Power Metal Resources plc raised £25,000 following notice to exercise options by a former director over 2,500,000 new ordinary shares of 0.1 pence each in the company. The option shares were exercised at a price of 1.0 pence per new ordinary share.
Tag: Power Metal Resources plc
Power Metal starts drilling at Haneti
Power Metal Resources plc has started its inaugural 1,000 metre diamond drill programme on the nickel-copper-cobalt-platinum group element (PGE) joint venture (JV) Haneti project in central Tanzania. PROGRAMME The JV, comprising Power Metal (35%) and Katoro Gold plc (65%), renewed the Haneti licences for a further seven years before the start of drilling. The programme comprises three […]
Power Metal completes historic datasets for uranium assets
Power Metal Resources plc has completed compilation of in-depth historic data ahead of exploration across its uranium portfolio surrounding the prolific Athabasca Basin in Saskatchewan, Canada. EXPLORATION The company said its fully digitised database covering its seven 100% owned interests over 411.96km2 was drawing interest from third parties. As an example, following technical surveys and analysis, […]
Power Metal granted extension to two Molopo licences
Power Metal Resources plc has been granted a two-year extension to prospecting licences PL310/2016 and PL311/2016 at the Molopo Farms Complex, southwest Botswana. OWNERSHIP Power Metal holds a 40% direct interest in the project and a 20.65% shareholding in Kalahari Key Mineral Exploration Pty Ltd (KKME), which holds the remaining 60% interest. Kavango Resources plc currently has an option to acquire […]
Power Metal secures first 100%-owned Botswana project with Au-Ni licences
Power Metal Resources plc marked an emotional moment as it secured its first 100%-owned project in Botswana with the receipt of the two gold-nickel Tati prospecting licences (PLs). OPPORTUNITY The vendors transferred PLs 126/2019 and 127/2019 to the company’s subsidiary Tati Greenstone Resources Pty Ltd (TGR). “This is an extremely poignant moment for Power Metal, with the successful […]
Power Metal starts reconnaissance work at Wallal
Power Metal Resources plc announced the start of ground reconnaisance at its gold-copper interests in the Wallal project in the Paterson Province, Western Australia. DRILL LOCATIONS The company’s assets are held through through First Development Resources Ltd (FDR). The Wallal project, comprising E45/5816, E45/5853 and E45/5880, is one of FDR’s three Paterson region projects. A reconnaissance team will survey and […]