Power Metal Resources plc said it had started assessing priority targets for drilling at its Pilot Mountain tungsten-copper-silver-zinc project in Nevada, USA. STRUCTURE The company’s subsidiary (83.13%) Golden Metal Resources owns 100% of the Pilot Mountain, Garfield and Stonewall projects and a right to earn-in to a 100% interest in the Golconda project. Golden Metal […]
Tag: Power Metal Resources plc
Power Metal receives £35,000 via warrant exercise
Power Metal Resources plc received notice to exercise warrants over 4,631,515 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share, for £34,736. Following admission, Power Metal’s issued share capital will comprise 1,502,733,450 ordinary shares of 0.1p each.
Power Metal finds extensive Tati gold workings-dumps
Power Metal Resources plc said it had found extensive historical gold workings and dumps at its 100% owned Tati gold-nickel project within the prolific Tati Greenstone Belt near Francistown, Botswana. TATI Chief executive Paul Johnson described the initial findings as “extremely positive”. The project covers prospecting licences for gold and nickel mineralisation including PL126/2019, PL127/2019, and the […]
Power Metal receives £129,868 via warrant exercise
Power Metal Resources plc raised £129,868 after receiving notice to exercise warrants over 17,315,789 new ordinary shares of 0.1 pence at an exercise price of 0.75p. Following admission, the company’s issued share capital will comprise 1,498,101,935 ordinary shares of 0.1p each.
Kavango’s Ditau rare earth and KCB projects valued at $8 million
Kavango Resources plc said it had received an independent valuation of US$8 million for its rare earth element (REE) Ditau Camp and Kalahari Copper Belt (KCB) joint venture in Botswana. VALUATION The 50-50 JV, under Kanye Resources plc, is between Power Metal Resources plc and operator Kavango which intends to regain 100% control of the […]
Power Metal confirms uranium exploration targets
Power Metal Resources plc has confirmed uranium exploration targets across four properties in the company’s portfolio surrounding the Athabasca Basin in Saskatchewan, Canada. PORTFOLIO The company’s uranium assets comprise seven properties of Thibaut Lake, Clearwater, Tait Hill, Soaring Bay, Cook Lake, E-12 and Reitenbach. The targets are on Tait Hill, Soaring Bay, Clearwater and Thibault Lake. EXPLORATION Power Metal added that […]