First Class Metals plc has reappointed chief executive officer Marc J. Sale as an executive director, with immediate effect. VISION Chairman James Knowles said that the board appointment ensured “full alignment at a pivotal stage” in the Ontario-focused company’s development. “With Marc’s proven vision, technical expertise, and deep understanding of our portfolio, the company is […]
Tag: Power Metal Resources plc
Power Metal exits Guardian on £13.6m shares sale
Power Metal Resources plc has agreed to sell its remaining shares in its spin-out Guardian Metal Resources plc for £13,584,904 cash in an “enormously successful investment”. FIREPOWER The sale and purchase agreement of 24,699,825 ordinary shares of £0.001 each, represents a price of 55p per sale share. The transaction with an investment fund managed by New York City-based […]
Power Metal reduces shares in Guardian
Power Metal Resources plc has reduced its shareholding in its tungsten-focused spin-out Guardian Metal Resources plc. VOTING RIGHTS A TR-1 notification shows that on 13 August 2025, Power Metal’s voting rights decreased from 17.78% to 14.75%, equal to a total of 24,699,825. Guardian’s principal project is at the Pilot Mountain and Tempiute mine and mill […]
First Development begins trading
First Development Resources plc, a spin-out of Power Metal Resources plc, began trading today on AIM. INTERESTS On admission, Power Metal will hold 43.44% of the Australian-focused company’s issued share capital. First Development owns three prospective copper-gold projects of Wallal, Ripon Hills & Braeside West in the Paterson Province, Western Australia. The company also holds the Selta […]
Red Rock faces administration over debt
Red Rock Resources plc said it might have to file for administration if it fails to find sufficient funds to clear its debts. CREDITORS Of the total, the company owes £654,000 to Power Metal Resources plc in respect of their joint venture New Ballarat Gold Corporation plc in Australia. Rescheduled payments include two of £200,000 […]
Power Metal’s Australia subsidiary nears listing
Power Metal Resources plc expects to complete the listing in the coming weeks of its 2021 Australia acquisition held in First Development Resources plc. ASSETS FDR owns three prospective copper-gold projects of Wallal, Ripon Hills & Braeside West in the Paterson Province, Western Australia. The company also holds the Selta uranium and rare earth elements project in […]