12:09 PM EST, 01/27/2025 (MT Newswires) -- Power Nickel ( PNPNF ) was at last look up near 3% on Monday, despite big losses for the broader market, as that it commenced its 2025 winter drilling program on the Nick project in Quebec.

The company said it drilled hole PN-24-96, which will be testing the depth extension along the trend of the Lion zone, following up on successful drilling of high-grade copper and precious metal discovered in 2024.

The drill campaign will include three operating drills by mid-February, the company said.

Power Nickel ( PNPNF ) also reported the discovery 700 meters east of the Lion zone, with assays pending. This area will be another focus of the 2025 drilling campaign, the company said.

Power Nickel's ( PNPNF ) share price at last look were up $0.03 or 2.7% to $1.14 in early Monday trading.

Price: 1.14, Change: +0.03, Percent Change: +2.70