Power Metal Resources plc has exercised its option to acquire the Coco East property located on the prospective Schreiber-Hemlo greenstone belt, in northwest Ontario. TARGETS Coco East is the second of four gold exploration properties for which the company has an exclusive option to acquire a 100% interest. The acquisition follows Power Metal’s recent acquisition […]
Tag: Power Metal Resources plc
Power Metal losses narrow as global scope rises
Power Metal Resources plc reported it last year narrowed losses and increased its interests as it quickened the pace of its base and precious metals business. FINANCES In its audited results for the year to 30 September 2020, the company reported a loss of £1.4 million (2019: £1.6m). At the year end, Power Metal held […]
Power Metal raises £101,500 through warrant exercise
Power Metal Resources plc said it had received subscription monies of £101,500 following notices to exercise warrants over 13,150,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 7,150,000 warrants at an exercise price of 1.0 pence per ordinary share of […]
Power Metal identifies new visible sulphides at Molopo
Power Metal Resources said it had identified additional visible sulphides as the company awaits test results from its nickel sulphide and platinum group metals project (PGM) in Molopo Farms Complex (MFC), Botswana. The metal mining company added that that up to 14 new targets in order of priority for ground exploration work have also been […]
Power Metal raises £88,962 through warrant exercise
Power Metal Resources plc said it had received subscription monies of £88,962 following notices to exercise warrants over 8,896,200 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 8,896,200 warrants at an exercise price of 1.0 pence per ordinary share of […]
Power Metal acquires McKellar gold-VMS property in Ontario
Power Metal Resources plc has exercised its option to acquire the McKellar property located on the Schreiber-Hemlo greenstone belt in northwest Ontario, Canada. EXCLUSIVE OPTION The underexplored property comprises 58 mining claims (49 single cell mining claims and nine boundary cell mining claims) covering circa 12.3km². McKellar is one of four gold exploration properties on […]