Power Metallic Mines Completes Strategic Acquisition of Li-FT Power Mineral Claims

TORONTO, July 14, 2025 – Power Metallic Mines Inc. (TSXV: PNPN; OTCBB: PNPNF; Frankfurt: IVV), a prominent player in the mineral exploration sector, today announced the successful closure of its definitive agreement to acquire a 100% interest in 313 mineral claims from Li-FT Power Ltd. (TSXV: LIFT; OTCQX: LIFFF; FRA: WS0). This significant transaction, initially outlined in an agreement dated June 9, 2025, encompasses a substantial land package totaling 167 square kilometers, strategically located in a region known for its promising mineral potential.

Strategic Rationale and Asset Overview

The acquisition of these 313 mineral claims from Li-FT Power marks a pivotal moment for Power Metallic Mines. The 167 km² land package is expected to significantly bolster Power Metallic's exploration portfolio, particularly in critical minerals that are increasingly vital for the global energy transition. While the specific minerals targeted were not detailed in the initial announcement, the scale of the acquisition suggests a focus on expanding the company's resource base and securing future supply chains.

This strategic move aligns with Power Metallic's long-term growth objectives, aiming to enhance its footprint in key mining jurisdictions. The integration of these new claims is anticipated to provide immediate exploration opportunities, potentially leading to new discoveries or the expansion of existing resource estimates. The company's management has expressed confidence that this acquisition will unlock substantial value for shareholders by diversifying its asset base and strengthening its position within the competitive mining landscape.

Market Implications and Investor Outlook

The completion of this acquisition is likely to be viewed positively by the market, as it demonstrates Power Metallic's commitment to growth through strategic asset accumulation. For investors, this transaction signals an expansion of the company's exploration pipeline, which could translate into increased long-term value. The acquisition of a significant land package from a reputable entity like Li-FT Power also lends credibility to the potential of these claims.

In the broader market context, the demand for critical minerals continues to surge, driven by the accelerating adoption of electric vehicles, renewable energy technologies, and advanced electronics. Companies that can secure and develop robust mineral resources are well-positioned to capitalize on these macro trends. Power Metallic's proactive approach in expanding its landholdings through this acquisition places it in a favorable position to meet future market demands.

Financial and Operational Impact

While the financial terms of the acquisition were not disclosed in this announcement, the successful closure indicates that both parties have met their respective obligations. Power Metallic Mines will now focus on integrating these new claims into its existing operational framework. This will involve detailed geological mapping, geophysical surveys, and potentially initial drilling programs to assess the full potential of the acquired assets.

The company's operational teams will be tasked with developing a comprehensive exploration strategy for the 167 km² land package. This could involve phased exploration programs, leveraging advanced geological techniques to identify high-priority targets. The successful execution of these programs will be crucial in translating the acquired land into tangible resource growth.

Actionable Insights for Investors

Investors should monitor Power Metallic Mines' upcoming exploration plans and results from these newly acquired claims. Key indicators to watch include:

• Exploration Updates: Look for announcements regarding drilling programs, assay results, and resource estimates from the acquired properties.
• Strategic Synergies: Assess how these new claims complement Power Metallic's existing portfolio and contribute to its overall resource diversification.
• Market Demand for Critical Minerals: Keep an eye on global trends in critical mineral prices and demand, as these will directly impact the value of Power Metallic's assets.
• Funding and Capital Allocation: Evaluate how the company plans to fund the exploration and development of these new assets, and whether it aligns with prudent capital management.

This acquisition represents a significant step forward for Power Metallic Mines, reinforcing its commitment to expanding its mineral resource base and capitalizing on the growing demand for essential raw materials. The market will be keenly watching how the company leverages these new assets to drive future growth and shareholder value.