access to infrastructure like roads and hydroelectric power in Québec. As of September 2025, Power Metallic Mines maintained a cash reserve of C$31.3 million, aimed at funding further exploration through 2026.

GBC's valuation of the company's equity at C$674 million signals a strong buy recommendation, driven by the robust contributions from its existing resources.