Power Metal Resources plc (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio highlights the United States Geological Survey’s (“USGS”) 2022 List of Critical Minerals which was published on February 22, 2022. The full announcement can be found at the following link:
The Critical Minerals list is published every three years and is determined using modern scientific methods to evaluate mineral criticality. The new list that was recently published contains 50 non-fuel mineral or mineral material that that are considered essential to the economic or national security of the United States of America (“USA”) and which has a supply chain vulnerable to disruption. Additionally, critical minerals are characterized as serving an essential function in the manufacturing various critical products, the absence of which would have significant consequences for the economy or national security of the USA.
The notable changes from the 2018 list include the additional of nickel and zinc, as well as the removal of helium, potash, rhenium and strontium. Tungsten, lithium, cobalt, rare earth elements and platinum group metals all retained their inclusion in the 2022 Critical Minerals list.
Power Metal’s Exposure
– Tungsten (W) was once again included on the USGS’s Critical Minerals list. The main uses can be viewed at the following link: Tungsten Statistics and Information | U.S. Geological Survey (usgs.gov). Power Metal, through its portfolio company Golden Metal Resources (“Golden Metal”) maintains significant exposure to the critical mineral through its 100% holding of the Pilot Mountain Project located in Nevada, USA. Pilot Mountain hosts a robust Mineral Resource Estimate (MRE) of 12.53Mt at 0.27% WO3 with significant silver, copper and zinc credits. Golden Metal is undertaking a planned listing on the London capital markets in 2022.
– Power Metal also maintains significant global exploration exposure to several other metals on the Critical Minerals list including:
o Lithium: Through its Authier North Property located in Quebec, Canada, as well as its Haneti Project located in Tanzania.
o Rare Earth Elements (REEs): Through its Ditau Property located in Botswana, as well as its Selta Project located in the Northern Territory, Australia, held through its portfolio company, First Development Resources Limited.
o Platinum Group Metals (PGMs): Through its Molopo Farms project located in Botswana.
o Nickel: Through its Tati and Molopo Farms projects located in Botswana, as well as its Haneti Project located in Tanzania.
For further information and to view the new corporate presentation please visit the newly launched website at: https://www.goldenmetalresources.com
For further information please visit https://www.powermetalresources.com/ or contact:
Power Metal Resources plc
Paul Johnson (Chief Executive Officer)
+44 (0) 7766 465 617
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