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 […]
Tag: uranium
Power Metal increases rare earth-uranium assets in Australia
Power Metal Resources plc has increased its uranium and rare earth elements portfolio by acquiring 100% of the Selta project in the Northern Territory, Australia. SELTA The deal is through the company’s subsidiary, First Development Resources Ltd (FDR), in an all-FDR share transaction to acquire Australian company URE Metals Pty Ltd which owns the project. FDR will start exploration […]
Power Metal steps up uranium campaign
Power Metal Resources plc has further increased its uranium portfolio by 54% at its 100% owned interests surrounding the Athabasca Basin in northern Saskatchewan, Canada. DATA The company has added 144.84 km2 and now holds 411.96 km2 (41,196 ha) with the additional ground (54.2%) staked around Thibaut Lake, Clearwater and Reitenbach properties. Power Metal said it was compiling historic data from […]
Power Metal starts campaign to increase uranium interests
Power Metal Resources plc said it had started a campaign to increase significantly its uranium portfolio as it staked additional claims around the Athabasca Basin in northern Saskatchewan, Canada. EXPANSION Power Metal has three times increased its 100% owned uranium portfolio in Canada since staking its first four claims in mid-September. The company today announced it had […]
Power Metal acquires FDR Australia
Power Metal Resources plc has acquired 100% of First Development Resources Pty Ltd (FDR Australia) following the grant of the final copper-gold licence in the Paterson Region of Western Australia. REVISED AGREEMENT Earlier in 2021, the company made an offer, conditional on the granting of the final licence in the Wallal project, for 75% of the Australian company. […]
Power Metal increases uranium licences
Power Metal Resources has staked additional ground and started Phase 1 work programme on prospective uranium areas surrounding the Athabasca Basin in northern Saskatchewan, Canada. HISTORIC DATA The company also reported that compilation data for the Tait Hill property demonstrated uranium mineralisation on the property and extending outside of the previous property boundary. Compilation of data for the Clearwater property […]