Power Metal Resources plc has added a further property to its uranium portfolio in and around the Athabasca Basin in Saskatchewan, Canada. GREENFIELD Richards Lake, covering 3,109.26 hectares (31.09 km2), lies within the northern edge of Athabasca Basin and 14km south of the Fond du Lac uranium deposit. The company said that the property had […]
Tag: uranium
Golden Metal marks bonanza silver grades at Garfield
Golden Metal Resources plc reported bonanza silver grades and a magnetic bullseye anomaly overlapped by a uranium target at Garfield in Nevada, USA. NEW-STYLE DEPOSIT Assay analysis, from geological mapping and rock sampling at the project within the Walker Lane mineral belt, confirm silver grades of up to 1,225g/t silver, including 18.35g/t silver and 1.89% copper. The […]
Power Metal identifies further uranium targets
Power Metal Resources plc has identified additional multiple “significant” uranium targets at another two of its 17 projects in and around the Athabasca basin, Saskatchewan. CLEARWATER The findings, from the unmanned aerial vehicle magnetic geophysics surveys covering Clearwater and Cook Lake, are from the company’s 2023 exploration programme across its 1,012km2 portfolio. At Clearwater, the survey focused […]
Power Metal uranium subsidiary raises £421,500
Power Metal Resources plc uranium-focused subsidiary has completed a pre-IPO financing of £421,500 for its planned listing during the first half of 2024. EXPECTATIONS Teathers Financial plc, to be renamed as Uranium Energy Exploration plc (UEE), raised the funds at 1.241135p per Teathers new ordinary share. It conditionally acquired the Reitenbach and E-12 Uranium properties in 2022 […]
Power Metal adds new helium anomalies to Perch River
Power Metal Resources plc has expanded by 38% its Perch River uranium project within the Athabasca basin to include more helium anomalies and prospective geology. GEOLOGICAL TREND The move follows the discovery earlier this month of “highly significant” helium anomalies at the site. The company has now secured a further 1,514.8ha to the North taking […]
Power Metal finds helium anomaly at Perch River
Power Metal Resources plc has discovered an “extremely strong” helium anomaly in the centre of its Perch River uranium project within the Athabasca basin, Saskatchewan. EXPECTATIONS The company recently acquired the two-year Perch River licences, covering 39.41km2 and located less than 10km from the northern basin edge. Chief executive officer Sean Wade said that the indications could be […]