Power Metal Resources plc has bought 76,310 of it own ordinary shares, of two pence each, to hold in treasury. PURCHASES The 14 January transaction was at a price of 15.0246p for each ordinary share, Following the purchase, the company holds 626,091 shares in treasury. Power Metal’s ordinary shares in issue total 114,984,346, each with voting rights. Creation of […]
Tag: Power Metal Resource plc
Red Rock receives El Limon proceeds
Red Rock Resources plc said it had received the proceeds from selling its gold royalty over the El Limon mine and mill in Colombia. GOLD The company will use the money to pay Power Metal Resources plc for its 49% share of their Australia gold joint venture. Red Rock also hopes to sell its Ivory […]
Power Metal survey defines anomalies at Block 8
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 […]
Power Metal reduces voting rights in FCM
Power Metal Resources plc has reduced its voting rights in its spin-out company First Class Metals plc. A TR-1 notification shows that the decrease from 19.5 to 9.9%, equal to 19,033,802 voting rights, took place on 3 March 2025. FCM holds gold, nickel, copper and lithium assets in Northern Ontario, Canada.
Power Metal signs LoI for Qatan earn-in
Power Metal Resources plc has signed a letter of intent for a binding agreement to earn a 49% stake in the Qatan exploration licence in southern Saudi Arabia. HABDAH The deal with Al Masane Al Kobra Mining Company will see Power Metal spend US$3 million on designing, conducting and funding all exploration and resource work. The company […]
Red Rock receives offer for Australia gold assets
Red Rock Resources plc said it had received an offer “in respect of its interest” in Red Rock Resources Australasia Ltd (RRAL) with licences in Victoria, containing the Berringa mine, and South Australia. DELAYS No further details were given in the announcement on 23 August. The company and partner Power Metal Resources plc owned 50.1% […]