Company Moves Metals & Minerals News

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 […]

Company Moves Metals & Minerals News

UEE appoints Andrew Webley as a director

Uranium Energy Exploration plc has appointed Andrew Webley as a director, effective 10 January. Companies House also recorded that Alexander Barblett’s post as director ended on 9 January. UEE’s other directors remain accountant Mario Visconti and Power Metal Resources plc chief executive Sean Wade. Previously named Teathers Financial, UEE was designed to be a subsidiary […]

Metals & Minerals News

Power Metal completes uranium JV

Power Metal Resources plc has completed the formation of a uranium-focused joint venture involving all its uranium licences, with UCAM Ltd. MODEL The company’s Saskatchewan portfolio includes Perch River; Tait Hill; Cook Lake; Reitenbach; Thibault Lake; Clearwater; Soaring Bay; E12; and the most recently acquired Drake Lake – Silas in Newfoundland and Labrador. Airborne electromagnetic surveys are pending for […]

Finance Metals & Minerals News

Power Metal plans Canada uranium JV

Power Metal Resources plc has signed a binding £2 million subscription as loan notes with a possible further £10m initial investment for a proposed Canada uranium joint venture. DISCUSSIONS Through its local subsidiary, the company holds 16 properties over a combined 92,407ha (924.07km2), surrounding and within the Athabasca Basin in northern Saskatchewan. The investment follows Power […]

Finance Metals & Minerals News

Power Metal mulls assets merger for uranium investors

Power Metal Resources plc might combine its uranium licences with some of its other assets to secure an investment agreement. OPTIONS The company, currently preparing Uranium Energy Exploration plc for listing, said it had seen interest from institutional, high-net worth and retail investors in the UK and elsewhere, “including a potential cornerstone investor”. “However, a number of significant […]