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Power Ore Inc. (TSXV:PORE) New Listing

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The company has approximately $1 million in cash, 29,973,333 common shares outstanding and 100% ownership of two advanced stage assets - the cobalt and silver Mann Mine and the MacMurchy nickel property in the Cobalt – Gowganda District of Ontario.

Additional Information:

Company: Power Ore Inc.
Website: http://www.powerore.com
Stock Symbol: TSXV: PORE
Date Published: Jun 7, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Power Ore Inc. is the latest new listing on the TSX Venture Exchange, trading under the symbol “PORE”, following its spin-out from Orefinders Resources Inc.

The company has approximately $1 million in cash, 29,973,333 common shares outstanding and 100% ownership of two advanced stage assets - the cobalt and silver Mann Mine and the MacMurchy nickel property in the Cobalt – Gowganda District of Ontario.

The Mann Property, the company’s principal property, is located in Milner Township, approximately 5 kilometres southwest of the town of Gowganda in northeastern Ontario.

The Mann property consist of 18 contiguous unpatented mining claims, containing 59 claims units and covering approximately 852 hectares.

A 6 kilometre forest access road connects the property with Highway 560.

This is about 280 kilometres by road north of Sudbury, along Highways 144 and 560.

Silver was first discovered at the Mann Property in 1908, with the mine opening in 1909.

It had an extensive history before closing in 1988.

During of the period 1910-1984, a total of 328,000 ounces of silver were produced from Mann Property.

Stephen Stewart, CEO, stated: "The initial value proposition for the company is that our flagship asset, the Mann Mine in the Cobalt-Gowganda district of Northern Ontario, holds up extremely well relative to our comparable companies' assets in the region. In fact, the Mann can be considered one of the most advanced stage assets in the district and one of the few that has actual and recent diamond drilling that demonstrates high grade mineralization for both cobalt and silver. We are starting with a strong asset base, cash in the bank and a low share count which is tightly held by a group of very strong shareholders. We will then implement an active acquisition to complete a series of cobalt and nickel acquisitions that will make us a relevant player in the battery metals space in Canada."

Power Ore plans to build a diversified portfolio of battery metal assets in Canada and will be focused on two things:

1. Assets whose metals are used in the manufacture of batteries for electrical and autonomous vehicles and for mass energy storage on the grid or in homes – specifically, cobalt and nickel; and

2. Advance-stage assets in Canada – where discoveries have been made, mineralization is understood and infrastructure is in place.

For more information, please visit the company’s website www.powerore.com, contact Stephen Stewart, CEO at 416-644-1571 or email sstewart@powerore.com.

I’m Samantha Deutscher for Investmentpitch Media