Power Metallic Mines CEO Terry Lynch

Stockhouse

The Market Online speaks with Power Metallic Mines CEO Terry Lynch, as TOP GAINER OF THE WEEK - Power Metallic Mines Inc.

Transcript

00:00Welcome to The Watchlist, I'm Lindsay Melchuk. Today we're digging into Power Metallic's bold

00:10move. They just added a staggering 167km2 from Lyft Power at zero cash cost, turbo-charging

00:18their NISC Lion Tiger polymetallic district by over 300% and launching a fully funded 100,000

00:26meter drill blitz through 2026. Now with us to unpack the strategy and the stakes is CEO Terry

00:33Lynch. Terry, it is always such a pleasure to sit and chat with you. Welcome back. Hey Lindsay,

00:39great to see you. I was out there in sunny Vancouver just a couple of days ago and I hated to come back

00:44but here we are back in Toronto and celebrating some good news. You know, it's a big move for us.

00:50We've been wanting to increase our land package there for some time, becoming more and more apparent

00:57to our scientists that what we've discovered is not just, you know, obviously the deposits and the

01:04mineralized areas we've made the big impressions on, but there's maybe something bigger here,

01:10maybe more of a district play. So it was important to try and wrap up as many of the, what we think

01:15are the key prospects in the district as possible and this certainly did that. So we're certainly

01:20stoked about that and excited to, you know, ramp up the exploration now. Absolutely. I mean, 300%,

01:28that's no small amount and that's, you know, something bigger just overnight. So are you guys

01:33building a polymetallic frontier or thumbing your nose at dilution and data risk?

01:38Yeah. You know, I think, you know, I mean, it was like, you know, just before we put out the news

01:44on the, on the land acquisition, we announced our, you know, last of our winter results and,

01:51you know, headlining by 12 meters of 11%, 12 and a half meters of 11% copper equivalent. I mean,

01:56these are like ridiculously high grade numbers. So, you know, grade in mining is your friend. If you

02:02have economic widths and we do, these things are not easy to find unless you know what you're looking for

02:07and you've got the funds to do that and you're specifically targeted at it and for them to sort

02:11of go at it, like, you know, uh, individually would have been a daunting and risky task, but to

02:16partner with us and take the stock, uh, a smart move for them. You know, they, they, they get to

02:21enhance their, their value, I think, uh, grow with us. And, uh, you know, that's probably the smart way

02:27to do things. And so we, we, we, we think that was a good move for both companies, really. And, uh,

02:31we're certainly stoked to, uh, to add it to the, uh, exploration program now. And, uh,

02:37and now we'll do some more stuff, some more, you know, uh, EM and, uh, you know, uh, airborne and

02:42stuff like that to sort of, uh, add to the mix. And then we'll, we'll get drilling.

02:46I mean, that's a powerful collaboration that you have there as well. Now I want to flip over just

02:52really quickly, just so for some quick highlights, Power Metallic just cracked the top gainers list.

02:57Was the spark of a real breakout or are we just getting started right now?

03:01I think we're just getting started, right? I mean, we basically did the funding at a dollar

03:0645. I mean, we got, the company got a lot more for that because of the two for ones and stuff

03:10we were able to do. So we got average of two 50, but from a dilution perspective, but you know,

03:14that the last one was done at a dollar 45 with pretty much the smartest guys in mining, you know,

03:18Robert Friedman, Robert McEwen, all the big mining funds. So, so people are, are, you know,

03:22able again now for less than, than those guys. So, uh, and we've, you know, obviously now just

03:28tripled our landmass more, almost, almost quadrupled. Uh, you know, so it's a great

03:33time to be looking at Power Metallic. Absolutely. Well, it's been a quick sit down,

03:38but always packed with information. Thank you again for joining us and do come back soon,

03:41Terry. Great, Lindsay. Thanks so much for having us. Cheers. Again, that was Terry Lynch,

03:46CEO of Power Metallic. Definitely check out their website for more information at

03:50powermetallic.com to learn more and be sure to bookmark stockhouse.com for all of your market

03:55news. I'm Lindsay Melchick. Thank you for joining.

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