06:53 AM EDT, 07/14/2025 (MT Newswires) -- Power Metallic Mines ( PNPNF ) on Monday said it has closed its acquisition of 313 mineral claims totaling 167 km from Li-FT Power ( LIFFF ) .

The claims adjoin the Powe Metallic's Nisk property, where exploration is expanding the Lion copper-platinum group elements discovery and the Nisk copper-nickel-platinum group elements-cobalt deposit.

Power Metallic currently holds about 212.9 km of land in the Nisk camp, securing about 20 km of strike on the northern basin margin and 30 km on the southern margin that envelope the Nisk, Lion and Tiger discoveries.

Power Metallic has advanced a $700,000 cash payment to Li-FT and issued 6 million common shares. Li-FT retains a 0.5% net smelter royalty on all acquired claims under a royalty agreement effective on the closing date of the acquisition.