Power Metal said it was accelerating its earn-in and forming a new company for the Silver Peak project, which includes the Eureka-Victoria silver mine, in British Columbia, Canada. The junior miner retains its 30% interest through the new Canadian company, which will hold a 100% interest in the property, and its partners hold the remaining […]
Tag: Power Metal Resources plc
Power Metal starts third NiS-PGM drill hole at Molopo
Power Metal Resources plc announced that diamond drilling had started on the third hole at its nickel sulphide and platinum group metals project at Molopo Farms Complex (MFC) in Botswana. Site operator Kalahari Key Mineral Exploration Pty Ltd began drilling hole KKME 1-11a as part of a planned 2,505 metre programme. Power Metal said that […]
Power Metal raises £7,000 through warrant exercise
Power Metal Resources plc has received subscription monies of £7,000 after receiving notices to exercise warrants over 1,000,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 1,000,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 […]
Red Rock-Power Metal to apply for Canada IPO and new gold licence
Red Rock Resources plc and Power Metal Resources plc have appointed legal counsel to begin the IPO process in Canada for the joint venture partners’ gold interests in Australia. LICENCES Red Rock Resources Australasia plc (RRAL), split 50.1%-49.9%, has also submitted an application for another licence in the Ballarat region in the Victoria gold fields. […]
Power Metal appoints Edmund Shaw as NED
Power Metal Resources plc has appointed Edmund (Ed) Charles Frederick Edmund Shaw as non-executive director. Mr Shaw, aged 47, is an experienced City finance professional took up his position on 19 February 2021. His previous directorships include Dunton Capital LLP, Manders & Shaw Limited and ShawCap Limited. He is currently director at NewPeak Capital LLP […]
Power Metal raises £18,992 via warrant exercise
Power Metal Resources plc received £18,992 following notices to exercise warrants over a total 2,199,200 new ordinary shares of 0.1 pence each in the company. Exercise of 1,199,200 warrants is at 1.0 pence per ordinary share and 1 million warrants at 0.7 pence per ordinary share. Following admission, Power Metal’s issued share capital will comprise 1,135,917,930 […]