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. 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 […]
Tag: Athabasca – Saskatchewan – Canada
Power Metal extends uranium JV due diligence
Power Metal Resources plc has extended the due diligence period for the creation of a uranium-focused joint venture in Canada. PROGRESS The June agreement for the company’s entire Saskatchewan portfolio with ACAM LP includes a £2m subscription and a £10m non-binding term sheet. Power Metal holds 16 properties over a combined 92,407ha (924.07km2), surrounding and within […]
Power Metal increases Athabasca portfolio
Power Metal Resources plc has added a further property to its uranium portfolio in and around the Athabasca Basin in Saskatchewan, Canada. GREENFIELD Richards Lake, covering 3,109.26 hectares (31.09 km2), lies within the northern edge of Athabasca Basin and 14km south of the Fond du Lac uranium deposit. The company said that the property had […]
Power Metal increases uranium assets
Power Metal Resources plc has staked two further uranium properties, taking its total to 16 in Saskatchewan, and plans to extend the portfolio to other regions. HAWKROCK The acquisitions include Hawkrock East and Hawkrock West, each 12km apart, and covering a combined 4,280 hectares (42.80km2) within the prospective Snowbird Tectonic Zone (STZ) in the northeastern corner of […]
Power Metal stakes two further uranium assets
Power Metal Resources plc has staked two further uranium properties, taking the total to 14 over 940km2 in its portfolio over the Athabasca basin area in Saskatchewan, Canada. PROSPECTIVITY The company said that the acquisitions represented some of “the most significant additions” to its uranium portfolio. Power Metal paid C$5,842.34 (£3,600) for the properties which have a two-year […]
Power Metal reports high grade uranium samples
Power Metal Resources plc reported “high grade” assay results from rock samples at three of its uranium properties at the Athabasca basin area of Saskatchewan. PROSPECTIVITY In its phase I field programme between August and October 2022, the company collected a total 46 rock samples including 29 samples from Tait Hill and eight each from Thibaut Lake and […]