Power Metal Resources plc has conditionally sold its 100% owned Reitenbach uranium property east of the Athabasca Basin in Northern Saskatchewan, Canada. TEATHERS FINANCIAL Teathers Financial plc will buy Reitenbach which is one of Power Metal’s ten uranium properties. The investment company was incorporated in the UK on 1 March 1907 under its former name of CA Sperati […]
Tag: Power Metal Resources plc
Power Metal starts next Molopo exploration phase
Power Metal Resources plc said it had started the next phase of exploration ahead of drilling at its nickel-copper-platinum group element (PGE) project at the Molopo Farms Complex in southwest Botswana. WORK The company has engaged Spectral Geophysics to conduct two electromagnetic geophysics surveys for precise targeting of planned diamond drill holes. Power Metal’s technical team has […]
New Ballarat notes ‘considerable potential’ for Ajax
New Ballarat Gold Corporation plc (NBGC) reported “considerable potential” for its joint venture (JV) Ajax mine in Australia. AJAX LINE The JV is a subsidiary between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). NBGC has a 100% interest in operator Red Rock Australasia Pty Ltd (RRAL), focusing on the Victoria gold fields. Licence […]
Power Metal increases Canadian uranium assets
Power Metal Resources plc has increased its Canadian uranium portfolio to 10 properties and plans more acquisitions in the area surrounding the prolific Athabasca Basin in Saskatchewan, Canada. PROPERTIES The three new properties, covering 271km2, include Porter Lake, Old Woman Rapids and Reindeer Lake and take the company’s total holding to 721km2. TERMS Power Metal’s costs […]
Power Metal receives £139,115 via warrant exercise
Power Metal Resources plc received £139,115 following notices to exercise warrants over 18,548,700 new ordinary shares of 0.1 pence each in the company. The warrant shares exercised at a price of 0.75p each. Following admission, the company’s issued share capital will comprise 1,531,808,465 ordinary shares of 0.1p each.
Power Metal receives £78,947 via warrant exercise
Power Metal Resources plc has received £78,947 from an exercise of warrants. The company received notice to exercise warrants over 10,526,315 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share. Following admission, the company’s issued share capital will comprise 1,513,259,765 ordinary shares of 0.1p each.