Power Metal Resources plc received notices to exercise warrants over 6,250,000 new ordinary shares of 0.1 pence each in the company, for £43,750. The warrant shares have an exercise price of 0.7 pence per ordinary share.
Tag: Power Metal Resources plc
Kavango targets majority share in Molopo
Kavango Resources plc said it had entered an exclusive three-month option to acquire the majority share of the nickel-copper-platinum group elements Molopo Farms Complex project in Botswana. BUSINESS PARTNERS In an all-share transaction Kavango would acquire 85.23% of Kalahari Key Mineral Exploration Proprietary Ltd (KKME) which owns prospecting licences PL310/2016, PL311/2016 and PL202/2018 at Molopo. […]
Power Metal notes start of test pitting at Alamo gold project
Power Metal Resources plc announced the start of a test pitting programme targeting coarse gold mineralisation at the Alamo project in Arizona, USA. PROGRAMME The permitted programme allows for the excavation of up to six test pits (three at Breccia Hill and three at Big Boulder Wash), and five percussion drill holes. The company said that the geological […]
Power Metal completes acquisition of FDR
Power Metal Resources plc said it had completed its 100% acquisition of First Development Resources Pty Ltd (FDR) which holds gold-copper interests in the Paterson Region of Western Australia. ACQUISITION The Paterson interests are held by First Development Resources Limited (FDR) which now has a 100% interest in local Australian operating company First Development Resources Pty Ltd (FDR Australia). Power Metal has an […]
Power Metal increases rare earth-uranium assets in Australia
Power Metal Resources plc has increased its uranium and rare earth elements portfolio by acquiring 100% of the Selta project in the Northern Territory, Australia. SELTA The deal is through the company’s subsidiary, First Development Resources Ltd (FDR), in an all-FDR share transaction to acquire Australian company URE Metals Pty Ltd which owns the project. FDR will start exploration […]
Power Metal raises £1.05 million through placing
Power Metal Resources plc has raised £1.05 million through the issue of 60,000,000 new ordinary shares of 0.1p each. The funds were raised at the closing market mid-price of 1.75p on 12 November, increasing the company’s working capital comprising solely cash and listed investments to circa £3m. The new shares issued represent a dilution of 4.5% of current issued share […]