Power Metal Resources plc said it was preparing for the most effective way to develop target areas in its gold, rare earth element (REE) and uranium projects in Australia. WALLAL-BRAESIDE WEST-RIPON HILLS The company owns 83.33% of local company First Development Resources Ltd (FDR), which plans to list on the London capital markets in Q3 2022. FDR recently completed a […]
Tag: uranium
Power Metal notes ‘significant prospectivity’ at Athabasca
Power Metal Resources plc said its completed technical review of historical data showed “significant uranium prospectivity” at its portfolio surrounding the Athabasca Basin in Saskatchewan, Canada. DATA ROOMS The company holds seven properties which cover a total 450.01km2 (45,001ha). “We now have seven data rooms available which can be used for external third-party discussions, and also for internal […]
Power Metal increases uranium stake in Soaring Bay
Power Metal Resources plc has increased its stake in Soaring Bay by 71% to 79.07km2 following a review of the uranium property in northern Saskatchewan, Canada. LICENCES The company’s Canadian uranium portfolio includes seven 100% owned interests now covering an area of 450.01km2 (45,001 hectares). Soaring Bay lies is approximately 100km south of the Athabasca Basin. FINDINGS […]
Power Metal identifies REE-uranium targets at Selta
Power Metal Resources plc said it had identified multiple rare earth element (REE)-uranium targets with additional tin and lithium prospectivity at its Selta project in the Northern Territory, Australia. DATA REVIEW The company’s 83.33%-owned subsidiary First Development Resources Ltd (FDR) holds the project. Consultants for FDR have now completed an in-depth review of all publicly available geological, geophysical […]
Power Metal granted REE-uranium licences at Selta
Power Metal Resources plc said one of its subsidiaries had now been granted all its exploration licences for the rare earth element and uranium project at Selta in the Northern Territory, Australia. LICENCES All three granted Selta exploration licences have a term of six years to 15 February 2028. The grant includes EL32737 (780.85km2), EL32738 (312.17km2) […]
Power Metal nears grant of REE-uranium licences
Power Metal Resources plc said the grant of licences was imminent for its rare earth element-uranium Selta project in the Northern Territory, Australia. LICENCES Selta is held within URE Metals Pty Ltd, an Australian private company and wholly owned subsidiary of First Development Resources Ltd (FDR) in which Power Metal currently holds a 96.15% interest. Power Metal said that […]