# Power Metallic Mines resource estimate delay > Live situation record from CLSTR: https://clstr.news/situations/power-metallic-mines-resource-estimate-delay > Updated: 2026-08-18T22:33:07.000Z. Sources: 4. Developments: 2. Power Metallic Mines Inc. announced a delay in the release of its 2026 Mineral Resource Estimate for the Nisk and Lion discoveries, pushing the expected date to the end of August. The company cited staffing constraints at the consulting engineering firm responsible for the estimate. Despite the delay, the company is maintaining operations with five drilling rigs at the Nisk project. Assay results from summer drilling are expected to arrive starting in September and continue through the fall. Additionally, the company is preparing for a post-Moose Break exploration program between September 15 and October 15, which will incorporate results from the Squid survey and early Muon geophysical work. On the corporate side, shareholders have approved charter updates to facilitate a Nasdaq listing application. The company also issued incentive stock options and deferred share units to various personnel and continues to engage Red Cloud Securities Inc. for market-stabilisation services. ## Timeline ### 2026-08-18: Magnum Mining and Mount Ridley Mines report critical mineral developments Magnum Mining reports drilling progress on Brazilian rare earth projects, while Mount Ridley Mines seeks patent protection for its Selectro™ critical mineral leaching technology. 3 sources. https://clstr.news/cluster/magnum-mining-and-mount-ridley-mines-report-critical-mineral-developments ### 2026-07-30: Power Metallic Mines postpones Nisk‑Lion resource estimate to August Power Metallic Mines pushes its 2026 Nisk‑Lion mineral resource estimate to August, keeps five rigs drilling, advances its Nasdaq listing, issues stock options and retains Red Cloud’s market‑stabilisation aid. 6 sources. https://clstr.news/cluster/power-metallic-mines-postpones-nisklion-resource-estimate-to-august --- Cite as: Power Metallic Mines resource estimate delay. CLSTR, https://clstr.news/situations/power-metallic-mines-resource-estimate-delay