Hartshead Resources NL shares have been sold and transferred to ACAM GP Ltd as from 23 June 2026. PORTFOLIO The Australian company’s portfolio includes ownership and operatorship of licence P2670, containing five blocks, in the UK Southern Gas Basin. In May 2023, Hartshead farmed out 60% of the licence to Viaro Energy subsidiary, RockRose Energy […]
Tag: ACAM LP
Power Metal signs SPA for 29.7m Guardian shares
Power Metal Resources plc’s uranium portfolio partner has become the largest shareholder in spin-out Guardian Metal Resources plc following a legally binding sale and purchase agreement. INVESTOR Announced earlier this month, UCAM Ltd has bought from Power Metal 29,758,334 shares in tungsten-focused Guardian along with warrants over 986,352 ordinary shares for £9,225,083.91 before costs. UCAM now holds 23.45% […]
Power Metal to sell 30m Guardian shares
Power Metal Resources plc plans to sell 29,758,334 of its shares and warrants over 986,352 ordinary shares of £0.01 each in Guardian Metal Resources plc to its uranium joint venture partner for £9,225,083.91. INCUBATOR The agreement is in principle with UCAM Ltd, which needs to complete a fundraise, and subject to administrative processes and a legally binding […]
Power Metal completes uranium JV
Power Metal Resources plc has completed the formation of a uranium-focused joint venture involving all its uranium licences, with UCAM Ltd. MODEL The company’s Saskatchewan portfolio includes Perch River; Tait Hill; Cook Lake; Reitenbach; Thibault Lake; Clearwater; Soaring Bay; E12; and the most recently acquired Drake Lake – Silas in Newfoundland and Labrador. Airborne electromagnetic surveys are pending for […]
Power Metal extends uranium JV due diligence
Power Metal Resources plc has extended the due diligence period for the creation of a uranium-focused joint venture in Canada. PROGRESS The June agreement for the company’s entire Saskatchewan portfolio with ACAM LP includes a £2m subscription and a £10m non-binding term sheet. Power Metal holds 16 properties over a combined 92,407ha (924.07km2), surrounding and within […]
Power Metal plans Canada uranium JV
Power Metal Resources plc has signed a binding £2 million subscription as loan notes with a possible further £10m initial investment for a proposed Canada uranium joint venture. DISCUSSIONS Through its local subsidiary, the company holds 16 properties over a combined 92,407ha (924.07km2), surrounding and within the Athabasca Basin in northern Saskatchewan. The investment follows Power […]