Power Metal Resources PLC (AIM:POW) said it has seen a “considerable increase” in the level of interest in its Athabasca assets following the recent strong uptick in the uranium price.
In a business update, it said plans for an initial public offering (IPO) of Uranium Energy Exploration (UEE) are also progressing with an announcement expected shortly.
In Africa, Power Metal said it is also seeing interest in both its Tati and Molopo Farms projects, where it is exploring the possibility of new partnerships.
Bringing in new partners plus expanding the shareholder base are key objectives for the group going forward, it added.
Results from exploration programmes in a number of projects are due by the end of the year, including at Athabasca and Tati.
Sean Wade, chief executive, commented: "We expect various news updates in the near term, informing shareholders of the outcomes of current exploration programmes, the launch of new exploration activities and the results of our corporate activities seeking value crystallisation and streamlining of the company.
"I am very confident that the actions we are taking, coupled with the positive macro backdrop for commodity prices, will translate into significant returns for shareholders over time."