The compulsory strike-off action has been discontinued against the Red Rock Resources and Power Metal Resources gold exploration joint venture in Australia. Companies House made the announcement today in respect of New Ballarat Gold Corporation.
Tag: Power Metal Resources plc
Strike-off notice for Red Rock-Power Metal JV
Red Rock Resources plc and Power Metal Resources plc’s joint venture exploring for gold in Australia has been given first Gazette strike-off notice by the Companies Registrar. Companies House today published the notice to New Ballarat Gold Corp which owns 17 licences over 1,867km2 and the historic Berringa gold mine in the Victoria gold fields. […]
Power Metal board directors buy total 5m shares
Power Metal Resources plc board directors have purchased a total 5 million ordinary shares of 0.1 pence each for 0.7 pence in the company for a total £35,000. Chief executive officer Sean Wade bought 3m ordinary shares and now holds 14,764,705 ordinary shares, representing 0.71% of the company. Non-executive directors Ed Shaw and Bill Brodie […]
Power Metal begins first North Wind lithium exploration
Power Metal Resources plc has begun the first exploration on the 57.89km2 North Wind lithium project in northeast Ontario, Canada. DATASET Centred on a granitic intrusion cut by mapped dykes, North Wind is considered prospective for pegmatite-hosted lithium mineralisation. Lake sedmiment sample results showed “highly anomalous” concentrations of lithium, caesium and tantalum suggesting a “nearby mineralised source”. Crews […]
Power Metal grants 77.5m share options
Power Metal Resources plc granted options over 77.5 million new ordinary shares of 0.1 pence each in the company to certain directors and staff. The options for new ordinary shares are at an exercise price of 1.50p with a life of five years from 1 August 2023, with a one-year vesting period. Certain board directors received a […]
Power Metal courts US investors with OTC listing
Power Metal Resources plc aims to attract American investors by applying for an OTC listing in the USA. EXPLORATION The company added it was accelerating exploration across its Athabasca uranium interests in Saskatchewan, Canada, and the Tati gold fields project in Botswana. In its company results, Power Metal reported an increase in audited shareholder equity from £10.2 […]