Power Ore Inc. is pleased to announce that it has received a 6-month deferral on all of its remaining milestone obligations outlined in the Opemiska Copper Complex acquisition news release dated December 12, 2018. Power Ore has already completed all of its work obligations up until May 22, 2022, and as a result of this new agreement, can opt to defer its $150,000 payment to Ex-In until May 22, 2021. Although Power Ore is [...]
Power Ore Inc. is pleased to report that Rider Investment Capital Corp , is undertaking a $700,000 equity financing and that it will change its name to Baselode Energy . Baselode will focus on energy metals, including uranium and will be lead by James Sykes, a renowned geologist specializing in the Athabasca basin with a proven track record of discovery, including NexGen Energy's Arrow deposit. For more information on [...]
Power Ore Inc. is pleased to present its latest webinar, Copper in a COVID World. This 35-minute webinar is hosted by Power Ore CEO Stephen Stewart and covers the Company's contrarian view on how copper will be a beneficiary from expected policy decisions coming from the United States and Canadian governments as a result of the COVID-19 crisis. The webinar also details Power Ore's recent land package expansion from 797 to [...]
Power Ore Inc. is pleased to announce that it has entered into an agreement with 2736-1179 Quebec Inc. to acquire the past producing Robitaille and Cooke Mines, both former Falconbridge mines. This acquisition also increases the Opemiska Copper Complex property from 797 hectares to 9,852 hectares. This new land package is contiguous to the Springer and Perry Mines as well as Yorbeau Resources' Scott Lake deposit, and [...]
Power Ore Inc. is pleased to announce that has entered into an agreement to sell its Mann Mine to Rider Investment Capital Corporation , a Capital Pool Company listed on the TSX Venture Exchange. In exchange for Power Ore's 100% interest in the Mann Mine it will receive 17,857,143 shares of Rider at an impiled $1.25 million valuation. The sale is an arm's length transaction and a part of and conditional upon Rider's [...]
PowerOre Inc. is pleased to announce that it has closed its final tranche and hard dollar portion of its non-brokered private placement . This private placement was allocated to a single Quebec investment fund, Société de développement de la Baie James . Terms of this financing were agreed to in parallel with the Company's first tranche which was closed and announced on December 23, 2019. Aggregate [...]
PowerOre Inc. is pleased to announce that it has closed a non-brokered private placement for aggregate proceeds of $664,549.54 . Upon closing of the Offering, the Company issued: 8,993,565 flow-through units , at a price of $0.07 per Flow-Through Unit for gross proceeds of $629,549.54, where each Flow-Through Unit consists of one flow-through common share and one-half of one common share purchase warrant. Each whole [...]
PowerOre Inc. is pleased to present its 2020 development plan for the Opemiska Copper Mine Complex in Chibougamau, Quebec. Following the completion of the 23 hole, 3,364 metres program in 2019 on Springer, which yielded promising results, along with the compilation and 3D modelling of the Springer and Perry mines, Power Ore has designed a drill program consisting of 15,770 metres over 78 diamond drill holes. Drilling on [...]
Power Ore Inc. is pleased to publish its investment memorandum entitled 'Why Copper? Dr. Copper is Ailing: But Global Trade Will Revert to the Mean.' Click here to read: Why Copper? "We've positioned Power Ore to focus squarely on high-grade copper in Quebec, and for a good reason. While the copper market has been frustrated due to trade wars, we have a specific view on copper dynamics and we are confident in its [...]
News brief: The Perry Mine represents the second half of what is collectively known as the Opemiska Copper Mine Complex. All of Power Ore's work announced to date has been on the Springer Mine. With the recent completion of digitization and 3D modelling of the Perry Mine, Power Ore will detail its plan and drill program on Perry which produced 9 million tonnes at 2.16% copper and 0.14 g/t gold using a cutoff grade of [...]
Power Ore Inc. is pleased to announce that Charles Beaudry, will be presenting the Opemiska Copper Complex as part of an event sponsored by Chapais-Chibougamau Chapter of the Canadian Institute of Mining and Metallurgy . "We are pleased to present the Opimeska project and our results from our recent drill program along with discussion on our interpretations, project potential and how we will be moving it forward. This [...]
Power Ore Inc. is pleased to provide an update to shareholders with a webinar presentation on the final results and summary of its recent drill program at the Opemiska Copper Mine Complex. Click here to view the Webinar Shareholders are also encouraged to review Power Ore's September 10, 2019 news release which details the results and conclusions from the drill program. For information and updates on Power Ore, please [...]
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