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

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 […]

Finance Metals & Minerals News

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 […]

Metals & Minerals News

Power Metal finds new copper locations in Oman

Power Metal Resources plc’s exploration fieldwork has returned “very significant” copper results at its proposed 12.5% earn-in on Block 8 in the Hazm area, northwest Oman. AL MAIDAR The concession is held by Australian-listed Alara Resources Ltd and Awtad Copper LLC. A review of historical technical, geophysical and geological data has pinpointed an initial five target areas on […]

Company Moves Metals & Minerals News

Power Metal owns 43.2% of Guardian voting rights

Power Metal Resources plc reported holding 43.2% of voting rights in Nevada-focused Guardian Metal Resources plc. ASSETS A TR-1 standard form for notification of major holdings showed that the threshold was crossed on 9 January 2025. Power Metal now holds 53,998,159 voting rights having previously held none. Under its original name of Golden Metal, Guardian […]