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Alan Green covers Fulcrum Metals #FMET, Power Metal Resources #POW and Anglesey Mining #AYM on this week’s Stockbox Research Talks

Alan Green covers Fulcrum Metals #FMET, Power Metal Resources #POW and Anglesey Mining #AYM on this week’s Stockbox Research Talks

Alan Green covers Acuity Risk Management #ACRM & Power Metal Resources #POW on this week’s Stockbox Research Talks

Alan Green covers Acuity Risk Management #ACRM & Power Metal Resources #POW on this week’s Stockbox Research Talks

Alan Green covers Drumz #DRUM & Power Metal Resources #POW on this week’s Stockbox Research Talks

Alan Green covers Drumz #DRUM & Power Metal Resources #POW on this week’s Stockbox Research Talks

Power Metal Resources #POW – Placing of £2.71 million with Term Oil, a Company Controlled by Rick Rule

Power Metal Resources PLC (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio, announces it has completed a placing (the “Placing”) to raise gross proceeds for the Company of approximately £2.715 million through the conditional issue of 319,388,235 new ordinary shares of 0.1 pence each in the Company (“Placing Shares”) at a price of 0.85 pence per Placing Share (the “Placing Price”).

Each Placing Share has an attaching warrant to subscribe for one new ordinary share of 0.1 pence each in the Company (“Ordinary Shares”) at an exercise price of 2 pence with a 5-year term expiring 9 May 2028 (“Fundraising Warrants”).

As part of the Placing, the Company is pleased to announce that it has entered into a Subscription   Agreement with Term Oil Inc., a company controlled by Rick Rule (“Term Oil”), pursuant to which Term Oil will participate in the Placing up to an amount of £1 million and not less than £0.5 million (“Subscription Agreement”).

The net proceeds of the Placing will be used to further the Company’s exploration activities and for general working capital purposes.

Sean Wade, Chief Executive Officer of Power Metal Resources plc, commented: 

“I am very pleased to be able to announce this capital raise and to reassure shareholders that we are now in a sustainable position to advance our exploration activities, most particularly in respect to our uranium portfolio. Moreover, I am delighted to welcome Rick Rule’s Term Oil vehicle to the register and the new shareholders who are joining us with his endorsement. This is not only a strong validation of our business model but also puts us on a sound footing to continue to deliver our goal of unlocking the significant inherent value in our portfolio.”

FURTHER FUNDRAISING INFORMATION

§ The Company has raised £2.715 million before expenses through the issue of 319,388,235 Placing Shares at the Placing Price of 0.85 pence per Placing Share. 

§ Each Placing Share has attached one Fundraising Warrant to subscribe for one new Ordinary Share at an exercise price of 2 pence with a 5-year term expiring 9 May 2028.

§ Should the Power Metal share price exceed a daily volume weighted average share price of 3 pence for five consecutive trading days, Power Metal may issue a written notice to Fundraising Warrant holders to exercise Placing Warrants within 20 trading days, or the Fundraising Warrants will be cancelled.

§ Sean Wade, the Chief Executive Officer of the Company, has committed to subscribe for 11,764,705 Placing Shares. 

§ The Placing was undertaken by the Company’s joint broker First Equity Limited.

§ The Placing was completed to accredited investors (as defined in National Instrument 45-106 Prospectus Exemptions) in all provinces of Canada, to accredited investors (as defined in section 501(a) of Regulation D under the Securities Act of 1933, as amended(the “1933 Act”)) in the United States of America pursuant to an exemption from the registration requirements of Regulation D and, with the consent of the Company, to suitable investors in other eligible foreign jurisdictions (other than Canada and the United States) pursuant to applicable private placement exemptions under applicable securities laws in such jurisdictions if no prospectus, registration statement or similar document is required to be filed in such jurisdiction and the Company does not become subject to continuous disclosure obligations in such jurisdiction.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirement is available.

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 319,388,235 Placing Shares to be admitted to trading on AIM which is expected to occur on or around 12 May 2023 (“Admission”). The Placing Shares will rank pari passu in all respects with the existing Ordinary Shares currently traded on AIM.

Following Admission, the Company’s issued share capital will comprise 2,058,421,913 ordinary shares of 0.1 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

PDMR Disclosure 

The notifications below, made in accordance with the requirements of MAR, provide further detail on director’s share dealing. 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.    Sean Wade

2

Reason for the notification

a)

Position/status

 

1.    Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Power Metal Resources Plc

b)

LEI

213800VNXOUPHTX53686

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

ordinary shares of 0.1p each

Identification code

ISIN: GB00BYWJZ743

b)

Nature of the transaction

1.    Issue of Placing Shares

2.    Issue of Fundraising Warrants

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.    0.85p

2.    2.00p

11,764,705

 

11,764,705

d)

Aggregated information

– Aggregated volume

1. 11,764,705

2. 11,764,705 

– Price

1. 0.85p

2. 2.00p

e)

Date of the transaction

09/05/2023

f)

Place of the transaction

Off market

 

For further information please visit https://www.powermetalresources.com/ or contact:

Power Metal Resources plc

Sean Wade (Chief Executive Officer)

+44 (0) 20 3778 1396

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 14 8341 3500

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

Power Metal Resources #POW – Assay Results Return Gold from all Drillholes; Confirms Down-Dip and Along-Strike Extension of Mineralised Quartz Reefs

Power Metal Resources PLC (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces an exploration update from the Company’s Berringa Gold Mine Project (“Berringa” or the “Project”), which forms part of the Victorian Goldfields joint-venture (“JV”) located in Victoria, Australia.

On 15 March 2023 the Company issued an update regarding the completion of the 2022/2023 drilling campaign at Berringa. The link to this announcement can be found below:

https://www.londonstockexchange.com/news-article/POW/victoria-goldfields-australia-drilling-update/15877022

HIGHLIGHTS:

Programme Highlights

Explanation

Drilling Overview

The Diamond Drilling programme consisted of 988 metres in six drillholes, four of which encountered visible gold mineralisation.

Extensive Gold Confirmed

All drillholes returning gold mineralisation in laboratory assay test results.

Multiple gold (Au) mineralised intersections were encountered including drillhole BE23D002 which returned 5.2m at 2.38g/t Au including 0.2m at 34.76g/t Au, and BE23D006 which returned 3.5m at 5.43g/t Au including 0.7m at 23.9g/t Au.

The “Nugget Effect”

Variability in grade was experienced due to “nugget effect” typical of the area, and this led to changes in the sampling protocol. Additional drilling will be needed to determine a representative grade.

Key Objectives Met

Key objectives of this drill programme have been met with drilling successfully intersecting the down dip and along strike extensions of previously mined Berringa gold mineralised quartz reefs. As the gold is hosted in the quartz reef the identification of a larger volumes of quartz reef is a positive development.

Extensive Quartz Reef Confirmed in Final Hole

The final drillhole (BE23D006) intersected a more than 30-metre-wide quartz reef intersection approximately 100 metres east of the main Berringa line of workings. The hole was ended while still in mineralisation and so is open at depth.

Next Steps

The programme has enabled the partners to gain a better understanding of the structure of the historic Berringa gold mine and this work will be further advanced as the results continue to be analysed and related to historical data. The partners will then announce the next phase of exploration.

Sean Wade, Chief Executive Officer of Power Metal Resources PLC commented:

“It is very pleasing to be able to report another good set of drill results, which clearly show us meeting our key objectives. We have added substantial value to the project through this programme, in particular a significant improvement in the structural understanding of Berringa. Nugget gold, whilst extremely exciting, is hard to establish with limited drilling and an enhanced programme will be needed to establish a reliable grade. It has long been our intention to fund such further exploration through an IPO, and this set of results allows us to set about that intention with renewed vigour.”

FURTHER INFORMATION

Highlight Assay Results

Hole ID

Hole Length (m)

Interval (Au)

Incl.

BE23D001

431.5

1.4m @ 0.25g/t  from 381m

0.3m @ 0.83g/t  from 389.45m

0.2m @ 3.61g/t from 421m

BE23D002

107.4

5.2m @ 2.38g/t  from 88.9m

0.25m @ 34.76g/t

BE23D003

119.5

1.7m @ 1.89g/t  from 105m

0.25m @ 8.74g/t

1.65m @ 0.88g/t  from 111m

BE23D004

77.4

0.9m @ 0.86g/t  from 2m

1m @ 0.54g/t  from 39.4m

BE23D005

94.8

0.4m @ 0.62g/t  from 73.6m

BE23D006

158.1

0.7m @ 1.5g/t  from 130.4m

3.5m @ 5.43g/t  from 133m

0.2m @ 23.9g/t

4.9m @ 1.09g/t from 140m

 

3.9m @ 1.62g/t from 153.6m

0.7m @ 7.49g/t

Programme Overview

Drill programme assay results from the Company’s inaugural diamond drilling campaign at its historical Berringa mine Project located in Victoria, Australia, have confirmed extensions of gold mineralised lodes within the main reef systems.

The limited programme was specifically designed to test three potential sites for further evaluation and has exceeded expectations with visible gold identified in 4 of the 6 holes drilled.

All targets tested have proved the mineralised quartz lode systems are continuous and open down plunge and along strike.  All zones require further diamond drilling to build on the early success and work towards possible Resource definition.

Gaining access to the mine through an historical adit has also become a high priority to enable a bulk sampling of the Berringa syndicate lode for preliminary metallurgical test work. This will accelerate the process to recommence gold mining at the historical mine site. This work is ongoing subject to regulatory requirements and approvals from the State Government regulator.

Geological Interpretations

South Birthday Zone – Drillhole BE23D001

A single long drillhole, BE23D001, was completed targeting a possible extension of the west-dipping lode in the South Birthday Zone, and investigating possible similarities with the reef system currently mined at Ballarat 20km to the east. BE23D001 successfully intersected a fault structure of approximately 9 metres in width which extends the west dipping lode over 50 meters further down plunge from the last known stope.

Geological logging of the core identified predominantly massive quartz veining with sphalerite, galena, pyrite and minor arsenopyrite.  The quartz reef has a hanging wall contact marked by a laminated quartz vein and overall the lode closely resembles the Ballarat mine reef system.

The hole ended in sandstone and not the expected black shale, and computer modelling based upon detailed lithological core logging will assist in determining where and at what depth the historically gold rich intersections typically found within black shales may sit in the South Birthday Zone.

Berringa Syndicate Zone – Drillholes BE23002 & BE23003

Near the centre of the licence area, located approximately 1.5km north of BE23D001, drilling at the Berringa Syndicate Zone, which historically produced at 7-8 g/t, returned positive results including minor fine visible gold within a well-defined lode structure.

This unmined zone was identified in the late 1980s from sampling in underground drives and adits with BE23002 and BE23003 being the first drillholes to test this zone. Downhole quartz vein intersections included intervals of 9m and 14m with abundant quartz near the footwall and hanging wall contact.

Kangaroo Zone – BE23004, BE23005 & BE23006

Located due east of the Berringa Syndicate Zone, the Kangaroo Zone was tested by drillholes BE23D004,005 and 006. This underexplored lode system has no surface expression.

Identification of a potential mineralised reef was made from an old plan map of underground workings. Only a single crosscut pushed from the historical Kangaroo mine towards the east which successfully intersected a mineralized structure.  It is unclear if any stoping took place.

BE23004 and BE23005 drill tested the northern extension of the possible structure with BE23004 potentially intersecting a cross-course fault which appeared to have offset mineralisation.  BE23005 also pierced the cross course in a different position but has struck part of a lode structure on the north side of the fault. It is possible that the estimated location of the underground workings was not yet exact so that drilling may have passed over the top of the lode. Further geological work on the lithological core logging will help to refine the positioning and identify optimal locations on the east lode for future drilling.

Drillhole BE23006 exceeded expectations, intersecting a broad (over 30m apparent width) mineralised quartz reef structure that had not been known containing minor arsenopyrite, galena, sphalerite.  Visible gold was also identified in the hanging wall contact. Initial interpretation suggests the mineralised zone may be closer to the west than previously considered, and the drilling may have intersected a saddle reef not previously mined.

This supports the inference of a second (parallel) line of mineralization to the east of the main Berringa line and has substantially increased the prospectivity of the Berringa property overall.

Next steps

Currently the technical team is completing detailed review of all new drillhole data including inputting all geological and structural data into 3D modelling software. Next steps will be determined in due course and the market will be updated once plans have been finalised.

JOINT VENTURE STRUCTURE

The JV is held between Power Metal (49.9%) and its partner, London-listed Red Rock Resources PLC (50.1%) (together the “JV Partners”).

NBGC has a wholly owned Australian operating subsidiary Red Rock Australasia Pty Ltd (“RRAL”) which holds a strong land position comprising seventeen granted exploration licences and one purchased licence for a total area of 1,867km2 within the prolific Victorian Goldfields of Victoria, Australia, principally surrounding the mining centre of Ballarat, Australia.

In addition, 2 licences covering 467km2 await grant. The JV has carefully assembled its portfolio of properties comprising a broad range from robust exploration targets to near term resource potential, all of which remain largely underexplored by modern explorers.

The JV Partners have the intention of listing the JV company NBGC and will make further announcements as appropriate.

GLOSSARY

Arsenopyrite:    iron arsenic sulphide (FeAsS), a sulphide mineral found in hydrothermal veins and often an indicator of gold presence

Fire assay:           the industry standard method of obtaining gold data from high grade ores by heating a sample in a furnace to separate the gold from other materials present

Galena:                                the natural mineral form of lead sulphide (PbS) typically found in hydrothermal veins

KCN bottle roll: an industry standard test for assessing gold recovery possible by cyanide leaching using potassium cyanide (KCN)

Lode :                    a deposit of metalliferous ore that fills or is embedded in a fissure in a rock formation or a vein of ore that is deposited or embedded between layers of rock, generally formed by deposition from hydrothermal solutions

Pyrite :                  iron disulphide (FeS2), the primary iron sulphide and most abundant sulphide mineral, generally found in association with other sulphides and found in hydrothermal quartz veins and other environments

Sphalerite :         the primary zinc sulphide ((Zn, Fe)S) found in association with other sulphides in a variety of deposit types

QUALIFIED PERSON STATEMENT

The technical information in this report is compiled by David Holden, BSc, MBA, MEM, who is a member of the Australian Institute of Geoscientists and the Executive Officer and Exploration Manager of RRAL. He is a member of a recognised professional organisation and has sufficient relevant experience to qualify as a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, published by AIM.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

For further information please visit https://www.powermetalresources.com/ or contact:

Power Metal Resources plc

Sean Wade (Chief Executive Officer)

+44 (0) 20 3778 1396

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 1483 413 500

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

NOTES TO EDITORS

Power Metal Resources plc – Background

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa and Australia. 

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work. 

Value generated through disposals will be deployed internally to drive the Company’s growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.

Power Metal Resources #POW – Insider Warrant Update

Power Metal Resources plc (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces a warrant update.

The Company would refer readers to its announcement of 24 October 2022 wherein warrants to subscribe for new ordinary shares of 0.1p in Power Metal at an exercise price of 0.75p per share (“Insider Warrants”), held by Company directors, could not be exercised at the original expiry date of 20 July 2022 (“July 2020 Warrants”) and were extended to an expiry date of 21 April 2023 as a result.

The Insider Warrants were issued to directors following their participation in a Company financing in July 2020.

The Insider Warrants are held by Paul Johnson, former Director and Chief Executive Officer of the Company and Ed Shaw, Non-executive Director (together the “Insiders”) as follows:

Warrant Holder

Number of Warrants

Exercise Price

Paul Johnson

20,000,000

0.75p

Ed Shaw

7,500,000

0.75p

 

Current Status of the Insider Warrants

The Insider Warrants remain valid as the Insiders remain unable to exercise at this time due to ongoing proactive exploration and corporate activities, reflecting Ed Shaw’s director position and Paul Johnson’s continuing support to the Company as outlined in the announcement of 10 March 2023.

This exploration and corporate activity includes, but is not limited to:

–     Exploration results expected to be released from the Molopo Farms Complex Project and Tati Project in Botswana and the Berringa Project in the Victoria Goldfields, Australia, and

–     Developments in respect of the Company’s Athabasca uranium interests in Saskatchewan, Canada.

–     Advanced spin-out IPOs and disposal activities across multiple project interests.

Under the July 2020 Warrant instrument Clause 2.3 provides that should any July 2020 Warrant holder be in the possession of price sensitive information and be thereby precluded from exercising warrant subscription rights, the exercise period shall be extended until 20 business days following the date on which the Warrant holder ceases to be an insider.

It is the Insiders’ intention to exercise the warrants as soon as they are free to do so however given the level of activity within the Company this may not be possible for some time. 

The Insider Warrants remain available to exercise under Clause 2.3 however the Company has extended the expiry date on the warrants to 21 October 2023 to reflect the limitations on exercise as described above.  Should the Insider Warrants be unexercised on 21 October 2023, the Insiders must either give an irrevocable commitment to exercise the Insider Warrants when next able to so do, or the Board may consider a further extension.

Related Party Note

The extension of the Insider Warrants held by Paul Johnson and Ed Shaw as outlined above, have been treated as related party transactions for the purposes of AIM Rule 13.

Sean Wade, Scott Richardson Brown and Owain Morton being the independent Directors for the purposes of the extension of the expiry date of the Insider Warrants held by Paul Johnson and Ed Shaw considers, having consulted with the Company’s nominated adviser, SP Angel, that the extension of the warrant expiry date to 21 October 2023 to such related parties is fair and reasonable insofar as the Shareholders are concerned.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

For further information please visit https://www.powermetalresources.com/ or contact:

Power Metal Resources plc

Sean Wade (Chief Executive Officer)

+44 (0) 20 3778 1396

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 1483 413 500

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

 

NOTES TO EDITORS

Power Metal Resources plc – Background

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.

 

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa and Australia.

 

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

 

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.

 

Value generated through disposals will be deployed internally to drive the Company’s growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.

Power Metal Resources #POW – Release of Schedule One for Golden Metal Resources #GMT

pow goldenPower Metal Resources PLC (LON:POW),  the London listed exploration company seeking large-scale metal discoveries across its global project portfolio is pleased to announce the release today by AIM of a Schedule One announcement in respect of Golden Metal Resources PLC (“Golden Metal”), a link to which is provided below:

http://www.rns-pdf.londonstockexchange.com/rns/6686W_1-2023-4-18.pdf

Sean Wade, Chief Executive Officer of Power Metal Resources PLC commented: “I am very pleased to be able to update shareholders that the Golden Metal IPO is progressing.

Further information in respect of Power Metal’s interest in Golden Metal on admission to trading on AIM, the total IPO equity placing amount, market capitalisation and other important information  is expected to be forthcoming in due course. POW will make further announcements as appropriate.”

Shareholders wishing to learn more about Golden Metal, may review the company’s website through the following link:

https://www.goldenmetalresources.com/

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

For further information please visit   https://www.powermetalresources.com/  or contact:

Power Metal Resources plc

Sean Wade (Chief Executive Officer)

+44 (0) 20 3778 1396

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 1483 413 500

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

 

NOTES TO EDITORS

Power Metal Resources plc – Background

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.

 

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa and Australia.

 

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

 

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.

 

Value generated through disposals will be deployed internally to drive the Company’s growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.

Power Metal Resources #POW – Total Voting Rights

In accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules, the Company hereby announces that as at 31 March 2023 there were 1,739,033,678 ordinary shares of 0.1 pence each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 1,739,033,678.

The above figure of 1,739,033,678 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules. 

For further information please visit  https://www.powermetalresources.com/   or contact:

Power Metal Resources plc

Sean Wade (Chief Executive Officer)

+44 (0) 20 3778 1396

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 1483 413 500

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

 

NOTES TO EDITORS

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa and Australia.

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.

Value generated through disposals will be deployed internally to drive the Company’s growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.

Markets and Stocks March 2023 – Doc Holliday talks to Alan Green

Markets and Stocks March 2023 – Doc Holliday talks to Alan Green. Doc and Alan discuss the Bloomberg article on former rogue trader Nick Leeson’s new role with the Red Mist Market Enforcement Unit to investigate financial misconduct. On the stocks front we discuss Versarien #VRS and how innovative companies need to raise money. We discuss ECR Minerals #ECR and Longboat Energy #LBE and briefly look at First Class Metals #FCM and Power Metal Resources #POW

Power Metal Resources #POW – New CEO Sean Wade talks to Alan Green

Power Metal Resources #POW – New CEO Sean Wade talks to Alan Green about current projects, including the Molopo Farms project and the Tati project in Botswana, plus upcoming IPOs for Golden Metal Resources, First Development Resources, Uranium Energy Exploration and New Ballarat Gold Corp. Sean discusses the challenging environment for the share price, how the team remain focussed on delivering on their objectives regardless and how he believes in the great inherent value in the business.

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