Power Metal Resources plc confirmed “favourable” geological conditions for uranium mineralisation but “no elevated radioactivity” at Badger Lake in the Athabasca Basin area, northern Saskatchewan, Canada. EXPLORATION A now completed diamond drilling programme of four holes for a total of 1,922 metres aimed to test “fault structures and analogies of major deposits”. Drilling intersected “highly encouraging […]
Tag: Power Metal Resources plc
Power Metal increases treasury shares
Power Metal Resources plc has increased its treasury with the purchase of a total of 700,000 of its own shares of two pence each, over three days. PURCHASES The purchase on 25 March was of 250,000 ordinary shares at a price of 13.846p each, on 24 March 100,000 ordinary shares at 13.35p each, and on 23 March […]
Power Metal expands into Chile
Power Metal Resources plc has invested US$1 million (£700,000) for 2.6% in Next Minerals S.A., which is developing the Comahue underground copper mine in Antofagasta, Chile. PRODUCTION Power Metal made the investment through a subscription for 65,142 ordinary shares and 65,142 warrants, valid for three years, in Next. The company said that project has a […]
Guardian begins trading on NYSE
Guardian Metal Resources plc said it marked the start of trading today on the New York Stock Exchange by ringing the NYSE closing bell at 4pm Eastern Time (8pm GMT). POWER METAL The company continues to trade on the London Stock Exchange. Guardian’s main project is exploration and development of the tungsten deposit at Pilot Mountain […]
Power Metal increases treasury shares to 1.9m
Power Metal Resources plc bought 51,300 of its own ordinary shares of two pence each at a price of 15.2p per ordinary share. TVRs The 21 January purchase was followed by that on 26 January 2026 of 250,000 ordinary shares. All the acquired shares will be held in treasury, which now has 1,994,161 shares. Following the acquisitions, […]
Power Metal expands interests in Saudi Arabia
Power Metal Resources plc has invested US$1.5 million (£1.2m) for an initial 4.6% shareholding in Greyridge Exploration Corp, focused on copper and gold deposits in Saudi Arabia. PROJECTS The $1.5m investment is part of an up to £10m financing with “leading global investors”. Power Metal also signed a memorandum of understanding with the Canadian company for its […]