Power Metal Resources plc’s uranium joint venture with UCAM Ltd has been named Fermi Exploration Ltd. The company said that the name commemorated the pioneering work of Italian-American physicist Enrico Fermi in developing the first nuclear reactor. Fermi Exploration is registered in Vancouver, Canada. The JV’s assets include all licences previously held by Power Metal in […]
Tag: Newfoundland and Labrador
Power Metal acquires new uranium project
Power Metal Resources plc has acquired the Drake Lake-Silas uranium project in Newfoundland and Labrador, Canada. OCCURRENCES The property will be sold into the company’s planned joint venture involving its entire portfolio of uranium licences with UCAM Ltd. Power Metal said it would not further extend the JV’s exclusivity date, “given the advanced state of the transaction” and expects to […]