Power Metal Resources PLC (AIM:POW, OTCQB:POWMD) has agreed to extend the deadline to create a new uranium-focussed joint venture company, as certain administrative tasks linked to financing arrangements are currently outstanding.
The company, in a brief statement, noted that all required workstreams with respect to the legal due diligence are now complete and the preparation of the definitive legal transaction documents for the transaction are now in substantially final form.
A new deadline is set as 27 September 2024.