The artificial intelligence boom is usually measured in chips, data centres, and soaring technology valuations. Terry Lynch, CEO and Director of Power Metallic Mines Inc. (TSXV: PNPN | OTCQB: PNPNF), argues that its most fundamental requirements begin much further down the supply chain—with power and the metals needed to deliver it.
“One of the best ways—the most, I believe, asymmetric ways—to play AI is to buy really great mineral deposits because they are going to be a major beneficiary of the AI revolution,” Lynch told InvestorNews.
Every major AI company requires enormous amounts of electricity, he explained, and the infrastructure carrying that power begins with copper. Lynch also pointed to nickel, platinum and palladium as metals that have been overlooked by the broader market despite their growing importance to the AI, energy and defense sectors.
For Power Metallic, attention is now focused on an accelerated Mineral Resource Estimate for its high-grade Nisk–Lion discovery in Quebec, expected by the end of July. Lynch believes an independently prepared resource estimate will give the market a clearer basis for assessing the project’s size, grade and potential value. Additional catalysts cited during the interview include continued exploration results, a potential NASDAQ listing through American Depositary Shares and planned drilling in Saudi Arabia during the fourth quarter.
Lynch said the company is well financed following its recent $28 million raise, providing a pathway through next spring without an immediate need to return to the market. Ultimately, however, his broader argument extends beyond Power Metallic: AI cannot expand without physical infrastructure, and physical infrastructure cannot be built without mined materials. “They all need massive amounts of power,” Lynch said. “And how do you get massive amounts of power in this world? Well, you deliver it on copper. It all starts with that.”
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