Power Metal Resources plc raised £69,306 after receiving a notice to exercise warrants over 9,240,843 new ordinary shares of 0.1 pence each. The warrant shares are being issued pursuant to the exercise of 9,240,843 warrants at an exercise price of 0.75 pence per ordinary share of 0.1 pence each.
Tag: Power Metal Resources plc
Power Metal nears acquisition of Wallal
Power Metal Resources plc is closer to acquiring First Development Resources Australia (FDR Australia) with its two copper-gold Wallal exploration licences in the Paterson Province of Western Australia. LICENCES The news follows the granting of licences E45/5816 – Wallal Main and E45/5880 – Wallal West 2 to FDR Australia. The Wallal Main licence hosts two magnetic […]
Power Metal encounters nickel enrichment at Molopo
Power Metal Resources plc said it had encountered nickel enrichment at Molopo Farms Complex nickel-copper-platinum group element (PGE) project in southwest Botswana. ASSAYS The results are from further assays received for hole KKME 1-6, the second of three holes at the project. Nickel enrichment was encountered throughout the entire 7m interval assayed as part of the batch, […]
Red Rock-Power Metal set up Australia gold JV
Red Rock Resources plc and Power Metal Resources plc have started the incorporation of a new holding company for their joint venture in the Victoria gold fields, Australia. IPO The companies’ current joint company, Red Rock Australasia Pty Ltd (RRAL), will be held in New Ballarat Gold Corporation plc (NBGC). RRAL will become a wholly owned […]
Power Metal confirms large gold-in-soil anomaly at Tati
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 […]
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 […]