Power Metal Resources PLC (AIM:POW) said it is keen on more uranium assets after samples from its Athabasca Basin projects in Saskatchewan indicated high grades of metal.
“We remain of an acquisitive mindset with regard to uranium properties and are currently reviewing additional Canadian and African uranium exploration opportunities, said Paul Johnson, chief executive.
Twenty samples were taken from the three projects at Athabasca Basin with 3.86% uranium oxide the best grade and multiple other targets identified to follow up, said the junior.
"The confirmation of high-grade uranium through assay testing of rock samples from the recent exploration programme is extremely positive and demonstrates the value of the diligent review work undertaken when the footprint was selected for staking earlier in the year," added Johnson.