Power Metal to acquire Uranium & Rare-Earth Element Project in Australia

LONDON, UK: Power Metal Resources plc (LON:POW) has signed an agreement for the 100% acquisition of the Selta Project, located in the Northern Territory, Australia. The acquisition will be undertaken by Power Metal subsidiary, First Development Resources Limited (FDR), in an all FDR share transaction to acquire a 100% interest in URE Metals Pty Limited (“URE”), a…