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 […]
Tag: Power Metal Resources plc
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 […]
Golden Metal’s targets add ‘significant potential’ to Pilot
Golden Metal Resources plc has identified three “significant” exploration targets which could increase the resource potential for its flagship Pilot Mountain tungsten project in Nevada, USA. ZONES Results from a high-resolution induced polarisation geophysics survey showed undrilled targets of Desert Scheelite parallel west zone; Porphyry depths zone; and Desert Scheelite east extension zone all within the Walker Lane […]
Golden Metal appoints Chang Turkmani as advisor
Golden Metal Resources plc has appointed Chang Oh Turkmani as a strategic United States government advisor, with immediate effect. She will help the company advance its critical minerals strategy in Nevada and the broader United States. Mrs Turkmani is experienced in import and export of industrial commodities, mining, manufacturing, construction, energy trading, shipping, environmental remediation, renewable energy, and investment advisory […]