Power Metal Resources plc reported dealings in shares of the company by non-executive director Edmund Shaw. Mr Shaw transferred two million ordinary shares of £0.01 each for nil consideration to Lydia Shaw, a person closely associated with him. He also sold five million ordinary shares each at 0.65 pence and repurchased the same quantity each at 0.6506 pence in an […]
Tag: Power Metal Resources plc
Power Metal completes early Authier North earn-in
Power Metal Resources plc has negotiated early completion of the earn-in to a 100% interest at the Authier North lithium project in Quebec. CASH AND EQUITY The agreement from July 2021 is for Authier North and Duval East in the Val d’Or mining camp approximately 45km northwest of the city of Val d’Or. The company said it had […]
Power Metal looks to Saudi Arabia-Oman potential
Power Metal Resources plc has signed a consulting agreement with Jasper Consult DMCC potentially to build a new exploration asset base in Saudi Arabia and Oman. PHASES The London and Dubai-based strategic consultant, with “extensive expertise” in both countries, will aid the junior company establish a presence through a phased approach. Power Metal said that the deal […]
Golden Metal signs letter of intent for tungsten off-take
Golden Metal Resources plc has signed a non-binding letter of intent for a tungsten concentrate off-take agreement from its Pilot Mountain tungsten project in Nevada. WESTERN SUPPLIES The deal with Global Tungsten & Powders LLC (GTP) of Towanda, Pennsylvania is subject to due diligence and to Golden Metal securing funds to develop the project. GTP develops, manufactures […]
FCM raises £1m via discounted subscription and warrant exercise
First Class Metals plc has received more than £1 million from an oversubscribed discounted fundraise and a warrant exercise. PLACING & SUBSCRIPTION The company placed 9,599,000 ordinary shares and held a subscription of 375,000 ordinary shares, each of £0.001 par value, at a price of 10 pence per share. Every two placing and subscription share […]
Power Metal extends uranium assets into Athabasca
Power Metal Resources plc has extended its uranium portfolio to within the Athabasca Basin ahead of beginning its largest exploration campaign in Saskatchewan. PERCH RIVER The two-year Perch River licences, covering 39.41km2, lie less than 10km from the northern Athabasca basin edge and are covered by Athabasca sandstone to an estimated depth of 50 to 200m. A […]