Power Metal Resources plc has bought 76,310 of it own ordinary shares, of two pence each, to hold in treasury. PURCHASES The 14 January transaction was at a price of 15.0246p for each ordinary share, Following the purchase, the company holds 626,091 shares in treasury. Power Metal’s ordinary shares in issue total 114,984,346, each with voting rights. Creation of […]
Tag: uranium
First Development defers gold surveys at Selta
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 […]
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 […]