Power Metal Resources plc has completed 10% of its 12.5% earn-in on the Block 8 copper exploration concession in northern Oman. TARGETS The company spent US$500,000 on work including rock chip sampling, mapping and in-fill gravimetric geophysics surveys focused on “high priority” prospects, Al Maider and Al Mansur. Power Metal said that both prospects had the […]
Tag: Power Metal Resources plc
Power Metal to drill Badger Lake uranium property
Power Metal Resources plc has established targets for a diamond drilling programme on its Badger Lake uranium property in the Athabasca Basin area, Northern Saskatchewan, Canada. S ZONE Acquired in 2022, the site has undergone exploration studies, including soil geochemical, radon gas, and biogeochemical sampling, airborne electromagnetic and magnetic geophysical surveys, and an ambient noise tomography survey. […]
Power Metal prepares to drill Perch River
Power Metal Resources plc is completing preparations for drilling on its Perch River uranium joint venture property, containing the Rapids target, in the Athabasca Basin, Saskatchewan, Canada. TARGETS Following receipt of a permit last week for a seven to eight-hole diamond drill holes, the company will target the soil and in-situ radon anomalies of Rapids and a […]
Power Metal rules out Qatan earn-in
Power Metal Resources plc has decided against a binding agreement for a 49% earn-in with a US$3 million spend on the Qatan exploration licence in southern Saudi Arabia. MUTUAL The company signed a letter of intent in September 2024 with Saudi Arabian explorer and miner Al Masane Al Kobra Mining Company (AMAK) for the volcanogenic […]
Power Metal directors buy 700,000 shares
Power Metal Resources plc directors today bought an aggregate 703,800 new ordinary shares, each at a average price of 12.5 pence per ordinary share in the company, for a total £87,975. INTERESTS Chief executive officer Sean Wade purchased 150,000 new ordinary shares each at 12p, 250,000 shares at 12.9p and 103,800 at 12.6p. Non-executive director […]
UEE changes name and focus
Uranium Energy Exploration plc has changed its name to The Smarter Web Company, focused on business and domestic software development. DIRECTORS UEE was established by Power Metal Resources plc as a potential listed company for part or all of its portfolio in Saskatchewan, Canada. The licences instead became part of a joint venture, Fermi Exploration […]