Power Metal Resources plc has intersected the targeted steeply dipping geophysical superconductor at Molopo Farms Complex, southwest Botswana. ANALYSIS The company is targeting a district-scale nickel and platinum group element (PGE) discovery at the project. Diamond drilling on DDH1-14C began in February and has now completed to a final depth of 832.6 metres at the high priority […]
Tag: Power Metal Resources plc
Power Metal begins trading on OTCQB
Power Metal Resources plc will today begin trading its ordinary shares of 2 pence each on the OTCQB Venture Market in the United States. The company will continue to make announcements and disclosures to the London Stock Exchange. Chief executive Sean Wade said that Power Metal had “significant” interest in its shares from North American investors. “We see this as […]
FCM in talks to sell certain Ontario assets
First Class Metals plc has started discussions on a possible sale of certain of its core and non-core properties in northern Ontario. VALUE Talks with Southport-based Seventy Ninth Resources Ltd, part of asset manager Seventy Ninth Group, aim to establish a commercial heads of terms. Seventy Ninth Resources has since 2011 focused on potential gold […]
Power Metal reduces 2.2bn shares to 100m
Power Metal Resources plc has reduced the number of its shares in issue from 2.2 billion to 100m after receiving approval at yesterday’s general meeting. Shareholders voted 80.05% in favour and 19.95% against to consolidate every 20 ordinary shares of 0.1p each in issue into one new ordinary share of 2p each. Following admission, Power […]
Power Metal signs Saudi Arabia earn-in
Power Metal Resources plc has signed a binding earn-in for 15 tenements, mainly prospective for lithium, in Saudi Arabia. JOINT VENTURE The deal is with Australian company EV Metals Group plc’s special purpose vehicle RIWAQ Al-Mawarid for Mining (RIWAQ). An option over RIWAQ was rejected in June 2023 by Critical Mineral Resources under its then […]
Power Metal mulls assets merger for uranium investors
Power Metal Resources plc might combine its uranium licences with some of its other assets to secure an investment agreement. OPTIONS The company, currently preparing Uranium Energy Exploration plc for listing, said it had seen interest from institutional, high-net worth and retail investors in the UK and elsewhere, “including a potential cornerstone investor”. “However, a number of significant […]