Power Metal releases latest results from Tati gold project, showing high grades and continuity of mineralisation
Power Metal Resources has a diverse portfolio of precious and base metals assets located in multiple jurisdictions
Company
Power Metal Resources PLC
LON:POW
Power Metal Resources PLC is a metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries. The company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa, Saudi Arabia and Australia.
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Power Metal plans disposal of 100%-owned E-12 Uranium Property to Teathers Financial
The consideration payable is £250,000 in Teathers Financial new ordinary shares at an issue price of 1.24114p each and the retention of a 2% net smelter return royalty over the property
Power Metal Resources says it intersected high-grade gold at its Tati project in Botswana
“The successful intersection of high-grade gold in the three holes for which assay results have been received is very exciting," said chief executive Paul Johnson
Power Metal says acquisition of an additional 58.7% interest in Kalahari Key Mineral Exploration has received all regulatory approvals in Botswana
Paul Johnson, chief executive officer of Power Metal, commented: "Shareholders will be aware we are currently undertaking the largest drill programme the company has conducted at Molopo Farms and to complete the Transaction at this juncture
Power Metal Resources highlights first key set of exploration results from 81.3%-owned subsidiary Golden Metal Resources
Paul Johnson, chief executive officer of Power Metal Resources said: "The combination of the strategically significant Pilot Mountain Project combined with the blue-sky exploration upside offered by Golconda Summit, as confirmed today, make
Power Metal Resources says final approval received to enable start of drilling at Wallal copper-gold project
FDR, Power Metal’s 62.12% subsidiary, expects to start the drilling programme immediately after its London listing
Power Metal Resources to initiate diamond drilling at TI-14, after positive electromagnetic result
Power Metal Resources has a diverse portfolio of exploration assets spread around the world
Power Metal updates on drilling from the Molopo Farms Complex Project discovery in southwestern Botswana
Paul Johnson, chief executive officer of Power Metal commented: "The initial findings from hole DDH1-6B are exciting, confirming the extension of pyroxenite layering to the south of original hole KKME1-6 and providing significant core inter
Power Metal Resources adds to uranium portfolio
We view the uranium portfolio of Power Metal to be a key part of our company"
Power Metal identifies third 'major' drill target at Molopo Farms
"Each priority conductor identified to date, including T1-6, T1-3 and T2-3, are located proximal to a geological feeder zone," said chief executive Paul Johnson
Power Metal identifies another 'significant' conductor at Molopo Farms
“Airborne magnetic survey results over this new conductor suggest that it could be very sizeable," said company chief executive Paul Johnson
Power Metal begins drilling at 'district scale opportunity' in Botswana
The exploration company said the project is targeting large-scale nickel-copper-platinum group elements
Power Metal Resources says drilling expected to start shortly at the Molopo Farms Complex Project in southwestern Botswana
Paul Johnson, chief executive officer of Power Metal Resources commented: "Our work at Molopo Farms is gathering pace with the parameters for the first two diamond core drillholes into Target 1-6 now confirmed"
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Power Metal Resources raises £800,000 in placing to help fund work on Molopo Farms Complex
It issued 57.14mln shares at 1.4p each, matching Friday’s closing share price
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Power Metal selects Mindea for Molopo Farms programme
The T1-6 electromagnetic conductor represents a high-priority target
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Power Metal Resources says preparations in hand for expedited drill programme at Molopo Farms
An electromagnetic survey confirmed one of the drill holes - K1-6 - had penetrated the edge of a newly identified magnetic conductor
Power Metal Resources reports significant results from EM survey at Molopo Farms Complex
"Today's exploration news is, in my view, potentially one of the more significant the company has released in its 3-year history as Power Metal,” said chief executive Paul Johnson
Power Metal starts Phase I field programme at Athabasca Basin uranium portfolio
Power Metal is conducting two other field-based exploration programmes: The Molopo Farms Complex Project and Tati Project in Botswana
Power Metal says geophysics surveys will allow it precision target drilling
The work is being carried out ahead of an exploration campaign on its Botswana nickel-platinum group element project in the autumn
Power Metal cheers First Class Metals’ London Stock Exchange debut
"In our view, First Class has a highly prospective project portfolio," said Paul Johnson.
Power Metal expects more portfolio 'crystallisation events'
“We would reinforce our commitment to growing a uranium focus in the company.”
Power Metal Resources is beginning to put all the right pieces in place for a winning bull market strategy
Power Metal has a diverse portfolio of assets in multiple commodities across a variety of jurisdictions
Power Metal's Nevada subsidiary moves closer to IPO
Golden Metals has started a 3D induced polarization survey over the Pilot Mountain project
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Power Metal Resources upbeat on initial findings from newly granted licence at Tati project
It has identified extensive gold workings and two large fines dumps at the Cherished Hope gold mine within the newly awarded licence
Power Metal Resources confirms new uranium exploration targets in Saskatchewan
“This is exciting for the team and it's important we get on-site as soon as practicable to further analyse the geology in the field."
Power Metal Resources sees Botswana projects advancing apace
The company had updates from programmes at the Kanye and Ditau projects
Power Metal JV acquires historic Berringa gold mine
NBGC is in discussions with the vendor regarding the possibility of processing ore at their nearby Ballarat gold mine
Power Metal Resources to target uranium acquisitions
“Where appropriate we are pursuing accelerated value crystallisation by preparing parts of our business for spin-out/disposals," chief executive Paul Johnson said
Power Metal subsidiary First Development Resources zeroes in on lithium at Selta
Power Metal has a diverse portfolio of exploration assets spread across several continents
Power Metal Resources says First Development Resources subsidiary raises £1.125mln in pre-IPO financing
The Australia-focussed exploration subsidiary plans to list in London in the third quarter
Power Metal considers next steps at Haneti
“With the information from the programme we can now undertake more advanced targeting"
Power Metal joint venture secures additional ground in Australia in conjunction with Red Rock Resources
Power Metal has a global portfolio of highly prospective exploration assets
Rare earths & specialist minerals
Power Metal hails rare-earth element prospectivity at FDR's Selta project
"It's too early to be definitive, though our findings on rare-earth element prospectivity have been encouraging, and today have moved forward considerably," said boss Paul Johnson
Power Metal Resources to up stake in KKME, become operator of Molopo Farms Complex project
It has agreed to increase its stake in Kalahari Key, which on completion will fully own the Molopo Farms Complex project in Botswana, to 87.71%
Power Metal tidies up First Development Resources ahead of planned London listing
Subsidiary First Development Resources will pay a consideration of AU$7,000 (£3,839) in cash to the vendors, who will also receive 300,000 new ordinary shares
Power Metal and Kavango Resources start test drilling for rare earth elements at Ditau Camp in Botswana
“We will now become the first explorers to test this area's potential for carbonatites, which are the world's primary source of rare earth elements,” said Kavango chief executive Ben Turney
Power Metal Resources encouraged by progress on Australia projects
FDR, which is 83% owned by Power Metal, is planning to list in London in the third quarter of 2022
Power Metal sees uranium potential in all properties in Athabasca
"All seven have demonstrated significant uranium prospectivity”
Power Metal Resources highlights opportunities in portfolio
"With entrepreneurial hard work, our team has positioned the business with the right combination of commodity, geographical and geological diversification," Paul Johnson said.
Power Metal Resources says results 'very encouraging' from inaugural drilling on Tati gold project
"We have in our view confirmed that the Tati project is a major target for gold discoveries,” said chief executive Paul Johnson
Power Metal identifies new uranium feature at Soaring Bay
Data at the property collated by Power Metal included 700m of anomalous readings
Power Metal Resources sees 'considerable uranium prospectivity' in 4 properties at Athabasca Basin
“All four properties show considerable uranium prospectivity which is notable,” said chief executive Paul Johnson
Power Metals identifies numerous potential targets at Selta
Four targets have been identified as containing possible uranium mineralisation and three for rare earth elements
Power Metal says Kavango Resources granted further option extension over Molopo Farms project
Molopo Farms is a nickel/copper/platinum group elements exploration project in southern Botswana
Power Metal Resources interests supported as United States Geological Survey updated critical minerals list
The influential US list is typically published every three years.
Power Metal welcomes award of Selta licences
“An in-depth review of the Project is now underway"
Power Metal Resources highlights ‘major progress’ in Nevada as Golden Metal IPO advances
"The focus of Golden Metal remains the preparations for listing in London," said chief executive Paul Johnson.
Power Metals granted licences at Selta rare earths and uranium project in Australia
Power Metals has a diverse portfolio of exploration assets spread across multiple jurisdictions
Investments and investor services
Power Metal Resources wraps up latest round of drilling at Haneti
Power Metal has a diverse portfolio of exploration assets located in multiple jurisdictions
Power Metals can release substantial value from spin-offs suggests research house
"In addition to the four 2022 IPOs, there could be potential for between 4 and 7 further spin-offs"
Power Metal Resources reviews options for Reitenbach uranium property, including potential sale
"Power Metal has seen considerable interest in the company's uranium properties surrounding the Athabasca Basin,” said chief executive Paul Johnson
Power Metal Resources and Katoro kick off diamond drilling at Haneti project
"This is a great day, one that has been years in the making," said chief executive Paul Johnson.
Power Metal Resources is advancing data-driven plans for 2022
"We have gathered as much data as possible in respect of the properties, and the information gleaned is, in our view, highly valuable," said Paul Johnson.
Power Metal Resources renews Molopo Farms licences
"The renewal of PL310/2016 and PL311/2016 represents an important milestone for the Project"
Investments and investor services
Power Metal says diamond drilling at Tanzania's Haneti Project set to start around January 20
Power Metal has an extensive portfolio of exploration assets
Power Metal says 2022 'will be an exciting year'
“We have chosen a non-conformist path for Power Metal in order to build a company, and investment proposition, quite unlike any other within the London junior resource space,” says CEO Paul Johnson
Power Metal keen on more uranium assets after encouraging start in Canada
“We remain of an acquisitive mindset with regard to uranium properties"
Power Metal Resources begins first drilling at O'Loughlin's prospect
Meanwhile a new exploration licence has been granted in Victoria
Power Metal Resources associate raises £750,000 ahead of London IPO
"With Golden Metal Resources we have created an attractive Nevada focused investment opportunity," Paul Johnson said.
Power Metal highlights other high grade metal indications at Silver Peak
"Overall, the results are highly impressive and demonstrate the incredibly silver-rich veins at Silver Peak"
Power Metal identifies multiple targets in Nevada
Power Metal is preparing for the listing of Golden Metal Resources in London.
Power Metal welcomes Kavango's interest in advancing the Molopo Farms Complex
"It has been clear for some time that the ownership structure of Kalahari Key needed to be streamlined and that we needed to ensure a heightened level of operational efficiency on the ground in Botswana," said Power Metal CEO, Paul Johnson
Power Metal Resources says work on test pits started on Alamo gold project in Arizona
Around 60 ounces of gold nuggets have already been found on the project area, by prospectors using metal detectors, with the largest nugget weighing in at 5 ounces
Power Metal completes Paterson region acquisition
The company was also granted five exploration licenses
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Power Metal’s FDR unit set to acquire Aussie uranium and rare earth venture
The subsidiary's portfolio is being finalised in advance of a planned spin-out and London IPO.
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Power Metal Resources* (LON:POW) 1.75p, Mkt Cap £23.5m – £1.05m raised Power Metal reports that it has raised £1.05 million at the closing market mid-price of 1.75p on the 12th November 2021. Each Placing Share will have an attaching warran
Power Metal Resources raises £1.05mln via placing to accelerate 'exploration activities and corporate opportunities'
Power Metal said its board members were unable to participate as they are involved in a number of initiatives and possess potentially price sensitive information
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Power Metal Resources unearths bonanza grades at Silver Peak project
“Our original decision to invest in the Silver Peak project has been fully validated by each stage of exploration work and the bonanza silver grades," Paul Johnson said
Power Metal expands size of uranium exploration portfolio at Canada's Athabasca Basin 54%
The total cost of the claim staking was C$28,141 (£16,700)
Power Metal’s partner raises £0.8mln to start diamond-drilling campaign
"Power Metal is eager to see drilling commence at the Haneti project, targeting a large scale nickel and platinum group element discovery”
Power Metal Resources advances uranium exploration in northern Saskatchewan
"Power Metal has embarked on a campaign to build significant uranium portfolio exposure for our investors,” said chief executive Paul Johnson.
Power Metal Resources relays progress report for Schreiber-Hemlo assets
Power Metals retains a 36% interest in First Class Metals following its September deal for Schreiber-Hemlo
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Power Metal Resources completes Pilot Mountain acquisition on behalf of Golden Metal
Power Metal Resources has a diverse portfolio of exploration assets, and is beginning to monetise some of them
Power Metal Resources and Kavango looks forward to next phase of work
"We believe the Ditau Project holds much potential," said Power Metal's Paul Johnson.
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Power Metal shares results from Garfield Property satellite imagery analysis
The study identified two strong anomalies, prospective for copper mineralisation
Power Metal awarded two licences in Paterson region
"With the grant of licences announced today, one of our most exciting projects takes a great leap forward"
Power Metal gives investors IPO registration address
“We are keen to open participation in IPOs to a wider investor base and this online registration is one way in which we can do this."
Power Metal adds more uranium acreage in Saskatchewan
"There is a major opportunity in uranium and now Power Metal and its shareholders have a seat at the table"
Power Metal Resources chairman Bell to step down; will focus on Red Rock Resources, London IPO of Australian JV
The discovery of gold at Ballarat in 1851 set off a gold rush in Victoria, Australia's smallest state
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 identifies large gold-in-soil anomaly at Tati in Botswana
Power Metal has a diverse portfolio of mining exploration assets in various jurisdictions
Power Metal very keen on Wallai project
"In our view there is increasing potential for a major metal discovery"
Power Metal Resources sells Schreiber-Hemlo interests to First Class Metals Ltd
First Class Metals is planning to list in London in 2021
Power Metal identifies bullseye anomaly at WA project
A Phase I work programme is currently being finalised
Power Metal to list Nevada subsidiary after deal with Thor Mining
"We plan to list our wholly-owned subsidiary Golden Metal as soon as possible in the London capital markets"
Power Metal completes Phase I drilling programme at Silver Peak, starts work at Tati project
It set up a new company - Silver Peak Resources Ltd – ahead of an anticipated public listing of the Silver Peak project or to enable a potential sale
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Power Metal Resources identifies substantial nickel and gold exploration targets at its Tati project in Botswana
The Tati Greenstone Belt was the site of southern Africa's first gold rush
Power Metal pleased to see progress continuing at Haneti project
The drilling programme and associated budget for Haneti will now be submitted for approval and subsequent implementation
Power Metal Resources upbeat on exploration drilling programme on Silver Peak project
The project includes the Eureka-Victoria silver mine, the first Crown-granted mineral property in British Columbia
Power Metal Resources completes first phase at Tati Greenstone Belt
The project was acquired last week from the group's Botswana-based subsidiary
Kavango and Power Metal joint venture Kanye Resources quadruples its exploration acreage
Kavango has a diverse portfolio of exploration assets in Botswana