Golden Metal Resources plc reported bonanza silver grades and a magnetic bullseye anomaly overlapped by a uranium target at Garfield in Nevada, USA. NEW-STYLE DEPOSIT Assay analysis, from geological mapping and rock sampling at the project within the Walker Lane mineral belt, confirm silver grades of up to 1,225g/t silver, including 18.35g/t silver and 1.89% copper. The […]
Tag: uranium
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 […]
Power Metal uranium subsidiary raises £421,500
Power Metal Resources plc uranium-focused subsidiary has completed a pre-IPO financing of £421,500 for its planned listing during the first half of 2024. EXPECTATIONS Teathers Financial plc, to be renamed as Uranium Energy Exploration plc (UEE), raised the funds at 1.241135p per Teathers new ordinary share. It conditionally acquired the Reitenbach and E-12 Uranium properties in 2022 […]
Power Metal expands Perch River footprint
Power Metal Resources plc has expanded its Perch River uranium project by 38% to include more helium anomalies and prospective geology. TREND The move follows the discovery earlier this month of “highly significant” helium anomalies at the site within the Athabasca basin. The company has now secured a further 1,514.8ha to the North taking the […]
Power Metal finds helium anomaly at Perch River
Power Metal Resources plc has discovered an “extremely strong” helium anomaly in the centre of its Perch River uranium project within the Athabasca basin, Saskatchewan. EXPECTATIONS The company recently acquired the two-year Perch River licences, covering 39.41km2 and located less than 10km from the northern basin edge. Chief executive officer Sean Wade said that the indications could be […]
British Lithium cleared for Imerys JV
British Lithium Ltd has received clearance for a 20-80% joint venture (JV) with French minerals miner Imerys. PRODUCTION The Australian company has been processing lithium carbonate from Cornish granite on Imerys’ land, estimated to have an inferred mineral resources of 161 million tonnes at a grade of 0.54 % lithium oxide. The target life of […]