Power Metal Resources plc has defined five named anomalies from gravimetry geophysical survey results and fieldwork over the Al Mansur prospect at Block 8 in the Hazm area, northwest Oman. TARGETS The company’s subsidiary Power Arabia is undertaking exploration work as part of an earn-in agreement for a 12.5% stake in the project held by Alara […]
Tag: Power Arabia Ltd
Power Metal new spin-out targets Arabian Gulf
Power Metal Resources plc has established its seventh spin-out, Power Arabia Ltd, which will focus on the Arabian Gulf. DISCUSSIONS The subsidiary is expected to undergo pre-IPO financing to fund activities and listing on the London Stock Exchange. Power Arabia will also cover any projects outside the region in joint ventures with “entities domiciled within the […]