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 […]
Tag: Power Metal Resources plc
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 […]
Power Metal secures 50.8% in NiS-PGMs Molopo project
Power Metal Resources plc announced it had completed the earn-in to a 40% direct interest in the nickel sulphide and platinum group metals project at Molopo Farms Complex (MFC) in Botswana. The miner’s agreement with Kalahari Key Mineral Exploration Pty Ltd began in 2019 based on Power Metals expending US$500,000 on exploration, notably drilling of […]
Power Metal given extension for Cu-Au option in Paterson
Power Metal Resources plc has secured a short extension to its option to acquire First Development Resources (Pty) Ltd with copper-gold exploration interests in the Paterson Province in the eastern Pilbara Region of Western Australia. In January, the junior miner secured an exclusive 60-day option to acquire the Australian company to increase its interests in […]