🚀 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
I have visited the Al Masane massive sulfide deposits in 1983 when they were in underground exploration. Small deposits but very interesting geology.
Exploration manager @ Mining experts Ltd | MSc, BSc Economic geology
1wAll the best 👍