As part of its ongoing aggressive Platinum Group Metal and Nickel acquisition program, PFN is finalizing a series of new Nickel acquisitions in the province of Newfoundland and Labrador. Management believes that the province of Labrador and Newfoundland has untapped mineral potential and is under explored. Utilizing new mining exploration technologies which have been enhanced significantly in the last 10 years, Labrador has undiscovered potential for the discovery of new world class deposits similar to CVRD Inco Limited's Voisey's Bay copper - nickel deposit.