Power Metal Resource says Haneti option deadline extended until end August
Power Metal has a 25% stake in Haneti but can increase this to 35% through the payment of a further £25,000 to partner Katoro Gold
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 Resources strengthened following year of change and achievement
“The pace of growth in our business has been rapid," said chief executive Paul Johnson
Power Metal Resources and Red Rock joint venture company lodges new applications for Australian exploration licences
Red Rock and Power Metal Resources both have considerable experience in mining exploration
Investments and investor services
Power Metal gets option extension at Haneti after third party approaches
The original deadline date was May 15, but this has been moved to May 31
Power Metal Resources says pitting programmes at Kisinka project complete
More than 200 samples were collected from the programme
Power Metal Resources rated at ‘buy’ as First Equity points to advancement of Australian gold projects
The broker said the company's joint venture with Red Rock Resources provided investors with “a broader exposure beyond African focused battery metal targeted commodities”
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Power Metal Resources and Red Rock Resources team up for Australian gold exploration venture
“This strategic move into Australian gold exploration is an important step," Power's chief executive, Paul Johnson said
Power Metal Resources highlights expanded ground position at Alamo gold project
Power Metal Resources has an extensive portfolio of exploration properties
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Morning View - Base metals gain as markets look forward
Power Metal Resources* (AIM:POW) 0.33p, Mkt Cap £1.6m – Update on nickel exploration projects in Botswana POW owns 5.6% in Katoro Gold and holds a 25% interest in Katoro’s Haneti polymetallic project in Tanzania
Power Metal Resources says four targets have been earmarked for drilling at Molopo Farms
Power Metal Resources has an extensive portfolio of exploration projects
Power Metal Resources soars on plans to acquire controlling interest in Ditau rare earths project
The company will become operator of the project once the acquisition completes
Power Metal Resources given fillip by Katoro Gold project sale
Katoro has struck a deal to offload Imweru for staged payments totalling US$1mln plus a future smelter royalty
Investments and investor services
Paul Johnson says Power Metal Resources’ financial position is secure and portfolio opportunities remind him of early-stage Metal Tiger
Power Metal Resources has a diverse portfolio of assets across sub-Saharan Africa
Investments and investor services
Power Metal Resources notes new fundraising from Katoro Gold at 1.25p
Power Metal Resources has a significant portfolio of assets across Africa
Power Metal Resources says field operations remain unaffected by coronavirus, supported by £725,000 cash balance
Power Metal has extensive interests in projects in Africa and the USA
Power Metal Resources says it has “advantageous financial position”, eyes opportunities
“It is imperative that public companies such as POW keep shareholders informed and maintain confidence in the potential of our company,” CEO Paul Johnson said
Investments and investor services
Power Metal’s boss buys more shares in the company
Paul Johnson now owns 27.1mln shares, representing 4.9% of the firm
Investments and investor services
Power Metal Resources rises as Katoro Gold updates on Blyvoor joint venture
Katoro, in which Power Metal holds a 5.57% stake, said “good progress” had been made regarding the potential sale of its Imweru and Lubando gold projects
Power Metal to increase exploration at Kisinka in the DRC
Minex Consulting will carry out a programme of pitting, sampling, and mapping
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Power Metal Resources says Botswana nickel project "perfectly poised"
The annual Mining Indaba conference in Cape Town this week has provided the stage to update on the progress at the Molopo Farms Complex Project
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Power Metal Resources confirms the presence of gold nuggets in the ground at Alamo
Power Metal Resources has now extended the due diligence period at Alamo
Investments and investor services
As Katoro shares soar, Power Metal Resources highlights its significant exposure to the upside
Power Metal Resources is run by serial mining entrepreneur Paul Johnson
Investments and investor services
Power Metal Resources associate Katoro inks South Africa gold deal
It is described as an exciting investment opportunity for Katoro
Power Metal to take up 40% earn-in of Botswana nickel sulphide project
“It is rare for investors in the junior resource space to have exposure to near term drill campaigns that could have the potential to yield a large-scale nickel sulphide discovery and we believe that the MFC project is one such opportunity”
Power Metal Resources raises £700,000 through share placing and subscription to provide “considerable cash runway”
The company said it will issue 175,000,000 new ordinary shares at a price of 0.40p each. Power Metal shares held steady at 0.38p each
Power Metal Resources expands portfolio with Alamo project in Arizona
“The project has a rich story and one in which we are excited to have the opportunity to play a part," said Paul Johnson.
Power Metal says targets for drilling selected at nickel project in Botswana
“Nickel stocks at the LME continue to fall dramatically, and we believe that the price of nickel will appreciate accordingly."
Investments and investor services
Power Metal targets Tanzanian nickel
The exploration group expects Haneti's resources will include nickel, platinum, gold, copper, lithium and rare earth elements
Power Metal Resources confirms nickel sulphide targets at the Molopo Farms project in Botswana
Power Metal Resources has been revitalised with new cash, new projects and new management
Power Metal Resources highlights large nickel target in Botswana and Tanzania projects
The explorer said work done at the Molopo Farms project in Botswana and the Haneti project in Tanzania had identified targets for nickel sulphide
Power Metal Resources announces positive outcome of geophysics programme at Molopo Farms
"A full technical report is being finalised and we look forward to receipt of that document whereupon we can provide much more information to shareholders," said Power Metal's Paul Johnson
Power Metal Resources promotes Johnson to CEO role
“I intend to make a long-term commitment to building Power Metal Resources into one of the strongest exploration and development companies in London.
Power Metal’s cobalt-nickel project in Cameroon 'shares similarities with huge nearby deposit'
“This is highly significant, demonstrating the potential for a new cobalt district within which our project is positioned”
Power Metal Resources notes completion of ground geophysics at Molopo Farms Complex
The results of the programme will now be used to plan drilling at the project to test key targets
Power Metal Resources notes completion of ground geophysics at Molopo Farms Complex
The results of the programme will now be used to plan drilling at the project to test key targets
Power Metal Resources has new cash, new management, and a new appetite for deal making in Africa
Reinvigorated with new management and new assets, Power Metal Resources is set for plenty of newsflow in the months ahead
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Power Metal Resources takes option over cobalt licence in DRC
Soil sampling has shown anomalous cobalt at 500-750 parts per million and mineralisation on trend from nearby occurrences of R2 rocks.
Power Metal Resources delighted with progress at Molopo Farms in Botswana
Geophysics data will be used to identify targets for future drilling