Power Metal Resources plc has signed an option agreement, with a down payment on drilling, to acquire a 100% interest in two gold-nickel prospecting licences in the Tati Greenstone Belt (TGB), northeast Botswana. Following a 60-day period of due diligence, Power Metal may exercise the option through its newly formed 100% owned subsidiary Power Metal […]
Tag: Power Metal Resources plc
Power Metal prepares to drill at Kisinka
Power Metal Resources plc has had its exploration licence converted to a 25-year production licence as it prepares to drill for copper-cobalt at the Kisinka project in the Democratic Republic of Congo (DRC). The licence covers 61 carrés, each of 84.95 ha for a total of 5,181.95 ha, at the project located 30km east of […]
Power Metal hatches investor line for resource fledglings
Power Metal Resources plc has established a new 100% owned subsidiary ‘incubator’ business, Power Capital Investments Ltd, to identify small, entrepreneurial business ventures with significant growth potential. The miner will fully fund Power Capital, which will provide support in business management, project development and corporate development. This will allow small companies to grow rapidly and […]
Red Rock-Power Metal awarded more licences
Red Rock Australasia Pty Ltd has been granted two further gold exploration licences near the historic mining centre of Ballarat in the Victoria gold fields of Australia. OLD MINES The joint venture comprises Red Rock Resources plc holding a 50.1% interest and Power Metal Resources with 49.9%. Power Metal chief executive Paul Johnson and chairman […]
Power Metal raises £26,250 through warrant exercise
Power Metal Resources plc has received £26,250 after receiving notices to exercise warrants over 3,750,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 3,750,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each in […]
Power Metal agrees Paterson acquisition
Power Metal Resources plc has agreed to a 75% strategic interest in a UK special acquisition vehicle which will acquire outright copper-gold focused First Development Resources (Pty) Ltd (FDR Australia) in Western Australia. EXPLORATION VEHICLE FDR Australia’s interests lie in the Paterson Province in the eastern Pilbara region. In January 2021, Power Metal secured an […]