Metals & Minerals News

Power Metal nears grant of REE-uranium licences

Power Metal Resources plc said the grant of licences was imminent for its rare earth element-uranium Selta project in the Northern Territory, Australia. LICENCES Selta is held within URE Metals Pty Ltd, an Australian private company and wholly owned subsidiary of First Development Resources Ltd (FDR) in which Power Metal currently holds a 96.15% interest. Power Metal said that […]

Metals & Minerals News

Power Metal increases rare earth-uranium assets in Australia

Power Metal Resources plc has increased its uranium and rare earth elements portfolio by acquiring 100% of the Selta project in the Northern Territory, Australia. SELTA The deal is through the company’s subsidiary, First Development Resources Ltd (FDR), in an all-FDR share transaction to acquire Australian company URE Metals Pty Ltd which owns the project. FDR will start exploration […]