Power Metal Resources Share Discussion Threads

[noirua] 07/12/2023 14:37

POW shares are within a tad of the issue price at 0.5p a share as African Battery Metals Plc in August 2018. The lowest price of Power Metal was 0.21p in April 2020. The highest closing price as Power Metal was 3.1p in January 2021. Since then the shares have fallen 85% - Red Rock Resources have fallen 88%, Kavango 91% and Katoro 97%.

[walter walcarpets] 07/12/2023 14:10

Will this help POW?

[kemche] 07/12/2023 12:26

Seems like an idea.

[noirua] 07/12/2023 11:44

Would Nexgen TSXV:ISO be interested in Uranium Tenements held by Power Metal in Saskatchewan?
Rook1 - The Saskatchewan government approved the project's environmental assessment, green lighting the development of Rook I. "NexGen is the first company in more than 20 years to receive full Provincial Environmental Assessment approval for a uranium project in Saskatchewan," states a press release.

Badger Lake - September 26, 2023

The Badger Lake Uranium Project covers an area of 16.71km2 within the prolific Athabasca Basin and is surrounded by ground held by major uranium operators and explorers including Orano SA, Hathor Exploration (owned by Rio Tinto; LSE: RIO) and NexGen Energy Ltd (TSX: NXE).

The property is located 30km east from the Patterson Lake Trend which hosts such deposits as Fission Uranium's Triple R Project (reported Mineral Resource of 2.69 Mt @ 1.94% U3O8 Indicated) and Nexgen's Arrow Project (reported Mineral Resource of 3.754 Mt @ 3.1% U3O8 Measured & Indicated and 4.399Mt @ 0.83 U3O8 Inferred).

A private maintained road runs through Badger Lake, providing easy access for future field and drilling campaigns.


---------------

Maybe Badger Lake will cause Nexgen to approach Power Metal if they have not already done so?

[kemche] 07/12/2023 11:29

It's all about the understanding now.

[noirua] 07/12/2023 10:30

To develop the Company's understanding of the Selta Project, FDR commissioned an Australian-based consultancy to complete a high-level geophysical and geographical information system ("GIS") based desktop study ("the Study") on the Selta Project's mineral exploration potential and prospectivity to further develop target areas for follow-up field inspection on completion of the planned FDR initial public offering ("IPO"). The Study has now been received and the findings are reported below.


I've edged my holding in POW up slightly to 1.5m shares as I watch events patiently. A case of buy with grasping fingers but not open arms as yet.

[kemche] 07/12/2023 00:48

You just have to read the desperate tweets from pj to know that this is a whoosher.

[soulsauce] 06/12/2023 19:59

Yes all needing money and a raise at this share price will kill any chance of long termers to make a decent return.

[kemche] 06/12/2023 18:24

If the uranium doesn't work then ther are many other plates to spin.

[dixie normus] 06/12/2023 18:08

If the Uranium doesn't work out, at least they may have some high grade moose pasture! Being kind to animals is important!

[soulsauce] 06/12/2023 17:58

Too many shares issued into a poor market this year with multiple levels of warrants loaded on top and a previous Ceo that was betting too soon on a turn for the juniors.
Hopefully Sean W can turn it around but he has his work cut out and I am not sure there will be anything coming quickly enough from his chosen project, Uranium.

[flughafen17] 06/12/2023 17:46

Too many long lead time projects, not enough money, IPO model outdated no longer appeals, add to the mix a swathe of stale bulls looking for exit as soon as the bid strengthens.

[kemche] 06/12/2023 12:49

It's all about Rick Rule now.

[firestarter1] 06/12/2023 12:43

This dog has never ever performed Just keeps going down No one is interested

[noirua] 06/12/2023 10:01

I doubt Power Metal would want to pay cash for Red Rock's holding of NBGC at the moment with drilling coming up next year at Molopo Farms and ongoing work on Uranium interests. Red Rock needs cash and if they were given Power Metal shares they would sell them as they have done before.

[noirua] 04/12/2023 00:10

The gold price is now over $2,100 and should push the NBGC interest back into play.

[goldenshread] 28/11/2023 05:58

I have been reviewing POW as a possible proposition but have many reservations.

The majority owners of New Ballarat are Red Rock, I seem to remember a online event 2 summers ago where their CEO suggested these licences could be IPO for around £20m on the ASX, it never happened.

So 2.5 years down the line the project lies dormant, if these licences are so valuable then why does POW not buy the Red Rock stake and progress the opportunity if RR are unwilling.

POW has too many long timeline projects with no real balance sheet strength to progress them that's why, their equity stakes cannot be sold easily without destroying underlying value due to liquidity restraint.

The cost of retaining the NB licence package is $200k pa BTW.

[kemche] 27/11/2023 23:27

"They need to deliver a knockout value event which proves they can monetise a project for real hard cash not totally illiquid shares."

God no. That would give the game away.

[noirua] 27/11/2023 16:28

Uranium’s on a bull run, and ASX miners are climbing.

Jonathon Davidson
[e-mail]
24 November 2023 11:52(AEDT)

[noirua] 24/11/2023 11:17

The cash raising at 6p a share by First Class Metals FCM has shaken Power Metal's share price advertising the continuing vulnerability of explorers.

[noirua] 16/11/2023 23:53

Some slight improvement in Power shares today but 0.675p a share is embarrassingly low with the company having large interests in Uranium in safe America.

[noirua] 12/11/2023 13:03

October 2023 - Power Metal Resources Plan to Get Actively Drilling Again at Molopo #Nickel #pow

[noirua] 07/11/2023 21:11

GOLD/COPPER TARGETS. URANIUM, LITHIUM, and RARE EARTHS
8.). FIRST DEVELOPMENT Resources FDR - AUSTRALIA -
First Development Resources FDR Power Metal currently holds 38,605,697 shares or 58.59% of shares currently issued. The company is near completion of financing with an expected IPO in 2023.

• FDR owns three highly prospective copper-gold projects – Wallal, Braeside West and Ripon Hills – in the Paterson Province of Western Australia and; • The Selta Project in the Northern Territory. Selta is located in an area considered highly prospective for uranium and rare-earth element mineralisation with potential for lithium, gold, and base-metal occurrences.
In the Northern Territory, FDR has 100% ownership of the Selta Project. Selta is located in an area considered highly prospective for uranium and rare-earth element mineralisation.
Website -
News -
October 27, 2022 - FDR approved for drilling

December 6, 2022 - FDR on the lithium trail to listing


First Development Resources FDR - PRESENTATION - OCTOBER 2023