Power Metal Resources plc said it was looking for additional uranium properties in Canada and Africa following high grade exploration results from its interests surrounding the Athabasca Basin in northern Saskatchewan. TARGETS The company reported rock samples up to 3.86% U308 (38,600ppm) from three of seven of its 100% interests: Tait Hill, Thibault Lake and Cleawater. Phase I […]
Tag: Power Metal Resources plc
New Ballarat starts inaugural diamond drill in Victoria
New Ballarat Gold Corporation plc (NBGC) has started its inaugural diamond drill and added a new 489km2 exploration licence in the Victoria gold fields, Australia. NEW LICENCE The joint venture company is between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). New Ballarat owns 100% of local operating subsidiary Red Rock Australasia Pty […]
Power Metal raises £112,000 via warrant exercise
Power Metal Resources plc raised £112,000 after receiving notices to exercise warrants over 16,000,000 new ordinary shares of 0.1 pence each in the company. 2019 WARRANTS The warrant shares are being issued pursuant to the exercise of 16,000,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each. Power Metal said that the warrants exercised were issued […]
Power Metal subsidiary raises £750,000 for listing
Power Metal Resources plc said that its subsidiary Golden Metal Resources Ltd had raised £750,000 in pre-IPO financing for its planned listing and operational expenses for its projects in Nevada, USA. PROJECTS Golden Metal’s portfolio includes the Pilot Mountain tungsten (with copper, silver and zinc) and Golconda Summit (gold). LISTING Capital restructuring of Golden Metal share capital will enable additional […]
Power Metal raises £52,500 through warrant exercise
Power Metal Resources has raised £52,500 after receiving notices to exercise warrants over 7,500,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued at an exercise price of 0.7 pence per ordinary share of 0.1 pence each.
New structure for Red Rock-Power Metal JV in Victoria
Red Rock Resources plc and Power Metal Resources plc announced a new business structure ahead of a drill programme in their Victoria gold fields joint venture, Australia. ADDITIONAL LICENCE Red Rock has exchanged shares in its JV Red Rock Australasia Pty Ltd for 50.1% of the newly formed New Ballarat Gold Corporation (NBGC) plc. Power […]