Power Metal Resources reports promising uranium data at target site
14th Feb 2025 11:55
(Alliance News) - Power Metal Resources PLC shares climbed on Friday as it reported a significant uranium target site in Canada. Read More
(Alliance News) - Power Metal Resources PLC shares climbed on Friday as it reported a significant uranium target site in Canada. Read More
(Alliance News) - Power Metal Resources PLC on Tuesday said it intends to sell part of its stake in Guardian Metal Resources PLC for a total of GBP9.2 million before costs. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Power Metal Resources PLC - metals exploration company with projects in North America, Africa, Saudi Arabia and Australia - Subsidiary Power Arabia Ltd finalises agreement with Alara Resources Ltd and Awtad Copper LLC to acquire a 13% stake in the Block 8 concession in Oman for USD740,000 and expects field work to begin "imminently". Chief Executive Officer Sean Wade says: "I am delighted to be able to announce that another landmark deal in our growing Power Arabia business has been signed. We already have a team on the ground undertaking final logistical preparations. Moreover, we are continuing to build a local geological team to support this initial work, and for the rest of our expected project development in Oman." Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Power Metal Resources PLC - metals exploration company with projects in North America, Africa, Saudi Arabia and Australia - Makes "significant progress" with uranium joint venture with ACAM LP, a natural resources investor. Back in June, Power Metal said that it had entered a non-binding term sheet for ACAM to invest GBP2 million into Power Metal by way of a loan note and that the parties had entered an eight-week exclusivity period. On Friday, Power Metal says the pair have agreed to extend the due diligence period for the proposed JV to August 23, with some legal processes still outstanding. Power Metal says it expects completion within this period. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Power Metal Resources PLC on Wednesday said that it has disposed its remaining interest in New Ballarat Gold Corporation PLC, the Australia-based exploration company that owns Red Rock Australasia Pty Ltd. Read More
Red Rock Resources PLC - resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - Says all conditions relating to purchase of remaining 49.9% stake of Red Rock Australasia Pty Ltd from Power Metal Resources PLC have been fulfilled. Expects deal to complete by June 16. Red Rock will deliver to Power Metal Resources GBP250,000 in convertible loan notes, with a conversion price equal to the price of any placement of new shares of Red Rock raising proceeds of over GBP200,000. Should conversion not be undertaken within six months from March 8, the CLNs of GBP250,000 are repayable immediately as cash and Red Rock will deliver 166.7 million shares to Power Metal, with accompanying warrants exercisable at 0.25p per share in Red Rock. Read More
Red Rock Resources PLC - resources development company focused on gold, base metals, battery metals, and hydrocarbons projects in Africa and Australia - Agrees short extension of the long stop date relating to taking 100% ownership of Red Rock Australasia Pty Ltd from Power Metal Resources PLC to Tuesday. This reflects Monday's public holiday in Australia. Explains an announcement relating to the transaction will therefore not be issued before Wednesday. Power Metal Resources acknowledges the statement. Further, Red Rock discloses "exceptional" gold drill results from Australia. In addition, says preparation of operating sites continues at Bilbale and Boulon in Burkina Faso. Due to increase in air freight charges, decides to to transport containers by sea. Target times for arrival are early July. Chief Executive Andrew Bell comments: "Progress towards continuous operations in Burkina Faso continues satisfactorily. The scale of the logistics operation is considerable, and involves overcoming regulatory challenges at the points of both export and import." Bell describes results in Australia as "astonishing." Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Power Metal Resources PLC on Monday said it completed the acquisition of 75% of GSA (Environmental) Ltd shares, as previously announced in late February. Read More
(Alliance News) - Power Metal Resources PLC on Tuesday announced the successful completion of a drilling campaign in Botswana. Read More
(Alliance News) - Power Metal Resources PLC on Wednesday said that its shares have been admitted to, and begun trading on, the OTCQB Venture Market in the US. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Power Metal Resources PLC on Tuesday announced a proposed share consolidation has been approved by shareholders. Read More
(Alliance News) - Power Metal Resources PLC on Monday updated on the planned initial public offering of a number of its uranium interests using Uranium Energy Exploration PLC as a vehicle to achieve an admission to AIM. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More