Power Metal Resources PLC (AIM:POW), the London-listed exploration firm, has forged a new strategic partnership with consultancy firm Jasper Consult.
The agreement aims to tap into unexplored mineral-rich locations in Saudi Arabia and Oman.
As part of the collaboration, Jasper Consult will identify potential exploration spots, assist in negotiating licences, and find suitable co-development and strategic partners for Power Metal.
In a statement, Power Metal CEO Sean Wade said: "I am very pleased to announce this new relationship with Jasper Consult.
"The Arabian Shield geological trend is a rich mineral system which is vastly underexplored, presenting an excellent opportunity for us to demonstrate our successful business model.
"By utilising the regional expertise of Jasper Consult, we hope to secure exploration licences and further crystallise value for shareholders."