09:07 AM EDT, 06/03/2024 (MT Newswires) -- Power Nickel ( PNPNF ) said on Monday that it has partnered with Karbon-X to offset the carbon footprint linked to 30,000 meters of drilling at the Nisk project in Quebec.

The effort is part of Power Nickel's ( PNPNF ) goal of developing the project into a carbon neutral mine. The company said it ramped up drilling after discovering the Lion Zone as it searched for more nickel at the site.

"We remain firm on our objective of delivering a carbon neutral mine that is increasingly looking like it will be not just nickel, but polymetallic, with other critical minerals, notably copper, as well as high grades of platinum, palladium, gold, and silver," Power Nickel ( PNPNF ) CEO Terry Lynch said.

The company's share price rose 1.5% last Friday to $0.69, just shy of 52 week highs.