Power Metal Resources plc chief executive officer Sean Wade has become a director of Apex Royalties Ltd, in which the explorer and project incubator last year invested £4 million. The new mining royalty firm holds a 1.5% net smelter royalty over the Tempiute mine and mill tungsten project as well as a 2% gross revenue retention over […]
Tag: Power Metal Resources plc
First Development defers gold surveys at Selta
First Development Resources plc has deferred, until January 2026, an aerial survey over the Lander West gold target at the Selta project in the Aileron Province of Northern Territory, Australia. GOLD TREND The company’s three exploration licences, in total covering almost 1,600 km², are also focused on uranium, rare earth elements and base metals with potential for […]
Power Metal reduces shares in FDR
Power Metal Resources plc has reduced its shareholding from 43.44% to 33% in its Australia spin-out First Development Resources plc. The sale on 31 October results in Power Metal holding 45,987,594 votes in FDR and, as at 6 November, Power Metal remained the largest single shareholder. FDR is exploring for base and precious metals, lithium […]
Guardian finds more high-grade zones at Garfield
Guardian Metal Resources plc has revealed more zones of “high-grade gold, silver and copper mineralisation” from surface sampling at its Garfield project in the Walker Lane mineral belt, Nevada, USA. COMPELLING The property contains two large, “deep-seated intrusive/magnetic bodies” at the High-Grade and Power Line zones, which extend for more than 800 metres. Results of […]
First Development raises £1m
First Development Resources plc has raised £1 million through an over-subscribed discounted placing of 33,333,333 new ordinary shares of one pence each in the company. TVRs The issue price of three pence per placing share is an 8% discount from the middle close market price of 3.25p as at the close of business on 24 […]
Fermi signs uranium exploration deal with First Nations
Power Metal Resources plc’s uranium joint venture has signed an exploration agreement with a group of First Nations for exploration in Northern Saskatchewan, Canada. COLLABORATION Fermi Exploration Ltd and Ya’thi Néné Lands and Resources (YNLR) have also agreed a “mutual commitment to fostering a sustainable and collaborative relationship in the Athabasca region”. Owned by three First Nations […]