Power Metal Resources

Update on Uranium Joint Venture We’re pleased to share an update on our proposed uranium-focused joint venture with UCAM Ltd, a newly formed special purpose vehicle affiliated to ACAM LP. Read the full announcement here: https://bit.ly/3TsVlIk We’ve successfully completed all legal due diligence, and the transaction documents are now in substantially final form. Certain administrative tasks related to the Investor's financing arrangements remain outstanding. Accordingly, we’ve extended the exclusivity period to 27 September 2024. #POW #uranium #exploration 🇬🇧 $POW 🇺🇸 $POWMF

⚡ Power Metal Resources expands its Power Arabia portfolio into Oman! 🇴🇲 We’re excited to announce the signing of a non-binding Heads of Terms with Alara Resources and Awtad Copper for a strategic investment in the Block 8 concession in Oman. Read the full announcement here: https://bit.ly/3Xn4a7H Through our majority-held subsidiary Power Arabia, we plan to invest up to $740,000 to earn a 12.5% stake in Block 8, a highly prospective area for copper exploration. This agreement marks a significant expansion of our footprint in the Arabian Shield, building on our commitment to exploring high-potential regions. #POW #Oman #exploration #copper #ArabianShield 🇬🇧 $POW 🇺🇸 $POWMF

🚀 Exciting announcement from Power Metal Resources in Saudi Arabia! 🇸🇦 We are thrilled to announce that we’ve signed a Letter of Intent (LOI) with Al Masane Al Kobra Mining Company (AMAK) to enter into a binding agreement for Power Metal to spend US$3,000,000 to earn a 49% stake in the Qatan exploration licence in Saudi Arabia. Read the full announcement here: https://bit.ly/3MG9aj0 The Agreement marks a major milestone in our expansion into the Arabian Shield. By combining AMAK’s local expertise with our technical team’s capabilities, we aim to unlock the full potential of this promising region. We’re eager to begin work at Qatan and believe this partnership will create significant value for both Power Metal and AMAK. A formal and legally binding agreement is expected to be executed by the Parties within 90 days of executing the LOI. #POW #AMAK #Exploration #SaudiArabia 🇬🇧 $POW 🇺🇸 $POWMF

The #POW spin-off and #IPO last year of #GMET perfectly demonstrates our business model and ability to crystallise value for shareholders. Our MCAP is now more than fully covered by the value of Power Metal Resources’ 45% holding in Guardian Metal Resources. And yet investors are also getting the rest of the broad portfolio, including our exciting portfolio in #SaudiArabia and #Oman, our significant #uranium portfolio, and all our other projects. 🇬🇧 $POW 🇺🇸 $POWMF

What is our "Project Incubator" model? Our #POW CEO Sean Wade describes our "Project Incubator" business model in this interview with the great team at Kitco NEWS while at shareholder Rick Rule's 2024 #RuleSymposium 🇬🇧 $POW 🇺🇸 $POWMF #ProjectIncubator

How are we applying our project incubator model to the Arabian Shield? #POW CEO Sean Wade gives a great overview in the below video of all the work we are doing in #SaudiArabia and #Oman, which we are calling the Arabian Shield. He discusses with the Kitco NEWS team at Rick Rule's 2024 #RuleSymposium how we are applying our #ProjectIncubator business model there to add value for all our stakeholders.👇 🇬🇧 $POW 🇺🇸 $POWMF

🌟 GSAe Progress Update! 🌟 Power Metal Resources PLC is delighted to provide an update on its 75% owned subsidiary, GSA Environmental Ltd (GSAe). Read the full announcement here: https://bit.ly/4fF1MS7 As a highly skilled engineering and technology provider, GSAe has over 25 years of global project experience in the remediation and reprocessing of industrial waste, enabling the economic extraction of critical and strategic metals from ‘secondary sources’ like power station ash, refinery residues, TiO2 waste, and spent catalysts. 🚀 Exciting Project Updates: ➡️ Saudi Arabia Collaboration: Working with a state-owned company on an initial study to process fly ash for the extraction of vanadium and nickel, which may lead to plant construction in the next 12 to 18 months. ➡️ UK & European Recycling Group: Produced a scoping study report for a 20,000 tpa dual-purpose processing plant in the UK, awaiting client confirmation to proceed to full plant design and installation. ➡️ Major UK TiO2 Producer: Awaiting scope of work to treat waste streams and reduce landfill needs. ➡️ Red Mud & Phosphogypsum Analysis: Completed initial analysis for a major Saudi mining company, with discussions ongoing for further research and development. ➡️ Industrial Catalyst Recycling: Engaging with two parties to provide solutions for extracting critical metals from petrochemical catalysts. ➡️ Grant Funding: Secured nearly $850,000 from the UK government to develop rare earth separation from TiO2 waste, with a scale-up project in progress. #POW CEO Sean Wade commented: “It is pleasing to see the exciting updates and workstreams across the GSAe portfolio. The essential work being undertaken by the team provides vital technology in the global drive towards a greener future, and progresses the potential for GSAe to add significant revenue contribution to the Power Metal portfolio. With excellent projects in the pipeline and an expected increase in contract awards, GSAe is at an exciting stage of its development. “I look forward to providing further updates from this array of projects.” The team at GSAe will be showcasing their expertise at the UK Metals Expo in Birmingham on the 11th and 12th of September. This event is an opportunity to connect with potential contacts and secure further contracts for both UK and global development and recycling projects. 🇬🇧 $POW 🇺🇸 $POWMF #GSAe #Innovation #Sustainability #CriticalMetals #GreenFuture

Fantastic catch up between our #POW CEO Sean Wade and important mining investor and major #POWMet shareholder Rick Rule. Thanks to the brilliant StockBox team for their, as ever, high quality interview work. Well worth 15mins of your time to listen to Rick's insights ahead of his #RuleSymposium (7-11 Jul 2024). Watch here 👉 https://lnkd.in/enzrhCds #POWMet #RuleSymposium

🇸🇦 Initial Exploration programme completed on Balthaga Lithium Project in Saudi Arabia Power Metal Resources PLC (🇬🇧 AIM:POW, 🇺🇸 OTCQB:POWMF) is pleased to announce that an initial field exploration programme on the Balthaga Lithium Project, Saudi Arabia (“Balthaga”) has been successfully completed. Read the full announcement here: https://bit.ly/3xMIFEA As per the agreement with RIWAQ Al-Mawarid for Mining (“RIWAQ”), the industrial and mining company based in Saudi Arabia and special purpose subsidiary of EV Metals Group plc (“EVM”), Power Metal has therefore successfully completed the earn-in of a 30% ownership interest in 15 tenements, 13 of which comprise the Balthaga Project area. The project area being targeted is prospective for lithium, a key commodity for RIWAQ and EVM’s larger strategy. The focus on the project area was, and continues to be, on lithium and any associated minerals including Rare Earth Elements (‘REE’). Sean Wade, CEO of Power Metal, commented: “Further to the comprehensive desktop review we conducted using all available historic data covering the Balthaga Project area, over 40 initial targets were identified as priority targets to visit. Eager to progress the exploration programme, we therefore decided to get a team in the field...” “...We are very pleased to have been able to start the field work to further the extensive desktop studies and are encouraged by the number of prospective target sites found and sampled from the initial programme. “We look forward to returning to the field after the summer heat to follow up on this work and explore new targets.” Next steps... The preparation stage is to occur at the Jeddah laboratory and the analysis is likely to occur at the ALS laboratory in Loughrea, Ireland. Results are expected in Q3 2024. Once results are received and a more detailed interpretation of all the newly acquired data is processed, Power Metal will be in a position to plan the next stage of exploration to advance the project. The two remaining licenses that are included in the earn in agreement will be the subject of work once they become fully granted which is hoped to occur in the coming weeks. #POW #POWMet #lithium #exploration #SaudiArabia

📈 Interim Results Power Metal Resources plc (AIM: 🇬🇧 $POW, OTCQB: 🇺🇸 $POWMF), the London-listed exploration company with a global project portfolio, announces its unaudited Interim Results for the six month period ended 31 March 2024. 📢 Read the full announcement here: https://bit.ly/4bpJrW2 Sean Wade, CEO of Power Metal commented: “Over the past six months, we have continued to make positive developments across our project portfolio, showcasing its value potential." "The numerous agreements signed, and discussions carried out with potential investors and joint venture partners, emphasise the strong position Power Metal is in as it develops its projects, which focus on key commodities in globally significant regions.” #POW #POWMet #exploration #InterimResults