GBC AG reiterates Buy on Power Metallic Mines, sets target price at CAD 3.00

Bitget2026/10/06 09:01

GBC AG reiterated a Buy rating on Power Metallic Mines, keeping its CAD 3.00 target price through Dec. 31, 2027. Report cited Lion’s maiden resource: 4,145,000 tonnes indicated at 3.86% CuEq; 601,000 tonnes inferred at 4.01% CuEq. GBC lifted its Lion and Tiger valuation to CAD 660 million from CAD 570 million on the defined resource, exploration progress. Update flagged deep drilling outside the current estimate, including 5.70 meters at 14.00% recovered CuEq near 800 meters depth. PEA targeted for H1 2027 to assess an initial open-pit at Lion, later underground development, potential inclusion of Nisk feed. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Power Metallic Mines Inc. published the original content used to generate this news brief via EQS News (Ref. ID: rc_27000) on October 06, 2026, and is solely responsible for the information contained therein.

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