Company VIsion

Power Ore strives to get ahead of the electrification revolution and acquire established, undervalued copper, cobalt and nickel assets—the future “sea of oil”.

Canada Focused

Power Ore has two assets: the previously producing Mann silver-cobalt mine, and the MacMurchy nickel property, both located in Cobalt, Ontario. Both assets are 100% owned by Power Ore.

Copper, Cobalt & Nickel Focused

Power Ore is positioning itself to be the owner of a diversified portfolio of electrification metal assets in Canada. Examples of these metals include: copper, cobalt and nickel.

Shareholder Focused

Power Ore is focused on creating shareholder value through acquiring established resources, and achieving a diversified portfolio of electrification metal assets.


The world is going through a paradigm shift, where renewable energy is becoming more prevalent in society. Renewable energy costs are declining, and are equal to and at times even cheaper than fossil fuels. Electric vehicles are becoming more popular, and most importantly, more affordable as the cost of producing rechargeable batteries is consistently declining. We are approaching cost parity between electric vehicles and traditional ICE vehicles, and expect to reach parity by 2022. Copper is arguably the most important electrification metal, while Cobalt and Nickel are two vital metals contained in rechargeable batteries.

The quality of global copper mines are declining, starting with the major mines located in Chile (such as Escondida). Copper head grades are declining across the board, while global demand continues to rise. China accounts for 50% of current demand, and this is expected to increase as they establish their One Road, One Belt initiative.

Cobalt has significant supply risk, as majority of the metal is mined in the DRC. With changes to regulations, and a lack of transparency of mining practices, new, stable sources of cobalt will be needed to feed the increasing demand coming from the upcoming hockey stick growth in electric vehicle demand. The lack of supply, and increased risk of this metal has caused cobalt prices to rise ~120% in 2017 alone.

Research is also being done to reduce the amount of cobalt in common battery chemistries (i.e. NMC-type batteries). By substituting more nickel into the cathode, batteries will become even cheaper. The goal is 8 parts nickel, to 1 part cobalt and manganese. This will be achieved in the upcoming decade. But only roughly 50% of 2017 nickel production was considered “Class 1” nickel, capable of being used in batteries. We are currently just at the beginning of a nickel bull market, and demand is only going to increase.



The Opemiska Copper Complex is a past producing Falconbridge high-grade operation located near the town of Chapais, Quebec

MANN Silver-cobalt project

The Mann Mines are silver and cobalt assets located in Milner Township, Ontario, within the Cobalt-Gowganda region.


MacMurchy Property is an early-stage nickel project with significant exploration potential, located 25KM west of the Mann Mine.

Power Ore Management

Stephen Stewart

M.Sc., MBA
CEO & Director

Stephen is currently the CEO and Director of Orefinders Resources Inc. and Managing Partner of Minvest Partners. With over fifteen years of experience in finance and in the mining and metal industries, his interests lie in acquiring and developing natural resource assets. Previously he has held roles with RTO Capital and OMERS Pension Plan where he focused on acquisitions and asset management. He also is involved with the PDAC’s Capital Markets Program and lectures at the University of Toronto’s Lassonde Institute of Mining.

Stephen holds a Bachelor of Arts from the University of Western Ontario, a Master of Business Administration from the University of Toronto’s Rotman School of Management and a Master of Science from the University of Florida.

Alex Stewart

B.A., J.D.
Executive Chairman

Alex has over 40 years of experience in the practice of corporate and securities law and natural resource investments. He has been a director of numerous public companies on various exchanges including Nasdaq, NYSE, TSX and TSXV. For the last fifteen years he has focused exclusively on the mining and metals sector and has been instrumental in sourcing, funding and developing high-quality mineral assets in North and South America. In the past he was the founder, seed financier and principal behind a number of mining projects including the Cote Lake Project, acquired by IAM Gold in 2012 for over $580m and the Eagle One polymetalic project now owned by Noront Resources.

He holds a Bachelor of Arts degree from the University of Western Ontario, a Juris Doctor degree from the University of Toronto Law School and a Diploma, LCE, from the University of Madrid.

Jeffrey Potwarka


Jeffrey is a Chartered Professional Accountant and Certified Management Accountant with over 20 years of financial experience with small cap public companies in Canada. From 2013 to 2015 he was director of Winston Resources Inc., a junior mining company. From 2005 to 2009 he was Chief Financial Officer of Ausnoram Holdings Ltd, a Canadian publicly listed investment company. Previously, he was a principal with a private merchant banking company which focused on financing and consulting to public companies.

He is a graduate of the University of Waterloo with an Honours Bachelor of Mathematics degree.


Mann Mine & Macmurchy project presentation