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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
African Battery Metals Plc | LSE:ABM | London | Ordinary Share | GB00BYWJZ743 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.55 | 0.50 | 0.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPOW
RNS Number : 5414X
Power Metal Resources PLC
05 January 2022
05 January 2022
Power Metal Resources plc ("Power Metal" or the "Company")
Director Dealing
Power Metal Resources plc (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces that today, Paul Johnson, Chief Executive Officer of the Company purchased 1,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 1.65p per Ordinary Share through his Self-Invested Personal Pension ("SIPP") (GBP16,500 invested).
Following the above purchase Mr Johnson has a beneficial interest in a total of 76,000,000 Ordinary Shares, representing approximately 5.27% of the issued share capital of the Company.
PDMR Disclosure
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.
1 Details of the person discharging managerial responsibilities / person closely associated a) Name 1. Paul Johnson --------------------------------------- ------------------------------------------ 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 ordinary shares of 0.1p each instrument, type of instrument Identification code ISIN: GB00BYWJZ743 b) Nature of the transaction 1. Purchase of Shares --------------------------------------- ------------------------------------------ c) Price(s) and volume(s) ------------------- ------------------ Price(s) Volume(s) ------------------- ------------------ 1.65p 1,000,000 ------------------- ------------------ d) Aggregated information - Aggregated volume 1,000,000 - Price 1.65p e) Date of the transaction 5 January 2022 --------------------------------------- ------------------------------------------ f) Place of the transaction XLON --------------------------------------- ------------------------------------------
Certain information contained in this announcement would have been deemed 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 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.
Power Metal Exploration Programmes Underway/Results Awaited
Power Metal has exploration programmes completed or underway, with results awaited, as outlined below:
Project Location POW % Work Completed Results Awaited or Underway Alamo Gold USA Earn-in Excavation of multiple Field and assay Project to 75% test pits and mapping results from on-site & sampling. work programme. ---------- ---------- ------------------------ ---------------------- Authier North Canada Earn-in Soil & rock sampling Laboratory assay Lithium to 100% completed results of samples collected ---------- ---------- ------------------------ ---------------------- Ditau Project Botswana 50% Preparatory exploration Field programme work underway on findings and defined target I10 leading drill targets for to planned accelerated near term drilling. drilling targeting rare-earth elements and base metals ---------- ---------- ------------------------ ---------------------- Kalahari Copper Botswana 50% Exploration programme Field programme Belt underway across findings and defined the South Ghanzi drill targets for Project and further near term drilling exploration at the more recently acquired South Ghanzi Extension and Mamuno licence areas ---------- ---------- ------------------------ ---------------------- Molopo Farms Botswana 53%(1) Kavango Option Results from various to acquire an interest work activities in local project underway as part holding company. of the Kavango Option fee payable Option through defined work programme ---------- ---------- ------------------------ ---------------------- Tati Gold/Nickel Botswana 100% Reverse circulation Laboratory assay drill programme results awaited completed ---------- ---------- ------------------------ ---------------------- Victoria Goldfields Australia 49.9% Ongoing exploration Results from field across 848km(2) programme including of granted exploration drill programme licences underway ---------- ---------- ------------------------ ---------------------- Wallal Gold/Copper Australia 83.33%(2) Passive seismic Results awaited Project and 2D seismic
processing work programme completed ---------- ---------- ------------------------ ----------------------
(1) should Kavango exercise their option to acquire Kalahari Key, Power Metal interest would reduce to 40% of the Molopo Farms Complex project
(2) assuming all licences held by URE Metals Pty Limited are granted as outlined in the Company's announcement of 19.11.21 resulting in the issue of First Development Resources Ltd shares to URE vendors
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(END) Dow Jones Newswires
January 05, 2022 08:11 ET (13:11 GMT)
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