Power Metal Resources plc has further expanded its uranium portfolio with its first venture into Togo, West Africa. TARGETS The company already has uranium interests in Saskatchewan, Canada and the Northern Territory, Australia. Power Metal added that existing project targets had been established in Togo and that it was planning next stages of exploration as well as […]
Tag: Power Metal Resources plc
Power Metal receives £4,934 via warrant exercise
Power Metal Resources plc raised £4,934 after receiving notice to exercise warrants over 657,895 new ordinary shares of 0.1 pence each in the company. This was at an exercise price of 0.75p per warrant share.
Kavango-Power Metal start fourth Ditau drill hole
Kavango Resources plc said it had completed the third diamond drill hole on the i1 target and started drilling the next target at the Ditau Camp joint venture (JV) rare earth element (REE)-base metal project in southwest Botswana. DITAU CAMP The 50-50 JV, under the name of Kanye Resources, is between Kavango as the operator […]
Power Metal plans mapping and sampling at Selta
Power Metal Resources plc’s subsidiary plans mapping and surface sampling of prospective lithium targets at its Selta uranium-rare earth project in the Northern Territory, Australia. BUSINESS STRUCTURE First Development Resources Ltd (FDR), 82.78% owned by Power Metal, conducted a specific review on lithium following a recent in-depth data review covering the licence area. Selta is held within URE […]
Red Rock-Power Metal note potential grades at Victoria
Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%)’s initial drill results made a promising start for the joint venture’s subsidiary New Ballarat Gold Corporation plc in the Victoria gold fields in Australia. JOINT VENTURE Red Rock Australasia Pty Ltd (RRAL), the 100% owned Australian operating subsidiary of New Ballarat, is conducting exploration […]
Power Metal subsidiary in Australia raises £1.1m
Power Metal Resources plc said its subsidiary First Development Resources Ltd (FDR) had raised £1,125,000 ahead of planned listing in Q3 2022 on the London capital markets. FDR FDR is focused on gold-copper, uranium-rare earth element and potential lithium targets in Western Australia’s Paterson Province and the Northern Territory. Money raised will allow FDR to self-finance its operations including IPO listing advisory […]