GBC AG Initiates Coverage for Power Metallic Mines Inc. in Québec with High-Grade Polymetallic Discovery
GBC AG has begun institutional coverage of Power Metallic Mines Inc., focusing on its high-grade polymetallic Nisk-Lion-Tiger project in Québec. The coverage is based on an initial study released on March 17, 2026. The key asset, the Lion Zone, shows significant copper-nickel-PGE potential and is complemented by the defined Nisk resource. GBC estimates a fair company value of CAD 674 million or CAD 2.85 per share, establishing a 'BUY' rating.
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GBC AG has commenced coverage of Power Metallic Mines Inc., highlighting its Nisk-Lion-Tiger polymetallic project in Québec, Canada. The Lion Zone is identified as a significant copper-nickel-PGE discovery with multiple strong drill intersections, potentially becoming a core asset.
The project benefits from established infrastructure and metallurgical confirmations indicating high metal recovery rates. With a cash position of CAD 31.3 million as of September 30, 2025, the company is well-funded to advance its 100,000-meter drill program in 2026. A sum-of-the-parts valuation suggests a fair company value of CAD 674 million or CAD 2.85 per share, leading GBC to issue a 'BUY' rating.
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