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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Power Metal Resources Plc | POW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.25 | 2.00% | 12.75 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 12.75 | 12.75 | 12.75 | 12.75 | 12.50 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 02/3/2025 14:04 by 888icb Charles Archer March Review Small Cap MiningExtract from Charles Archers March Review: “The Power Prophecy At the start of the year, I was fairly confident that Guardian would have a strong Q1 and parent Power Metal a strong Q2. I do feel sorry for POW - both in my portfolio, but also for fellow investors, and management - it’s done everything right and the market refuses to reward the company. This is by no means a unique situation, but having divested roughly half of its GMET holding, Power will have (after paying off debts etc) around £7 million in CASH, exposure to potentially >£16 million in the uranium JV in Athabasca in an upsiode scenario, 20% of GMET worth circa £9 million, and then all sorts of projects all over the world - including carefully laid plans in Saudi Arabia. What I find most gratifying about Power is that the company has effectively managed to ignore brokers for cash-raising purposes - and it’s extremely unlikely you will wake up to a discounted raise. As I said at the start of the year, the most important thing in this market is cash - or good access to it, such as through a near-term deal. POW now has it in spades. What this capital does is give the company breathing room - and the ability to continue developing its business in Saudi. And to negotiate deals from a position of strength. I remain of the the view that Power will tag 30p in Q2, though a lot of this hinges on getting the uranium drilling up and running expediently. If this drags on, then the re-rate may come in Q3. Unless Sean has something up his sleeve that shocks the stock awake.” I agree with Charles Archer’s analysis and a 30p target in the next quarter is fully justified. POW has gone backwards while GMET has done 100% in the last 12 months and until recently POW held 45% of GMET which is only partly reflected by the £9.5 million cash. |
Posted at 11/2/2025 13:26 by 888icb A very good post from Tray on LSE which I think is a sound analysis of today’s RNS:“ Some crazy comments on here this morning regarding this RNS and just proves AIM is in a total mess. Sean has just secured the financial security of POW in a dire market for the next 3 years+ whilst retaining 20% of GMET. Sean as soon as he came into the role of POW CEO, IPO'd GMET in May 2023. In just 21 months he has crystalised a significant multi million pound profit on that investment. Hindsight is a wonderful thing. GMET could go up or it could go down in the coming months. The POW CEO has prudently secured the financial position of POW for multiple years whilst still retaining 20% of GMET and POW will still be the 2nd biggest GMET holder. There is almost nothing to be negative about here. This is a great move and proves the POW model is in fact working very effectively. In fact, it's one of the best RNS I have seen since I became a POW holder many moons ago. GMET is just one moving part in the POW portfolio. POW will now be debt free and have £7.5mil in the bank to progress all the other moving parts of the portfolio including some nice surprises along the way I would imagine.” |
Posted at 24/1/2025 16:03 by hugothesecond Am I right in believing that the POW share price is at the same level today c13p when GMET was still in the low 20's ? Given that POW own 45% of the latter stock which is now at valued at 33p - POW should be at least 17p - with the rest of POW portfolio priced to fail ! |
Posted at 23/1/2025 14:54 by 888icb POW looks like it is starting to respond to the 9.4% rise today at GMET. The value of POW’s holding in GMET is worth over £4 million more than POW’s market cap. All POW’s other investments are in for free. |
Posted at 01/1/2025 10:42 by jammytass Power Metal Resources (POW): 13.75p Target 30pThere was a possibility of including Guardian Metal Resources (GMET) in this list of the 25 stocks for 2025, but given that POW has a 45% stake in the Nevada focused explorer, covering POW means that one gets two companies for the price of one. Indeed, POW’s current market cap at £15m is almost exactly the same value as its stake in GMET. This means that one gets exposure to GMET, one of the past year’s top stock risers, and everything that POW is involved in currently for free. And this is nothing to be sniffed at. Recent highlights include the acquisition of the Pardoe Uranium Project in northern Saskatchewan, Canada, a binding agreement with Al Masane Al Kobra Mining Company, a Saudi Arabian listed exploration and mining company, and a deal with ASX listed Alara Resources Limited and Awtad Copper LLC to earn a 12.5% stake in the Block 8 concession in Oman. Indeed, there is much more. But the message with POW is the it continues to be grievously undervalued by the market. |
Posted at 08/10/2024 15:12 by 888icb I think you will find they are not going to issue more shares to fund this.POW is providing expertise and management. POW will charge for its staff, engage consultants etc and the spending of that money over time will be its contribution to POW’s share of the project. POW’s strategy is to minimise or eliminate further dilution of shareholders. Look at yesterday’s Uranium JV all the £10 million is from the JV partner, POW has contributed its licences and will provide management.The market reaction is based on a misconception if it thinks dilution is coming and today’s deal was known about sometime ago. There is nothing new in today’s RNS other than they are close to closing the deal. Markets in general are not good today so that explains the share price action. FCM is actually up 15% which is positive news for POW but GMET is down which is difficult to understand following yesterday’s outstanding drilling results. |
Posted at 23/8/2024 12:23 by noirua Additional HoT termsThe HoT contains additional terms including, inter alia: - POW will retain its existing Gross Production Royalty ("GPR") of 0.75% over the footprint covered by RRAL exploration interests. - RRR will ensure key licence retention and specifically those licences containing the Ajax and Berringa mines. - POW will retain the right to purchase any individual exploration licences that are to be surrendered by RRAL or where expenditure commitments will not be satisfied and a reduced expenditure has not been agreed, for consideration of A$1 per licence. - From the date of the Agreement until Completion or the Long Stop Date, whichever shall be sooner, POW and RRR commit to contribute A$20,000 per month towards the costs of RRAL, with any further costs to that date being met by RRR. - RRR has committed that no significant exploration interests of, or controlling interest in, NBGC/RRAL may be transferred out, or disposed of, or agreed to be so transferred or disposed by NBGC/RRAL, to another party without an opportunity being given to POW to match the terms offered by such other party; and - Should RRR dispose in whole or part of any of the Interests within 12 months of the HoT, 15% of disposal proceeds after agreed costs will be payable to POW, or 5% in months 13-24 (the "Disposal Premium"). (Note: any amount payable under the Disposal Premium is capped such that the total aggregate Consideration for the Transaction shall not exceed 74.9% of Power Metal's market capitalisation as at the date of the Agreement, using the mid-market closing price of Power Metal ordinary shares on the trading day immediately prior to the date of the HoT). - POW retains certain buyback rights in respect of its 49.9% holding in the event of a payment default by RRR exceeding 60 days from due date, save as caused by force majeure. - POW holds a separate convertible loan note which together with interest and charges amounts to £94,400 of which £50,000 is payable in cash upon Completion and the remaining £44,400 is payable in cash two months after Completion, as part of the HoT. |
Posted at 03/6/2024 12:33 by apotheki First Equity broker noteUranium JV and Financing Power Metal Resources plc (POW.L) this morning announced a significant strategic financing and Joint Venture (JV) with ACAM. This involves ACAM investing £2m via a 5-year 10% loan note (with attached 15p ex. warrants) and subject to an effective due diligence period of up to 8 weeks, forming a uranium focused JV over POW’s entire uranium portfolio. In the proposed JV, ACAM would invest a further £10m into POW’s Canadian subsidiary to gain a 70% interest. An additional £4m milestone payment could also be paid to POW. ACAM is a natural resource focused Limited Partnership advised by S and F Investment Advisors Limited (S&F). Louis Bacon, founder of Moore Strategic Ventures and Tim Leslie, the founder of S&F are, indirectly, the beneficial owners of the majority of ACAM. FE Comment – This is an incredible deal and achievement for POW, that would see the Group receive at either plc or subsidiary level, funds of up to £18m, that will help accelerate exploration on the entire uranium project portfolio. ACAM entered into a similar deal in terms of size and scope two years ago with TSX-V listed Amaroq Minerals Ltd (formerly AEX Gold Inc). The shares have since almost doubled in price from 0.66c to 1.31c. Investors will hope that history can repeat itself for POW as well. POW’s market cap of £21.1m (at 19p mid-price) is underpinned by the sizeable value of its stake in Golden Metal Resources plc (GMET), which is worth £12.1m at the current mid-price of 22.5p, accounting for 58% of the market cap, leaving the reminder of the Group’s extensive portfolio of projects and investments worth only £9.0m. We believe the market should be attributing a much higher valuation to POW, considering the increasing value of GMET, today’s uranium investment and JV news, along with recent advancements elsewhere within the POW stable. To this end, we continue to recommend the shares as a ‘Buy’. |
Posted at 03/6/2024 09:55 by apotheki Power Metal Resources* (POW LN) 19.2p, Mkt cap £21m – Subscription agreement and entry of JV discussions for Uranium portfolioCLICK FOR PDF Power Metal Resources provides an update on their Uranium portfolio in Canada. The Company has signed a legally binding subscription agreement with ACAM LP for a gross £2m investment in Power Metal via loan notes and warrants. ACAM is backed by Louis Bacon of Moore Capital Management and has stakes in Amaroq Minerals’ POW has also entered an eight-week exclusivity period to form a uranium-focused JV across POW’s entire uranium portfolio. Subscription Agreement ACAM will purchase notes with attaching warrants for £2m. The attaching warrants are exercisable at 15p/share. The Notes have a five year term and bear an interest of 10% pa. POW can pay the notes through either cash or the issuance of new shares. The Company can settle interest in shares or cash. 20% of any future equity financing proceeds will be used to redeem the notes for cash. Any asset sale over £300k with require POW to redeem notes for cash. POW can redeem the notes at any time without fee or penalty. Non-Binding Term Sheet for Uranium-focused JV The Company and ACAM are exploring options for a uranium-focused JV over POW’s entire uranium licence portfolio. The Group have entered an eight-week exclusivity period. ACAM is set to make an initial equity investment of £10m into the Uranium subsidiary for a 70% majority interest. The agreement also suggests POW may receive an additional cash payment of £4m, on a sale transaction by ACAM. The funding would provide at least five drilling programmes. If the JV agreement is signed, POW expects to cancel its Uranium Energy Exploration IPO, paying the £500k fee cost through the note proceeds. They expect to use the remaining note proceeds for general corporate purposes. Conclusion: Today’s announcement is an exciting development for POW as they continue to execute on their portfolio value crystallisation strategy. The Subscription Agreement reinforces the balance sheet with cash and further upside from warrants. The Joint Venture agreement, however, provides POW with the opportunity to well-financed exploration, including a minimum of five ‘high impact drilling programmes’ at their highly prospective Athabasca Basin uranium licence portfolio. We look forward to further updates from the JV discussions. *SP Angel acts as Nomad and Broker for Power Metal Resources |
Posted at 21/5/2024 23:33 by 888icb Investors should not underestimate the importance of yesterday’s RNS:“ Completed Acquisition - Strategic Metals Extraction Power Metal becomes 75% owners of GSA (Environmental) Limited Power Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London-listed exploration company seeking large-scale metal discoveries across its global project portfolio, is pleased to announce the completion of the acquisition of 75% of the Issued Share Capital ("ISC") of GSA (Environmental) Limited ("GSAe") initially announced on 29 February 2024. Following successful completion of due diligence and customary pre-conditions, all parties have executed on the Share Purchase Agreement (the "Agreement") making Power Metal 75% owners of GSAe. GSAe is a privately owned UK-headquartered engineering technology provider and process licensor, which specialises in the extraction of critical and strategic metals from 'secondary sources' including power station ash, refinery waste, titanium dioxide waste and spent catalysts focused on creating a suite of by products rather than industrial waste. GSAe aspires to be the first-choice global provider of technological solutions to environmental problems posed by toxic metals in waste products. Sean Wade, Chief Executive Officer of Power Metal Resources plc, commented: "I am delighted to announce the completion of this seminal transaction for Power Metal. We have very exciting plans for this business and are looking forward to updating shareholders soon on contract signings and progress towards a significant revenue contribution to the Power Metal portfolio." GSAe is profitable business in an area that has enormous scope for growth. Extracting critical and strategic metals from waste is obviously doing a great job for the environment but should be very profitable because they have not got the timescale or cost of mining as the waste material is already there. I suggest you research JLP which has been doing this for sometime with Chrome, Platinum group metals and is currently ramping up its copper production just as copper reaches all time highs. I would not be at all surprised if JLP was part of the inspiration for POW doing the deal. |
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