Power Metal Resources' chief executive said its focus going forward will be to complete planned portfolio disposals, secure operational partnerships over certain exploration interests and drive its uranium interests forward.
"We are making progress across all these areas and whilst the completion of the Golden Metal Resources IPO and £2.7m financing, both in May 2023, are perhaps the notable events for investors recently, we hope to announce many more corporate and exploration events in the coming weeks and months,” Sean Wade added.
As well as Golden Metal, Power Metal is working on IPOs for subsidiaries First Development Resources and Uranium Energy Exploration.
Power Metal posted a loss of £1.6mln (£1.71mln) in the half year to end March 2023.