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 […]
Tag: uranium
Focus NEDs resign
Focus Xplore plc non-executive directors Louis Scheepers and Lukas Marthinus Maree have resigned, with immediate effect. “The company thanks both gentlemen for their support and contribution to the company during their tenure over the last several years and wishes them the very best in their future endeavours,” said Focus. Mr Maree’s role as chairman of […]
Power Metal increases treasury shares
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 […]
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 […]