Canadian Banks Forbid Investment in Jr. Mining? | Power Nickel with Terry Lynch
In this interview at the Commodities Global Expo 2024, Terry Lynch, CEO of Power Nickel Inc., (TSXV: PNPN), offers investors a view of both company-specific opportunities and the structural issues affecting junior miners’ ability to access capital, even in a strong commodity price environment.
Lynch begins by addressing the current momentum in the junior mining sector, noting gold’s record prices. He emphasizes a critical issue facing the industry: the need for investment in junior mining stocks despite challenges posed by Canadian banks restricting access to capital. This analysis provides important context for understanding the sector’s dynamics.
The conversation then shifts to Power Nickel’s significant poly-metallic discovery in James Bay. Lynch details the discovery’s diverse mineralization, which includes nickel, copper, and precious metals. Lynch also shares information about their drilling results.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive is long the equity of Power Nickel. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
