Metals & Minerals News

Power Metal further extends date for uranium JV

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Power Metal Resources plc has further extended the exclusivity period to form a Canada uranium-focused joint venture involving its entire portfolio of uranium licences.

Certain: administrative tasks relating to financing remain outstanding (Pixabay)

INVESTOR

The company signed a binding agreement in June which was extended in August and is now moved to 27 September.

The parties have completed due diligence and preparation for the definitive legal transaction is now in “substantially final form”.

Power Metal said that certain administrative tasks relating to financing by the investor ACAM LP remain outstanding.

Special purpose vehicle UCAM Ltd, an affiliate of ACAM LP, has been formed as the intended investor in the transaction, the company added.

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2 Replies to “Power Metal further extends date for uranium JV”

  1. Pingback: Power Metal completes formation of uranium JV - Extractive Industries
  2. Pingback: Power Metal acquires new uranium project - Extractive Industries

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