08:14 AM EDT, 06/09/2025 (MT Newswires) -- Power Metallic Mines ( PNPNF ) on Monday said it bought a 100% interest in 313 mineral claims from Li-FT Power ( LIFFF ) in a cash and stock deal.

Power Metallic pay $700,000 cash and issue 6 million common shares. Its land holding will grow to nearly 213km square, securing about 20km of strike on the northern basin margin and 30km on the southern margin that envelope the Nisk-Lion-Tiger discoveries.

Under the deal, Li-FT will retain a 0.5% NSR on all acquired claims. The company also added that it was resuming work along the Nisk-Lion-Tiger trend while integrating its newly acquired LIFT claims and that it expects the core facility capacity to be ramped up to six drills by early fall of 2025.

"With over 100,000 metres of fully funded drilling in front of us, we can systematically approach new sulphide occurrences while continuing to grow our established resources," said Chief Executive Terry Lynch.

Shares of the company closed down 3.4% to $1.13 on Friday on the TSX Venture Exchange.