Power Metal Resources Share Discussion Threads

[lookingforhelp] 06/5/2024 14:13

What about First Development Resources ? Is anything actually happening with that thing ?

[noirua] 03/5/2024 15:06

Slipology appears to have set in at Power Metal. In the last Podcast, the CEO was unconvincing and not open to failings as much as prospective success is concerned.
The hoped-for appears grandiose but cash piling somewhat out of reach, depending on what you believe or hope for.

[noirua] 02/5/2024 14:58

• Apr 11, 2024 -
The law of supply and demand determines commodity prices. Currently, the uranium market is undersupplied, just as more nuclear reactors requiring fuel are being brought online.
Some reports suggest the market will remain in structural undersupply for more than a decade.
It’s one thing for an underlying commodity to rally. Where the rubber meets the road for investors, however, is in equities.
In that vein, we engaged Rick Squire from Acorn Capital and John Forwood from Lowell Resources to discuss the risks and opportunities in uranium.
They also share a couple of stocks that appear overpriced, as well as four names they would buy today.

[kemche] 01/5/2024 11:10

Another is that Rick Rule is all over this.

[noirua] 01/5/2024 09:57

Power Metal shares are now at the equivalent of 0.65p - 0.675p against a low of 0.5p last year - before consolidation. The reason, or at least one, is lack of profits and high expenditure, including overheads. Another is no visible nickel reported at Molopo Farms.
The success of GMET is offset by the failure of FCM.

[888icb] 01/5/2024 08:43

RNS from GMET this morning:
“ Pilot Mountain - Porphyry Target Confirmed

Geophysical Results Highlight Strong Magnetic High Anomaly Confirming Porphyry Potential

Golden Metal Resources plc (LON:GMET, OTCQB:GMTLF), a strategic development and mineral exploration company focused in Nevada, USA, is pleased to announce an exploration update at the Company's 100% owned flagship Pilot Mountain Project ("Pilot Mountain" or the "Project") located within the prolific Walker Lake Mineral Belt in Nevada, USA.
During the planned upcoming drilling campaign, the Company will be testing the 'Porphyry South' target with at least one drillhole.

Oliver Friesen, CEO of Golden Metal, commented:

"When we first conducted the Pilot Mountain Project due diligence, prior to acquiring it in August 2021, we were drawn to the possibility of finding a porphyry system which could be causative of the strong skarn-type mineralisation mapped at surface.

"The new magnetic geophysics results are highly encouraging, bolstering the findings of our previous IP survey over the Project's Porphyry South area. The juxtaposition of the magnetic and IP survey anomalies strongly support the need to drill test this promising porphyry style target.

"As we move quickly towards the start of the Pilot Mountain drilling programme, the 3D inversion modelling results will assist us in refining the strike and dip of the planned 'Porphyry South' drillhole for maximum impact.

"We very much look forward to finally drill testing this exciting target, which is just one of many others on our 100% owned flagship asset."

[rainyrain] 25/4/2024 06:50

Hey you never know, if Molopo hits another what can reasonably be described as a duster, some geophysics survey may clip what could possibly be described as a potential mega super hyper next level priority super class A conductor!

[noirua] 23/4/2024 12:10

Mudstone contains different mineral content, such as Feldspar, Micas, Pyrite, Quartz Biotite, Chlorite, Plagioclase, Muscovite or Illites, and so on. The chemical compound content of mudstone is Aluminium Oxide, NaCl, CaO, Iron (III) Oxide, Silicon Dioxide, and so on.

Carboniferous mudstone and siltstone usually provide good foundation conditions, although, when fully weathered, the mudstone becomes firm to stiff clay. Since this weathered material has a lower bearing capacity than unweathered rock, it may be necessary to place foundations below the weathered zone.

----

Power Metal has not said there is visible nickel and this is disappointing at Molopo Farms.

[888icb] 23/4/2024 07:54

RNS
“ Molopo Farms Complex, Botswana - Drilling Update

Power Metal Resources PLC (AIM:POW), the London-listed exploration company with a global project portfolio, is pleased to announce the successful completion of the drillhole DDH1-14C at its Molopo Farms Complex Project ("Molopo Farms"), where the Company is targeting a district-scale nickel and platinum group element ("PGE") discovery in southwestern Botswana.
DRILLING UPDATE
· Diamond core drillhole DDH1-14C has completed to a final depth of 832.6 metres ("m"), with the successful intersection of the targeted steeply dipping geophysical superconductor at high priority Molopo Farms Target Area T1-14.

· Geophysical superconductor is interpreted to be a sulphide mineralised carbonaceous mudstone unit between 760.5 - 813m downhole depth and from 828.4m - 832.6m (end of hole) where it remains open at depth.

· The mineralised carbonaceous mudstone contains abundant pyrrhotite-quartz-calcite veining and localised sulphide dominated veins of what appears to be pyrrhotite (Figure 1). Further mostly vein-hosted sulphides are present throughout the intervals including dominantly pyrite.

· With the drillhole complete, the in-country geological team will now select samples from the intervals for certified laboratory multielement and PGE assay testing, with the assay results expected in the coming months.”

[kemche] 22/4/2024 09:42

Rick Rule all over this now.

[888icb] 22/4/2024 07:52

GMET RNS Pilot Mountain Drilling Permit Issued
“ Oliver Friesen, CEO of Golden Metal, commented:

"A huge thanks to everyone on the team for all of the hard work that has gone into finalising preparations for this exciting drilling campaign. So much existing knowledge is held by those who have been involved with the Project previously, and we are thrilled that so many were interested in getting involved again as we look to rapidly grow and advance the Project given the USA's very pressing need for a domestic source of tungsten. We believe the importance and criticality of this Project is nearing all-time highs, and with this drilling programme we aim to both increase in-ground resources and collect import data which will be required in order for us to complete the Project's first economic study, further details of which we will announce in due course. I am very much looking forward to an exciting and news-rich spring and summer for Golden Metal."

[888icb] 22/4/2024 00:10

The Sunday Roast podcast had as its guests Paul Johnson the former CEO before Shaun who remains a large shareholder with 3.7% and Charles Archer who has written reports on POW. There is a lot of very positive talk about POW and GMET particularly how undervalued they both are. It’s a long podcast which doesn’t just discuss POW and GMET but worth a listen as obviously Paul Johnson has some interesting insights having been involved with POW from the beginning.

[888icb] 10/4/2024 12:17

Up 6.45% so far in response to todays RNS about the US Listing:
“ Power Metal Resources plc (AIM:POW, OTCQB:POWMD), the London listed exploration company with a global project portfolio, is pleased to announce that its ordinary shares of 2 pence each ("Ordinary Shares") have been approved to trade on the OTCQB Venture Market ("OTCQB") in the United States ("U.S.") and will commence trading on 10th April 2024, initially under the symbol "POWMD" before reverting back to "POWMF" on or around 23rd April 2024.

Trading of the Company's Ordinary Shares on AIM will continue under the symbol "POW", and no new Ordinary Shares have been issued through this process. The Company will continue to make all announcements and disclosures to the London Stock Exchange through the Regulatory News Service and is not subject to any Sarbanes-Oxley or U.S. Securities and Exchange Commission reporting requirements.”
It will be interesting to see what happens when the US Market opens this afternoon.

[kemche] 04/4/2024 11:45

Gold, copper, platinum going through the roof!

[888icb] 03/4/2024 09:26

Positive article below regarding POW:

hxxps://www.crown.co.za/modern-mining/industry-news/27985-how-power-metal-resources-is-crystallising-value-across-its-portfolio

[888icb] 02/4/2024 18:59

A positive start to April with the consolidation done and dusted. Up 6.9% to 15.5p on volume of 350000. The CEO is appearing at a live event in London on Thursday. POW is very good at providing regular news flow so I will be surprised if we don’t get some news in the next couple of days as Sean will want to have something new to talk about.
GMET was UP 7.9% day which no doubt helped POW’s rise due to POW owning 61% of GMET. I am looking forward to continuing strong news flow from POW and its spun off companies which should lead to a rerate.

[noirua] 31/3/2024 11:04

Metal Spot Price Charts
Uranium Price (USD / Pound) Chart for the Last 3 Months

[noirua] 31/3/2024 10:59

It needs a lot of research into mothballed Uranium mines to see what the real picture is.
January 24, 2024 - McClean Lake uranium mine in Canada to resume production​

Operations at McClean Lake, owned by the namesake JV (MLJV) in which Orano is the operator and has a 77.5% stake, were suspended in 2008 in response to weak uranium prices.

[spangle93] 28/3/2024 13:56

Sean presenting in person next Thursday evening in Mayfair, London

[terminator101] 28/3/2024 06:05

"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.

[888icb] 26/3/2024 08:16

POW Up 16% on the announcement of its first deal in Saudi Arabia.

[noirua] 26/3/2024 08:10

It looks as if Power Metal is deliberately rowing against the tide with their Saudi buy-in agreement notified today. The IPO of the Canadian Uranium tenements would bring in much-needed cash but I'm unsure of the eventual outcome here in selling some interests to fund another whilst trying to avoid a placing.

Saudi Arabia has sufficient funds itself and I wonder why they would choose a buy-in process with a Banking-led small mining exploration outfit.

[888icb] 25/3/2024 12:40

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.”