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Power Metallic Mines Inc. (TSXV: PNPN, OTCQB: PNPNF) has reached a historic milestone by securing the largest exploration license in Saudi Arabia’s Jabal Sayid Belt, marking a major step in the company’s global expansion strategy. The awarded Jabal Baudan project spans over 200 square kilometers, targeting copper, gold, and zinc in one of the Kingdom’s most mineral-rich regions.
The move places Power Metallic among a select group of international explorers operating in Saudi Arabia—underscoring the company’s ability to acquire high-potential assets in competitive jurisdictions.
“This is a landmark achievement,” said CEO Terry Lynch. “It reflects our strategic focus on securing world-class opportunities in premier mining belts.”
Positioned for Global Growth Amid Gold Boom
As gold prices reach new highs in June 2025, driven by global uncertainty, Power Metallic has surged in value—rising from a low of C$1.05 to an intraday C$1.35 (+28.54%) and in the U.S. from $0.76 to $0.99 (+29.89%). The stock remains in oversold territory, with 52-week highs of C$1.97 and $1.45 USD, suggesting a potential test of these levels may be imminent this month.
Located approximately 150 km south of Jeddah, the Jabal Baudan property sits in a prime geological setting, with similarities to major deposits like Jabal Sayid and Umm ad Damar. Historical exploration by BRGM, Riofinex, and the USGS has already identified indicators of VMS-style mineralization.
“The Jabal Baudan site is at the heart of Saudi Arabia’s most prospective mining region,” noted Dr. Remi Piet of Embellie Advisory. “It benefits from exceptional infrastructure and strong multi-mineral potential.”
With plans to leverage historical aeromagnetic data and fast-track target definition, Power Metallic is moving swiftly to unlock value at Jabal Baudan.
Investor Outlook
For investors seeking exposure to strategic metals in one of the world’s next great mining regions, Power Metallic’s Saudi expansion marks a defining moment in its growth story—perfectly timed as commodity markets gain momentum.
In addition to Power Metallic Mines Inc. (TSXV: PNPN) (OTCQB: PNPNF) keep an eye on other stocks: Acurx Pharmaceuticals Inc. (NASDAQ: ACXP), Synergy CHC Corp. (NASDAQ: SNYR), Salarius Pharmaceuticals Inc. (NASDAQ: SLRX), Verve Therapeutics Inc. (NASDAQ: VERV) and Peraso Inc. (NASDAQ: PRSO) as they are moving aggressively in early trading today.