11:53 AM EDT, 07/14/2025 (MT Newswires) -- (Updates shares.)

Power Metallic Mines ( PNPNF ) on Monday said it closed its acquisition of 313 mineral claims from Li-FT Power ( LIFFF ) .

The claims adjoin the Power 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 212.9 square kilometers of land in the Nisk camp, securing about 20 square kilometers of property on the northern basin margin and 30 square kilometers on the southern margin that envelope the Nisk, Lion and Tiger discoveries.

Power Metallic made a $700,000 cash payment to Li-FT and issued six-million 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.

Power Metallic's shares were last seen down $0.04 to $1.14 on the TSX Venture Exchange.

Price: 1.14, Change: -0.04, Percent Change: -3.39