Power One Resources

What Power One Resources does

Power One Resources Corp. is a Canadian junior mining exploration company headquartered in North Vancouver, British Columbia, that acquires and explores mineral properties targeting critical minerals — uranium, nickel, copper, platinum group elements (PGE), rare earth elements (REE), and now gold — in two primary Canadian jurisdictions. The company was incorporated in 2021 as a spin-out from Marvel Discovery Corp., receiving the Pecors and Wicheeda North projects as part of the transaction, and subsequently listed on the TSX Venture Exchange under the symbol PWRO in January 2024.

The company operates two principal assets. The flagship is the Pecors Project in Ontario's Elliot Lake uranium district, which carries a historic indicated resource of 20,000,000 tons grading 0.037% U308 (14,800,000 lbs U308) and a large magnetic anomaly footprint reported between 5.7 km × 4.2 km and 7 km × 3 km × 2 km deep; past drilling confirmed Ni-Cu-PGE mineralization (0.351 g/t PGE, 1053 ppm Cu, 395 ppm Ni over 12.0 m) and a first-ever gold discovery was confirmed in November 2025 (1.025 g/t Au over 1.5 m). The second asset is the Wicheeda Project in the Cariboo Mining Division of British Columbia, comprising 1,444 hectares adjoining Defense Metals Corp.'s Wicheeda REE project. Exploration methodology relies on conventional airborne geophysical surveys (VTEM, ZTEM, magnetic), 3D magnetic inversion modeling, and diamond drilling; an announced deep-test program for mid-2026 plans a ~1,500 m vertical hole into a deep-seated magnetic anomaly (Zd1) targeting Sudbury-style magmatic Ni-Cu-PGE mineralization.

Power One Resources is pre-revenue and has no products or services for sale; it funds its exploration through equity financings and joint venture earn-in arrangements, including a JV with Primary Hydrogen Corp. on the Wicheeda West Project where Primary Hydrogen may earn up to a 75% interest. Revenue, when ultimately generated, is expected to flow from the development or sale of mineral properties, JV economics, or future production if resources prove economically viable. The company's stated end-market exposure is the Canadian critical minerals sector serving energy infrastructure, defense manufacturing, and advanced-technology supply chains.

Name

Power One Resources

Legal name

Power One Resources Corp.

Website

https://p1rc.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Power One Resources Corp. is a Canadian junior mining exploration company that acquires and explores mineral properties for critical minerals, including uranium, nickel, copper, PGE, rare earth elements, and gold, across Ontario and British Columbia.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Geophysical Surveying and Mapping Services (541360)

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Mineral exploration services
• Critical minerals acquisition
• Rare earth element exploration
• Uranium nickel PGE mining
• Junior mining exploration

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Mineral Property Development: Pre-revenue exploration stage company. Revenue will be generated through development and potential sale of mineral properties, joint venture agreements, or future production if resources are economically viable.

Go-to-market motion1 record

Marketing channels3 records

Core offering

Power One Resources acquires and explores mineral properties in Canada for critical and strategic minerals, operating two flagship projects: the Pecors Project in Ontario (uranium, nickel-copper-PGE, with a first-ever gold discovery in November 2025) and the Wicheeda Project in British Columbia (rare earth elements, 1,444 ha adjoining Defense Metals' Wicheeda REE deposit). The company is a pre-revenue junior explorer that advances its assets through geophysical surveys, 3D inversion modeling, and diamond drilling, with monetization planned via joint venture / earn-in agreements, future property sales, or eventual production.

Product overview

Power One Resources is a mining exploration company focused on critical minerals acquisition and exploration. The company operates two main projects: the Pecors Project in Ontario (Uranium, Nickel, PGE with recent gold discoveries) and the Wicheeda Project in British Columbia (Rare Earth Elements). The projects are exploration-stage mining assets, not software products or technology platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Pecors Project Exploration-stage mineral asset located in the Elliot Lake mining camp of Ontario, targeting uranium, nickel-copper-PGE, and gold. The Pecors East Zone contains an indicated resource of 20,000,000 tons grading 0.037% U3O8 (14,800,000 lbs U3O8) based on limited drilling, with potential to expand the zone. The property features a 5.7 km by 4.2 km magnetic anomaly (described in surveys as 7 km long, 3 km wide, 2 km deep), located 15 km from the East Bull Intrusive Suite, and includes a first-ever gold discovery confirmed in November 2025. Intended for joint venture partners, strategic acquirers, and equity investors in the critical-minerals mining sector.
• Wicheeda Project

Quantifiable outcome

• Confirmed Ni-Cu-PGE mineralization: 0.351 g/t PGE, 1053 ppm Cu, 395 ppm Ni over 12.0m in gabbroic lithologies
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Primary Hydrogen Corp.coreStrategic or Co-development PartnerPower One Resources retains a 25% interest in the Wicheeda West Project in British Columbia, under a joint venture agreement where Primary Hydrogen Corp. may earn up to a 75% interest through exploration and development commitments.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Canada Nickel Company: Canada Nickel is a TSX-listed junior advancing the Crawford nickel-cobalt-PGE project in Ontario. It is a direct comparable on the nickel-PGE critical minerals thesis underlying Power One's Pecors Project.
• FPX Nickel Corp. FPX Nickel is a Canadian junior developing the Baptiste nickel deposit in British Columbia using awaruite mineralization. Like Power One, it targets critical nickel supply for Western battery and stainless steel markets and is publicly listed on the TSX-V.
• Mkango Resources Ltd. Mkango is a junior developer of rare earth elements with the Songwe Hill project in Malawi and downstream processing interests in the UK and Germany. It is a direct REE-focused comparable for Power One's Wicheeda positioning.
• NexGen Energy: NexGen Energy is a leading Canadian uranium developer (Arrow deposit, Athabasca Basin). Power One's Pecors uranium resource targets a different geological camp (Elliot Lake) but both are uranium-focused juniors exposed to the same Western uranium supply thematic.
• Defense Metals Corp. Defense Metals owns the flagship Wicheeda REE deposit in British Columbia directly adjoining Power One's Wicheeda claims. Both target REE in the same Cariboo Mining Division belt, making Defense Metals the most directly comparable peer for the REE asset.
• Denison Mines Corp. Denison Mines is a Canadian uranium-focused developer and explorer with assets in the Athabasca Basin. It provides a reference point for Power One's uranium asset at Pecors and is exposed to the same end-market drivers.
• Primary Hydrogen Corp. Primary Hydrogen is the JV partner that can earn up to 75% of Power One's Wicheeda West Project. Both companies are junior explorers operating in British Columbia, and Power One retains a carried minority interest in a project Primary Hydrogen is advancing.

Regional players

• Grid Metals Corp. Grid Metals is exploring the East Bull Intrusive Suite in Ontario, located approximately 15km from Power One's Pecors Project. Both target magmatic Ni-Cu-PGE mineralization in the same geological setting, with Grid Metals having intersected 119m of 1.13 g/t Pd Eq.

Broad incumbents

• Marvel Discovery Corp. Marvel Discovery is Power One's former parent and spin-out source. Both companies explore in Canada for critical minerals, share historical exploration data on Pecors, and operate in the broader junior mining ecosystem in Ontario and British Columbia.

Others

• Spectrum Mining Corporation: Spectrum Mining made the original Wicheeda REE discovery in 2008-2009 before selling the asset to Defense Metals. It is a historical comparable for the Wicheeda belt and a reference point for the geological prospectivity that Power One is leveraging.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/poweronerc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Power One Resources