Power Metal Resources plc raised £10,500 after receiving a notice to exercise warrants over 1,500,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 1,500,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each.
Tag: Power Metal Resources plc
Power Metal acquires FDR Australia
Power Metal Resources plc has acquired 100% of First Development Resources Pty Ltd (FDR Australia) following the grant of the final copper-gold licence in the Paterson Region of Western Australia. REVISED AGREEMENT Earlier in 2021, the company made an offer, conditional on the granting of the final licence in the Wallal project, for 75% of the Australian company. […]
Kavango awarded EMP for Kalahari licences
Kavango Resources plc has been awarded an environmental management plan (EMP) covering all of its prospecting licences in the Kalahari copper belt, Bostwana. OPERATIONS The two-year licences include those within the Kanye Resources 50-50 joint venture with Power Metal Resources plc and the 90% earn-in JV with LVR GeoExplorers (Pty) Ltd. Kavango said that the […]
Power Metal applies for 1,994km2 licences in Australia
Power Metal Resources plc has applied for two licences covering 1,994km2 and targeting Olympic Dam-style copper-gold mineralisation in the Gawler Craton, South Australia. SUBSIDIARY The company’s new wholly owned Australian subsidiary, Power Metal Resources Australia Pty Ltd (Power Australia) will be the host vehicle for new Australian exploration interests of Power Metal. These are being acquired to replace current […]
Power Metal increases uranium licences
Power Metal Resources has staked additional ground and started Phase 1 work programme on prospective uranium areas surrounding the Athabasca Basin in northern Saskatchewan, Canada. HISTORIC DATA The company also reported that compilation data for the Tait Hill property demonstrated uranium mineralisation on the property and extending outside of the previous property boundary. Compilation of data for the Clearwater property […]
Power Metal raises £40,000 with warrant exercise
Power Metal Resources plc has raised £40,000 after receiving notices to exercise warrants over 4,000,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued pursuant to the exercise of 4,000,000 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 pence each in the company.