Power Metal Resources plc’s joint venture has completed its initial diamond drilling programme at the East Hawkrock property in the Athabasca Basin in Saskatchewan, Canada. MODEL The nine-hole programme for a total of 2,120.4 metres aimed to test the “multiple” geophysical and radiometric anomalies across the Small Lake and Joint Lake target areas. The company said that drilling had […]
Tag: UCAM Ltd
Power Metal posts mixed findings at Badger Lake
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 […]
Power identifies uranium targets at Reitenbach
Power Metal Resources plc’s uranium joint venture has identified three “high priority” targets for pegmatite and uranium mineralisation at the Reitenbach property in the Athabasca Basin, Saskatchewan, Canada. STRATEGY The portfolio of uranium licences is held under Fermi Exploration Ltd with 70% owner UCAM Ltd. Delineated from 2024-25 soil and radon sampling, the targets cover a […]
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 […]
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. […]