Tamesis Partners LLP

Mayur Resources (ASX:MRL) is pleased to announce that ACAM LP and other investors (collectively, Investors) have entered into definitive transaction documents with the Company to subscribe for US$10M of Convertible Notes. Pursuant to the Notes Documentation, there is a framework subject to conditions precedent, the Investors will provide an additional US$40M of equity funding to Mayur and its Central Lime Project (CLP) in Papua New Guinea. The commitment from the Investors underlines the potential of the Central Lime Project, which is underpinned by a long-life, high-quality resource that is centrally located on the doorstep of fast-growing and supply constrained Asia-Pacific markets. The US$10 million Notes financing will provide funding for CLP construction activities, retirement of existing debt and working capital. The remaining conditional investment commitment of US$40 million will be used to progress the CLP to full scale commercial production, which is scheduled to commence 18 months from Final Investment Decision. Lime is a fundamental ingredient across a huge range of industries, with limited viable substitutes, and plays a critical role in the conversion of critical minerals and metals to clean energy and battery-ready materials. Lime also plays a significant role in protecting the planet from the harmful effects of acidification and maintaining the productivity of many of our agricultural lands. This strategic investment supports PNG’s goal of reducing its reliance on lime imports and positions the country as a potential hub for industrial materials in the Asia-Pacific region. Richard Pegum, Chairman of Mayur Resources said: "We welcome the commitment of the Investors and look forward to progressing to unconditional funding of the Central Lime Project. The US$10 million Convertible Note will see the retirement of third-party debt and provide the necessary runway for our corporate and construction program, while we work towards considering a Final Investment Decision (FID) on the Central Lime Project.”   https://bit.ly/3Y8gzN9

⚡⚡ Power Metal Resources: Successful Completion of Formation of Uranium Joint Venture! ⚡⚡ We are excited to announce the completion of the formation of our uranium-focused joint venture with UCAM Ltd. Sean Wade, CEO of Power Metal Resources, commented: “I am delighted to announce the successful completion of this flagship transaction for Power Metal. We are extremely excited about working with UCAM to deliver high-quality uranium discoveries and I am confident that this Joint Venture will be a huge value driver for our shareholders..." Read the full announcement here: https://bit.ly/3XVl65B Key Highlights: ♦️ Joint Venture Completion: UCAM Ltd will make an initial £10 million equity investment for a 70% interest in our Canadian subsidiary, 1501158 BC Ltd. Power Metal may receive an additional £4 million subject to UCAM’s return threshold. ♦️ New Asset Integration: The recently acquired Drake Lake-Silas uranium project has been vended into the joint venture, bolstering its asset base for further exploration and value generation. ♦️ Advancing Exploration: Significant work has already begun this field season across key projects such as Perch River, Tait Hill, Cook Lake, and more. Exploration methods include radon, soil, and biogeochemical sampling, with airborne electromagnetic surveys planned for October. ♦️ Path Forward: UCAM’s investment gives shareholders exposure to at least five high-impact drilling programmes and significant advancements on multiple projects. This joint venture is a testament to our business model and sets the stage for driving significant value from our uranium portfolio. #POW #uranium #JointVenture #exploration #UCAM 🇬🇧 $POW 🇺🇸 $POWMF OTC Markets Group

🔥 Strategic Financing and Proposed Formation of Uranium-Focused Joint Venture Read the full announcement here: https://bit.ly/45a2sKn 🤝 Power Metal Resources plc (🇬🇧 AIM:POW, 🇺🇸 OTCQB:POWMF), the London-listed exploration company with a global project portfolio, is pleased to announce that it has entered into a legally binding subscription agreement with ACAM LP pursuant to which it will invest £2 million in Power Metal by way of a loan note, with attaching warrants. Furthermore, the Company has entered into an eight-week exclusivity period and a non-binding term sheet with ACAM with the intention of forming a uranium-focused joint venture involving Power Metal’s entire portfolio of uranium licences. 💡 Highlights: ♦️ ACAM has entered into a legally binding Subscription agreement to purchase Notes with attaching Warrants for £2 million. The Notes have a term of five years, bearing interest at 10% per annum, payable at the option of the Company in cash or through the issuance of new ordinary shares in the Company. The 13,333,333 Warrants are exercisable for five years at a price of 15 pence per Share. ♦️ ACAM is a natural resource focused Limited Partnership advised by S and F Investment Advisors Limited. ♦️ Non-Binding term sheet signed with ACAM, pursuant to which the parties intend to enter into a Uranium-focused joint venture involving Power Metal’s entire portfolio of uranium licences. ♦️ Pursuant to the proposed Joint Venture, it is currently intended that ACAM, or an affiliate, will make an initial equity investment of £10 million into the Company’s wholly owned Canadian subsidiary company, Power Metal Resources Canada Inc (“PMC”), for a majority interest in PMC of 70%. The Company will potentially receive an additional cash payment of up to £4 million, conditional upon a sale transaction completing or other value realisation by the Investor, subject to the Investor achieving a minimum return threshold on its investment. ♦️ If completed, the proposed Joint Venture is expected to provide Power Metal shareholders with exposure to at least five significant, high impact drilling programmes with an experienced financial partner, with significant advancement on several more. ACAM and its affiliates have investments in mining and exploration projects globally including the Gardaq joint venture with TSX and AIM listed Amaroq Minerals in Greenland. 📢 Sean Wade, Chief Executive Officer of Power Metal Resources, commented: “We announced on 25th March 2024 that we were looking at various options to maximise value from our uranium portfolio and whilst these discussions are still taking place, I am pleased to announce that we are making progress to finalise a transaction that we are confident will crystallise significant value for our shareholders...” #uranium #POW #POWMet #exploration