First Development Resources plc has deferred, until January 2026, an aerial survey over the Lander West gold target at the Selta project in the Aileron Province of Northern Territory, Australia. GOLD TREND The company’s three exploration licences, in total covering almost 1,600 km², are also focused on uranium, rare earth elements and base metals with potential for […]
Tag: uranium
Power Metal JV advances uranium exploration
Power Metal Resources plc has advanced exploration work, with some mixed results, on its joint venture uranium licences in Labrador and Northern Saskatchewan in Canada. DIVERSITY Operating as Fermi Exploration Ltd, the JV comprises 18 properties in and around the Athabasca Basin in Saskatchewan, covering an aggregate 109,375.74 hectares (1,093.76km2). In Labrador, the sole licence of […]
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 […]
Fulcrum due first uranium sale option payment
Fulcrum Metals plc expects the first payment from the potential purchaser of its Canada uranium assets, which has exercised the first year option of the July 2024 agreement. EXPLORATION Fulcrum will receive C$50,000 cash and C$350,000 of Terra Balcanica Resources Corp common shares, equating to 3,804,347 new Terra common shares due to be issued by 18 […]
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 […]
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. […]