LONDON: Power Metal Resources PLC (AIM:POW, OTCQB:POWMF) has announced its intent to partially divest its stake in Guardian Metal Resources PLC (GMET). The exploration company has reached an agreement with UCAM Ltd for the proposed transaction. UCAM Ltd is set to purchase 29,758,334 shares in GMET and warrants over 986,352 ordinary shares in GMET, valued…
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Power Metal Resources secures £2 million investment, eyes uranium joint venture
LONDON: Power Metal Resources PLC (AIM:POW) has announced a substantial investment agreement with ACAM LP. The deal involves a £2 million investment through a loan note arrangement, accompanied by warrants, marking a strategic step forward for Power Metal’s global uranium ambitions. The legally binding subscription agreement with ACAM LP includes the issuance of loan notes…
Power Metal Resources acquires 75% stake in GSAe
Power Metal Resources, a London-listed exploration company, has completed the acquisition of a 75% stake in GSAe, a technology provider specializing in the extraction of critical metals from secondary sources. The deal, initially announced on February 29, 2024, follows successful due diligence and the execution of the Share Purchase Agreement. GSAe, founded in 2003, is…
Katoro Gold appoints Sean Wade as Non-executive Chairman
LONDON, UK: Katoro Gold PLC (AIM:KAT), a strategic and precious minerals exploration and development company, announced the proposed appointment of Sean Wade as Non-executive Chairman of the Company, subject to due diligence. Mr Wade is the Chief Executive Officer of Power Metal Resources PLC (AIM:POW), Katoro’s joint venture partner at the Haneti Project in Tanzania,…
Power Metal Resources acquires 100% of FDR Australia
LONDON, UK: Power Metal Resources has signed a revised agreement for the 100% acquisition of First Development Resources Pty Ltd (FDR Australia). This Agreement is unconditional and binding. Paul Johnson Chief Executive Officer of Power Metal Resources plc commented: “Today marks an important day for Power Metal as we have completed an unconditional agreement to…
Power Metal Resources sells Schreiber-Hemlo Interests
LONDON, UK: Power Metal Resources announced the sale of its Schreiber-Hemlo project interests in Ontario, Canada to First Class Metals Ltd. HIGHLIGHTS · Sale of Power Metal’s Schreiber-Hemlo project interests to First Class for £1 million consideration payable through the issue of 333,334 new ordinary shares of £1 each in First Class Metals Ltd (“First…
Power Metal Resources agrees to acquire two exploration blocks in Nevada USA
LONDON, UK: Power Metal Resources PLC executed an agreement to acquire two exploration properties in Nevada USA. The projects include the Garfield Gold-Copper Project and the Stonewall Gold Project, acquired outright from London quoted Sunrise Resources plc (LON:SRES). The Properties will be acquired by a Nevada limited liability new company which will be the wholly…