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 […]
Tag: UCAM Ltd
Guardian secures £19.9m for Pilot-Tempiute
Guardian Metal Resources plc has secured £19.9 million (US$27.2m) via an award and 0.8% discounted direct subscriptions for its Pilot Mountain and Tempiute tungsten projects in Nevada. UCAM The company was awarded $6.6m (£4.9m) from the US Department of Defense through the DPA Title III programme for Pilot Mountain. Subscriptions from existing shareholders and other institutional […]
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 signs SPA for 29.7m Guardian shares
Power Metal Resources plc’s uranium portfolio partner has become the largest shareholder in spin-out Guardian Metal Resources plc following a legally binding sale and purchase agreement. INVESTOR Announced earlier this month, UCAM Ltd has bought from Power Metal 29,758,334 shares in tungsten-focused Guardian along with warrants over 986,352 ordinary shares for £9,225,083.91 before costs. UCAM now holds 23.45% […]
Power Metal JV notes uranium target at Tait Hill
Power Metal Resources plc’s uranium joint venture, Fermi Exploration, has identified a “significant” intrusion-related target at the Tait Hill property just outside the Athabasca Basin in Saskatchewan, Canada. PROMISING Results from sampling by the JV with UCAM Ltd confirmed a “well defined” 1km by 500m target, the ‘Antler Zone’, initially identified from historical survey data. […]
Power Metal to sell 30m Guardian shares
Power Metal Resources plc plans to sell 29,758,334 of its shares and warrants over 986,352 ordinary shares of £0.01 each in Guardian Metal Resources plc to its uranium joint venture partner for £9,225,083.91. INCUBATOR The agreement is in principle with UCAM Ltd, which needs to complete a fundraise, and subject to administrative processes and a legally binding […]