Power Metal Resources plc confirmed a large scale gold-in-soil anomaly at the Tati project located in the Tati greenstone belt near Francistown, Botswana. RESULTS The gold anomaly at the Sikukwe Zone was confirmed following laboratory assay testing results of soil and rock samples collected during the company’s Phase I exploration programme. The second batch of samples, including […]
Tag: Power Metal Resources plc
Power Metal sells Schreiber-Hemlo assets for £1m
Power Metal Resources plc has sold some of its 100% Schreiber-Hemlo interests in Ontario to First Class Metals Ltd (FCM). STRATEGIC UK minerals explorer FCM, seeking to list later in 2021, aim to prove and develop the potential of the Pezim blocks, Esa and Sugar Cube gold-base metal projects. FCM will pay £1 million through the issue of […]
Power Metal receives £43,750 via warrant exercise
Power Metal Resources plc received £43,750 following notices to exercise warrants over 6,250,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are each being issued at an exercise price of 0.7 pence.
Tati anomalies could be game changing for Power Metal
Power Metal Resources plc confirmed large scale anomalies from first soil sample results at its wholly owned gold-nickel Tati project near Francistown in Botswana. SAMPLING The company collected a total of 1,107 soil samples and 49 rock samples across five grid areas. The results are from 727 soil samples from grids 2 to 5, analysed […]
Power Metal raises £123,000 through warrant exercise
Power Metal Resources plc raised £123,000 following notices to exercise warrants over 16,500,000 new ordinary shares of 0.1 pence each. The warrant shares are being issued pursuant to the exercise of 15,000,000 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 pence each in the company (ordinary share) and 1,500,000 warrants at an exercise price of 0.70p per […]
Power Metal raises £300,000 via insider warrant exercises
Power Metal Resources plc raised £300,000 following completion of irrevocable insider warrant exercises. Value Generation Ltd, a private company beneficially owned by Power Metal’s chief executive Paul Johnson, completed its irrevocable undertaking to exercise warrants to subscribe for 10 million new ordinary shares of 0.1p each at an exercise price of 1.0p per ordinary share raising £100,000. Following admission […]