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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
|
|
|---|---|---|---|---|
| -0.50 | -3.33% | 14.50 | 11:45:56 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 15.00 | 14.50 | 15.00 | 14.50 | 15.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 28/3/2024 06:05 by terminator101 "We are witnessing the birth of a potential juggernaut in POW."With quality research like this what's not to like huhBut aren't these the same crowd that have been scamming investors for years and who keep changing the name to protect the guilty? Consolidation only ever means one thing and it's never good for retail. |
Posted at 25/3/2024 12:40 by 888icb RNS today relating to the Uranium assets:“ Power Metal Resources PLC (AIM:POW), the London listed exploration company with a global project portfolio is pleased to provide an update on the planned IPO of a number of its uranium interests using Uranium Energy Exploration plc (UEE) as a vehicle to achieve an admission to AIM. Sean Wade, Chief Executive Officer of Power Metal Resources PLC commented: "The marketing process for the planned IPO of UEE continues to attract significant interest from a range of investors, including institutional investors, HNWs and retail investors in the UK and elsewhere, including a potential cornerstone investor. However, a number of significant potential strategic investors have indicated their preference for alternative deal structures which may include a different combination of assets, or an enlarged asset set with an enhanced business model. The Board of Power Metal is therefore considering, from its point of view, all options and will revert in due course on the progress of those discussions and how this would affect the proposed IPO of UEE both in terms of timing and structure." Shareholders should note that there can be no certainty that any transaction will be completed with POW's uranium interests. Shareholders should also note that Sean Wade is a director of both Power Metal and UEE.” |
Posted at 12/3/2024 08:04 by 888icb Good RNS this morning regarding progress in Saudi Arabia:“ Highlights: · Memorandum of Understanding ("MoU") signed with Ministry of Investment of the Kingdom of Saudi Arabia ("MISA") at Future Minerals Forum, as announced on 12 January 2024 · Power Arabia has been established to encompass all of POW's activities across the Arabian Gulf (the "region"). This could also include projects outside the Gulf in joint venture with entities domiciled within the region · Several binding MoUs for potential joint ventures on existing exploration licences are currently in the final stage of negotiation and, assuming execution of one or more of these, initial groundwork is expected to commence in April, after Ramadan and Eid al-Fitr. · Power Arabia is currently undergoing a pre-IPO financing round to fund activities in the region with a view to a listing on the London capital markets in due course · Conversations are progressing with investors, both from the Gulf and internationally, who have indicated significant interest in a regionally focused investment vehicle” |
Posted at 02/3/2024 05:56 by fluffchucker1 The consolidation is mainly in prep for the US listing which makes perfect sense given the NA assets of FCM and particularly GMET. The UK investor audience for AIM listed junior mining companies is tiny (and shrinking). Investors penalised POW today for preparing to make their shares accessible to a massive pool of USD base investors who may want a piece of GMET,FCM and POW's other assets. Crazy!!POW with it's innovative approach puts most of the rest of the AIM listed miners to shame. I am buying here in the sales!! |
Posted at 01/3/2024 10:51 by noirua An increased share price would look better as far as United States investors in Power Metal are concerned though a quotation on NASDAQ would be far better but the process is quite expensive.UK investors on AIM have seen very many consolidations in the past that just give the share price a chance to fall further which so often has been proved to be the case. Paying for a new asset in shares means the company is running down its cash so be on guard. Financier Rick Rule has put in cash but would the 'Sage of Omaha'? |
Posted at 01/2/2024 08:10 by apotheki Sean Wade, Chief Executive Officer of Power Metal Resources, commented:"Power Metal is highly active in its exploration and corporate activities and we expect to announce further important news from across our varied business interests in the near term. Corporately, we have been seeking to augment our shareholder register with strategic high net worth and institutional investors, to further strengthen the ownership of the Company and achieve a greater proportion of the Company's shares in the hands of long term investors. This process, started in May 2023 with the involvement of Rick Rule's investing vehicle, continues with this announcement today, with the Financing cornerstoned by UK-based high net worth investors and, for the first time, a strategic Saudi Arabian investor. Importantly, we are also demonstrating the Company's ability to secure funds from new sources, giving our shareholders confidence in the ability of the Company to robustly finance its ambitious plans." |
Posted at 01/2/2024 07:56 by maccamcd new holding for me.Reasons were: Uranium Gold Saudi investor and follow on opportunities in their opening up mining jurisdiction. GLA |
Posted at 06/11/2023 14:12 by apotheki Power Metal still likes Kavango but sells all shares back to execs(Alliance News) - Power Metal Resources PLC on Monday said it sold its entire holding of 69.5 million shares in Kavango Resources PLC, but stressed that this "does not reflect any negative view" of the company. Kavango is a metals exploration company with assets in Botswana and Zimbabwe, while Power Metal is focused on North America, Africa and Australia. On Friday, Kavango's Chief Executive Officer Ben Turney purchased 6.3 million shares for 0.8 pence each for GBP50,000 in total. At the same time, Non-Executive Director Peter Bee acquired 63.3 million shares for the same price, totalling GBP506,000. On Monday afternoon in London, Kavango shares were up 6.3% at 0.85p each. Power Metal shares were down 2.4% at 0.61p. Power Metal raised GBP556,000 in cash for this disposal of its shares in Kavango to bolster its cash reserves and fund its "high impact exploration initiatives". Power Metal said it has retained 60.0 million warrants to subscribe for new shares in Kavango, which will expire on January 8, 2025. Of these, 30.0 million have an exercise price of 4.25p each while the other 30.0 million are priced at 5.5p each. It also holds a 1% net smelter return royalty respecting the project licence footprint in the Kalahari Copper Belt and the Ditau Camp projects it and Kavango previously held in joint venture. Chief Executive Officer Sean Wade reassured investors: "Whilst we would describe our holding in Kavango as non-core our disposal does not reflect any negative view of their business or their ambitions and we wish them well in their endeavours. "Our priority however is deploying financial resources into Power Metal core projects whilst also streamlining the diverse interests of the company and demonstrating our ability to raise cash for operations through means other than equity financings which dilute investor holdings." Wade continued: "The funds raised will add to our significant existing cash balances and will be utilised for accelerated exploration, including drilling of certain high impact retained exploration projects targeting large-scale metal discoveries." |
Posted at 03/11/2023 21:44 by noirua Nov 1, 2023 #POW #stockmarket #stocksPower Metal Resources PLC (AIM:POW) CEO Sean Wade speaks to Thomas Warner from Proactive from the New Orleans Investment Conference, where he'll be busy this week drumming up fresh interest in the metals exploration company. Wade explains that his attendance at the conference is a natural follow-on from the investment made in the business by Rick Rule earlier this year. Wade sheds light on the company's areas of focus, spotlighting the Athabasca uranium portfolio and the Molopo Farms and Tati Projects in Botswana. He also touches on their "merchant banking" model, which involves creating public companies from within their portfolio. Wade also discusses the company's expansion into Saudi Arabia and Oman, underlining their pursuit of exploration opportunities and building investment partnerships. He says recent trips to the region have resulted in promising relationships across government, business, and investment sectors. The interview concludes with exciting news about the company’s plans for a US OTC listing, aiming to provide easier trading options for US investors and boosting stock liquidity. |
Posted at 15/8/2023 11:54 by noirua Investors look at Power and their new directors wondering if leaning toward the United States and Saudi Arabia is too much to chew. Also where to go now with the sleeping assets and descending value of FCM, GMET, KAV, and KAT? Sell the lot maybe for foreign punts or hope and pray KAV and KAT find something at last. The winter of small cap. explorers go on and on. It will end but most will have sold up and taken a loss allowing the newbies and big investors to pick up the spoils in the next mining runup.Surprising I think the earliest uncertain stages of recovery have begun but they will not be seen as an opportunity until the train has left the station and is well on its way - can you hold on long enough? |
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