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Power Metal (POW) Share News

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IN BRIEF: Power Metal Resources sells Reitenbach to Teathers Financial

8th Aug 2022 11:54

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Agrees to sell its 100%-owned Reitenbach uranium property, in the Athabasca Basin in northern Saskatchewan, Canada, to Teathers Financial PLC for GBP360,000 in new shares and GBP10,000 cash. Power Metal will receive 98.7 million shares at 0.35 pence each. Firm notes its subsidiary Power Sask will retain 2% a net smelter return royalty for the project. Says the subsidiary still holds 9 uranium properties after Reitenbach sale. Read More

TRADING UPDATES: 4D Pharma warns of wind-up; Star Phoenix files claim

5th Aug 2022 14:58

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and Wednesday and not separately reported by Alliance News: Read More

IN BRIEF: Power Metal and Red Rock assess historical Ajax mines

1st Aug 2022 15:42

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - and Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Joint venture New Ballarat Gold Corp completes assessment of licence in Victoria Goldfields containing the historic Ajax mines, which confirms initial historical target of 254,318 tonnes to 1.42 million tonnes at a grade range of 6.4 grams per tonne to 18.7 g/t. Read More

TRADING UPDATES: No Playtech Caliplay SPAC deal; SigmaRoc sales up

29th Jul 2022 21:20

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

Power Metal watches with interest as investee First Class floats

29th Jul 2022 20:40

(Alliance News) - First Class Metals PLC shares inched higher on its stock market debut in London on Friday. Read More

TRADING UPDATES: Skillcast expects revenue rise; Cap-XX solves dispute

27th Jul 2022 20:32

(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

IN BRIEF: Power Metal buys three new uranium properties in Canada

26th Jul 2022 15:03

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Buys three uranium properties covering 271 square kilometres surrounding the Athabasca Basin in northern Saskatchewan, Canada, for a total of CAD137,500, equivalent of GBP88,872. Says the acquisition brings the total of the company's uranium interests to ten properties, encompassing 721 square kilometres. Read More

IN BRIEF: Power Metal Resources notes recent report on supply chains

22nd Jul 2022 13:32

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Notes a recently published strategy report concerning minerals supply chains by the UK Department for Business, Energy & Industrial Strategy. Says the department will aim to support UK companies to participate overseas in diversified and responsible supply chains. Read More

IN BRIEF: Power Metal hails initial findings at Cherished Hope mine

18th Jul 2022 15:01

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Completes a site visit to the Cherished Hope gold mine in Botswana. It is located on its newly acquired PL049/2022 license. Says ground mapping has shown the historical gold workings are "significantly" more extensive than previously assumed. Estimates that at least 10 individual workings are comprising a combination of vertical shafts and trial pits that are extending over approximately 175 meters of strike length. Plans for an early and low-cost reverse circulation drilling programme. Says it will be aimed at testing the along-strike and down-dip extent of the Cherished Hope mineralised quartz reef structures. Read More

IN BRIEF: Power Metal enters second year of lithium project earn-in

12th Jul 2022 14:29

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Notifies the owner of the Authier North and Duval East lithium properties that it will continue into year two of the earn-in agreement. Power Metal explains the decision was based on the continued success of neighbouring Sayona Mining Ltd at the Authier project and strong lithium price fundamentals. By continuing into the year year, the company will make a cash payment of CAD25,000 - around GBP16,169 - and a share-based payment of CAD50,000. Read More

Kavango Resources shares down as it regains ownership of Kanye JV

8th Jul 2022 12:37

(Alliance News) - Kavango Resources PLC on Friday said it regained full ownership of two projects in Botswana and reported the completion of diamond drill programme at its Ditau Camp project. Read More

IN BRIEF: Power Metal and Red Rock buy Australian Berringa gold mine

6th Jul 2022 14:46

Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - and Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Acquires licence for the Berringa gold mine in Victoria, Australia via their subsidiary of their subsidiary Red Rock Australasia Pty Ltd. Read More

TRADING UPDATES: Anglo-Eastern Plantations sees palm oil prices rise

27th Jun 2022 21:51

(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

IN BRIEF: Power Metal Resources on hunt for Togo exploration prospects

22nd Jun 2022 21:23

Power Metal Resources PLC - metals exploration company focused in North America, Africa and Australia - Signs agreement with consulting geologist David Knopf to explore uranium prospects in Togo, West Africa. Read More

IN BRIEF: Red Rock notes potential for Mt Bute gold mineralisation

13th Jun 2022 18:06

Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Drilling results from hole MB22D001 at the Mt Bute prospect in Victoria, Australia, returning highly anomalous molybdenum and bismuth results, suggesting the possibility of intrusive gold mineralisation within the Victoria goldfields. Read More

TRADING UPDATES: Indivior, Diurnal start trials; Alien Metals tests

1st Jun 2022 19:41

(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

TRADING UPDATES: Cloudbreak signs royalty agreement; TomCo drills

31st May 2022 20:01

(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

IN BRIEF: Power Metal-Red Rock joint venture secures Australia licence

24th May 2022 20:18

Power Metal Resources PLC - metals exploration company focused in North America, Africa and Australia - Says joint-venture subsidiary New Ballarat Gold Corp, which is focused in the Victorian Goldfields of Australia, have been awarded three further exploration licences. These are EL007330, EL007294 and EL007507, bringing NBGC's combined footprint in the Victoria Goldfields to 1,832 kilometres. Licence also covers Ajax mine which historically produced 312,789 ounces of gold at an average grade of 14.8 grams per tonne in the 1920s. NBGC is a joint-venture held between Power Metal - at 49.9% - and its partner, London-listed Red Rock Resources PLC. Read More

Power Metal Resources identifies rare element at Selta Project

20th May 2022 18:03

(Alliance News) - Power Metal Resources PLC on Friday said its subsidiary First Development Resources has "identified compositionally similar granites over both the Nolan's Bore deposit and the Selta project." Read More

IN BRIEF: Power Metal hails elevated magnetic susceptibility results

18th May 2022 21:41

Power Metal Resources PLC - metals exploration company focused in North America, Africa and Australia - Records "highly elevated" magnetic susceptibility readings at the DITDD004 hole, drilled into the i10 target at the Ditau Camp project in southwest Botswana. Registers the results between 293 meters and 321 meters, a combined 28 meters of core length. Says that DITDD004 appears to have intercepted the magnetic anomaly within the drillhole from 293 meters to 321 meters downhole depth. Read More

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