Power Metal Resources plc said new sampling results further demonstrated gold mineralisation continuity within the 8km-long gold trend at Tati near Francistown, Botswana. ANOMALIES The company first confirmed the project’s large-scale gold-in-soil anomaly in September 2021 two months after acquiring the project. Today’s published results are from last year’s extensive soil sampling and show the presence […]
Tag: Power Metal Resources plc
Power Metal raises £1.3m from high net worth investors
Power Metal Resources plc has raised £1.3 million by issuing 130m ordinary shares each of 0.1 pence to UK-based high net worth investors and its first strategic Saudi Arabian investor. The ordinary shares had an issue price of 1.0 pence per ordinary share, representing a premium of approximately 3.09% to the closing mid-market price of 0.97 pence per ordinary share […]
Power Metal NED Owain Morton leaves
Power Metal Resources plc non-executive director Owain Morton will leave the company with immediate effect due to other work obligations. In July 2023 and while a NED, Mr Morton became director – technology and innovation at Ma’aden in Saudi Arabia where Power Metal has its own interests. Chairman Scott Richardson-Brown said: “As a board, we are sad […]
Power Metal signs non-binding MoU with Saudi Arabia
Power Metal Resources plc has agreed a non-binding memorandum of understanding with Saudi Arabia for potential exploration projects in the country. TECHNICAL The MoU was signed with the Ministry of Investment of the Kingdom of Saudi Arabia (MISA) at the recent Future Minerals Forum in Riyadh. Both parties will explore the possibility of a joint collaboration for “high value-added” investment […]
FCM drilling shows ‘robust’ intersects at Zigzag
First Class Metals plc (FCM) intersected spodumene-bearing pegmatites in nine targeted holes drilled at the Zigzag lithium property in the Seymour-Falcon corridor, northwestern Ontario. SAMPLING The company recorded more than 50 metres of pegmatite, exceeding 5m in thickness, and mineralisation remaining open along strike and down dip. Multiple mineralised pegmatite zones were intersected in holes […]
Power Metal identifies further uranium targets
Power Metal Resources plc has identified additional multiple “significant” uranium targets at another two of its 17 projects in and around the Athabasca basin, Saskatchewan. CLEARWATER The findings, from the unmanned aerial vehicle magnetic geophysics surveys covering Clearwater and Cook Lake, are from the company’s 2023 exploration programme across its 1,012km2 portfolio. At Clearwater, the survey focused […]