Metals & Minerals News

Fermi acquires Fortin River uranium project

Power Metal Resources plc’s uranium joint venture, Fermi Exploration, has acquired the Fortin River project in northern Saskatchewan, Canada. MOMENTUM The company said that preliminary geophysical data indicated the potential presence on the 3,859 hectares (38.59 km2) site of a 1.7 km wide meteor impact crater. Power Metal noted that such targets were known for unconformity-related uranium mineralisation elsewhere […]

Metals & Minerals News

Katoro increases Pearl lithium claims

Katoro Gold plc has increased the footprint from 880 hectares to 1,475 hectares of the Pearl lithium project held by its recent proposed acquisition, 31 Explore Ltd. COLLABORATION A total 72 claims, added to the original 43, are contiguous to the Ontario project, expanding westwards to encompass recently interpreted geological features prospective for mineralisation. Chief […]

Metals & Minerals News

Power Metal JV notes uranium target at Tait Hill

Power Metal Resources plc’s uranium joint venture, Fermi Exploration, has identified a “significant intrusion-related’ target at the Tait Hill property just outside the Athabasca Basin in Saskatchewan, Canada. PROMISING Results from sampling by the JV with UCAM Ltd confirmed a “well defined” 1km by 500m target, the ‘Antler Zone’, initially identified from historical survey data. […]

Company Moves Finance Metals & Minerals News

31 Explore acquired by Katoro Gold

Darlington-based ‘mineral exploration project generator’ 31 Explore Ltd has been acquired by Tanzania-focused Katoro Gold plc for 750 million warrants, under a heads of terms agreement. POWER METAL Katoro’s non-executive chairman Sean Wade, who is also chief executive of Power Metal Resources plc which holds 35% of Katoro, beneficially owns 14.29% of 31 Explore. Incorporated […]