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 […]
Tag: Power Metal Resources plc
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 […]
Power Metal receives £31,579 via warrant share
Power Metal Resources plc has raised £31,579 after an exercise of warrants. The company received a notice to exercise warrants over 4,210,526 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share.
Power Metal receives £18,750 through warrant exercise
Power Metal Resources plc said it had raised £18,750 after receiving notices to exercise warrants over 2,500,000 new ordinary shares of 0.1 pence each. These were at an exercise price of 0.75p per warrant share.