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Power Metal stakes seven uranium claims in Saskatchewan

The claims are valid for 2 years and there is no minimum spend commitment required.

Power Metal Resources PLC -

Power Metal Resources PLC (AIM:POW, FRA:2M5) has staked a claim in four uranium exploration properties comprising seven licences surrounding the Athabasca Basin in Saskatchewan, Canada.

The four 100% owned properties cover a combined 10,869-hectares and are in an area home to some of the world's largest and highest-grade uranium mines, said its statement.

The claims are valid for 2 years and there is no minimum spend commitment required.

Paul Johnson, chief executive, added: "Power Metal has been reviewing uranium opportunities across three different continents for some time, and today we make our first important public step into the uranium commodity space.”

Quick facts: Power Metal Resources PLC


Price: 2.125 GBX

Market Cap: £26.47 m

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