Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces the September quarterly business operational update for shareholders.
Paul Johnson, Chief Executive Officer of Power Metal Resources plc, commented:
“We consider Power Metal to be a global project with thirteen project packages across three continents and targeting nine precious, base and strategic metals.
At the heart of our business is resource prospect generation, targeting district scale resource opportunities for internal development or value crystallisation.
Look below and you will see the results of our work to date and the potential the Power Metal business offers.
As a longstanding private investor and public company director in the junior resource space I often encounter the frustrations and the jubilations offered by a cyclical market.
Our duty, notwithstanding market conditions, is to remain focused, to continue to build and, above all, to justify shareholders’ trust in Power Metal through quantifiable delivery.”
Note: in addition to the material presented below, investors are guided to the Power Metal corporate presentation which is available on the Company’s website through the following link:
PROJECT OPERATIONS UPDATE
The tables below provide the latest status of each project within the Company’s portfolio and include:
– Exploration project updates from African, North American and Australian interests;
– Corporate development updates for project packages advancing towards spin-out into their own listed vehicles as part of the Company’s crystallisation objectives;
– Further updates in respect of Power Capital Investments Ltd, the Company’s wholly-owned new project incubator;
– Additional management and financial information for shareholders.
COMPETENT PERSON STATEMENT
The technical information contained in this disclosure has been read and approved by Mr Nick O’Reilly (MSc, DIC, MIMMM, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Power Metal Resources PLC to provide technical support.
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
Paul Johnson (Chief Executive Officer)
+44 (0) 7766 465 617
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 buybacks, dividends or in-specie distributions of assets.
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