Metals & Minerals News

Power Metal notes prospectivity of Athabasca assets

Posted on Author editorial Comment(1)

Power Metal Resources plc said that a technical review showed considerable uranium prospectivity at four of its properties surrounding the Athabasca Basin in Saskatchewan, Canada.

Commercial: Power Metal intends to maximise the value in its uranium assets in Saskatchewan, Canada (Wiki)

HISTORICAL DATA

Through its wholly owned Canadian operating companies, Power Metal holds seven 100% owned uranium focused properties covering 417.24 km2 (41,724 hectares).

The company retained a geological consultant and accelerated technical review work of historical data for four of the properties.

“All four properties show considerable uranium prospectivity which is notable,” said chief executive Paul Johnson.

“We see considerable value within our uranium interests, and through a combination of ground exploration, technical review and corporate activities we intend to maximise that value.”

REITENBACH

Power Metal has also started a NI 43-101 technical report for the Reitenbach property, which the company last month placed under a strategic review as a possible sale.

The company said that the report would better position it for any commercial transactions.

Related Articles
Legal News Oil & Gas

Ascent Slovenia operating agreement cancelled

Posted on Author editorial

Ascent Resources plc said its Slovenia partner’s administrator had terminated the restated joint operating agreement (RJOA) on the same date as the opening of its partner’s insolvency proceedings. PRECAUTION The termination is under default rules of Slovenian Obligations Code. The Petišovci onshore gas joint venture is between Ascent Slovenia Ltd (ASL) and Geoenergo d.o.o. which […]
Company Moves News Oil & Gas

IGas appoints Frances Ward as CFO-board director

Posted on Author editorial

IGas Energy plc has appointed Frances Ward as chief financial officer and a board director, with immediate effect. Ms Ward has more than 15 years’ senior management experience in the international oil and gas sector. She joined IGas in 2017 as group financial controller and became finance director in July 2020. Her current directorships are […]
News Oil & Gas

EA minded to grant Horse Hill changes as public consultation begins

Posted on Author editorial

The Environment Agency (EA) has said it was minded to accept draft proposals for changes, including construction of four additional boreholes, at Horse Hill oil field near Gatwick in Surrey. VARIATION Operator Horse Hill Developments Limited (HHDL) applied to the EA for a variation of its permit covering a range of work. UK Oil & […]

One Reply to “Power Metal notes prospectivity of Athabasca assets”

  1. Pingback: Power Metal expands uranium portfolio to West Africa - Extractive Industries

Comments are closed.