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 […]
Tag: uranium
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 […]
Power Metal mulls sale of Reitenbach at Athabasca
Power Metal Resources plc said it was reviewing strategies, including a sale, for its Reitenbach uranium property at Athabasca in northern Saskatchewan, Canada. STRATEGY The company has also recruited a uranium-focused team member to advance its interests. Reitenbach (146km2) is one of Power Metal’s seven 100% owned interests in its Athabasca portfolio covering a total […]
Power Metal completes historic datasets for uranium assets
Power Metal Resources plc has completed compilation of in-depth historic data ahead of exploration across its uranium portfolio surrounding the prolific Athabasca Basin in Saskatchewan, Canada. EXPLORATION The company said its fully digitised database covering its seven 100% owned interests over 411.96km2 was drawing interest from third parties. As an example, following technical surveys and analysis, […]
Power Metal seeks more uranium sites at Athabasca
Power Metal Resources plc said it was looking for additional uranium properties in Canada and Africa following high grade exploration results from its interests surrounding the Athabasca Basin in northern Saskatchewan. TARGETS The company reported rock samples up to 3.86% U308 (38,600ppm) from three of seven of its 100% interests: Tait Hill, Thibault Lake and Cleawater. Phase I […]