Power Metal Resources Share Discussion Threads

[algernon2] 11/9/2024 20:02

That sounds like a "riddle" Bukowski. Is the answer a fish?

[bukowski750] 11/9/2024 18:16

Can a Uranium company with no Uranium be called a Uranium company?

[888icb] 11/9/2024 16:52

This should be positive for Uranium companies based in North America:
“ Putin proposed to consider limiting the export of uranium, titanium and
nickel
윳
TASS/ Ruptly
тас;с
You just need to do nothing to do to the detriment, the president said. NOVO-GAREVO, September 11. /TASS/. Russia may limit the supply of some strategic raw materials to foreign markets, such as uranium, titanium or nickel, but not to the detriment of itself. The Russian President Vladimir Putin instructed to consider this issue at a
meeting with the government.”

[jamboexpress] 11/9/2024 06:19

Interesting RNS
Looking like a major rerate on the cards

[noirua] 10/9/2024 11:00

AMAK Mining Company, Saudi Arabia.

[noirua] 10/9/2024 09:36

Al Masane Al Kobra Mining Company (AMAK) to enter into a binding agreement for Power Metal
to spend US$3,000,000 to earn a 49% stake in the Qatan exploration licence in Saudi Arabia.

The Agreement marks a major milestone in our expansion into the Arabian Shield. By combining
AMAK’s local expertise with our technical team’s capabilities, we aim to unlock the full potential
of this promising region.

We’re eager to begin work at Qatan and believe this partnership will create significant value for
both Power Metal and AMAK.

A formal and legally binding agreement is expected to be executed by the Parties within 90 days
of executing the LOI.

[noirua] 06/9/2024 19:01

Weekend Listening - includes Power Metal
Sep 1, 2024
The episode features a special interview with Rick Rule, a renowned investor and founder of
Rule Investment Media, known for his deep expertise in the mining and resources sector.
The hosts and Rick explore and analyse several companies in the mining and resources
industry, such as Sovereign Metals, Power Metals, and Guardian Metals. In addition to sharing
his expertise, Rick highlights his commitment to helping investors by inviting them to visit
ruleinvestmentmedia.com, where they can list their resource stocks for a free ranking from
1 to 10, with 1 being the best and 10 the worst. Listeners will enjoy the blend of serious market
analysis and the hosts' casual, humorous banter.

[noirua] 29/8/2024 10:48

Moving Assets Up The Value Curve | Power Metal Resources Plc.
July 22, 2024

Jul 22, 2024 #Mining #Exploration #GoldNewsletter
Kai Hoffmann is joined by Sean Wade, CEO of Power Metal Resources Plc. (AIM: POW), to discuss
this London-listed metals exploration and development company, which operates under a project
incubator model. Power Metal's unique business approach focuses on moving assets up the value
curve and then crystallising the value created.
---

[888icb] 27/8/2024 09:25

RNS Uranium JV
“Further to the Company's announcements dated 3 June 2024 and 26 July 2024, advisors to ACAM have confirmed that they have substantially completed their due diligence in relation to the proposed transaction, and the definitive legal documentation to the Joint Venture is in advanced form, with all commercial terms as previously announced. The Parties are, however, still working together to complete the Joint Venture and the closing of the transaction. Accordingly, the Parties have agreed to extend the period of exclusivity for the transaction to 13 September 2024.

Whilst no guarantee of completion can be provided, the Parties fully expect completion within that period and the Company will update shareholders in due course.”

This is very close to completion and the further 2 week extension is no doubt due to August being the big holiday month. Legal transactions always slow down in August so nothing to be concerned about

[noirua] 23/8/2024 12:23

Additional HoT terms

The 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.

[noirua] 23/8/2024 08:31

RNS - 23 August 2024

Red Rock Resources Plc, the natural resource development company with interests in gold and
base metals, principally in Africa and Australia, announces an extension to the term of its 12%
Convertible Notes ("Notes"), and that an offer has been received in respect of its interest in Red
Rock Resources Australasia Ltd ("RRAL").

-----

Power Metal has certain clauses in the sale of NBGC interest to Red Rock on
an offer being received by Red Rock for NBGC (RRAL).

-----

8.) NEW BALLARAT GOLD Corporation PLC NBGC - AUSTRALIA - ( which owns
100% of RRAL) is a joint venture company 50.1% owned by Red Rock Resources plc
and 49.9% owned by Power Metal Resources.

March 13, 2024 - Disposal of Victoria Goldfields Joint Venture Interest
Heads of Agreement Signed for Disposal of Interest to JV Partner
Power Metal Resources PLC (AIM:POW), the London listed exploration company with
a global project portfolio, announces the signing of a Heads of Terms Agreement ("HoT"
or the "Agreement") to conditionally dispose of the Company's entire 49.9% interest in
New Ballarat Gold Corporation plc ("NBGC") (the "Transaction") which wholly owns
Red Rock Australasia Pty Limited ("RRAL"), the local operating company holding
exploration interests in the Victoria Goldfields, Australia and in South Australia.

[888icb] 22/8/2024 08:28

POW moving higher
POW moving Up 3.62% to 17.875p on volume of 137000. GMET has moved up again on another drilling RNS and news is expected on the Uranium project by tomorrow. All of POW’s market cap is covered by its holding in GMET so everything else is effectively in for free. A successful conclusion to the Uranium JV should give a big boost to POW.

[bukowski750] 22/8/2024 08:08

What was significant about the RNS ? Apart from the seemingly obligatory use of the word significant?

[888icb] 22/8/2024 07:37

GMET is now 37.5p following another significant drilling RNS. Someone has just paid 39p. You will need to amend your calculations of GMET’s market cap!

[nigelpm] 22/8/2024 07:24

I think I'm right in saying that pow now valued equal to its stake in guardian metal resources.

[noirua] 22/8/2024 07:24

GMET holding - Power Metal holding is 48.84%.- 53,998,159 shares.

53,999,159 x £0.36p = £19,439,697

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules,
the Company hereby announces that as at 31 May 2024, there were 111,183,774
ordinary shares of 2 pence each in issue, none of which are held in treasury. Therefore, the total
number of voting rights in the Company is 111,183,774 and at 17.5p the market cap is

POW M/C = £19,457,160

[888icb] 06/8/2024 11:09

GMET started to recover yesterday’s fall from the opening bell and is now up 5%. POW which had a larger fall yesterday has taken a little longer but has now started to recover up 3%. As the markets settle let’s hope some news on the Uranium and/or Saudi lands to give a much needed boost. Last week the CEO of GMET said he hoped to issue an RNS on analysis of the first 2 Pilot Mountain drills during this week. He also mentioned that they were drilling 24/7 so may be an update on the drilling programme as well.

[bukowski750] 02/8/2024 16:18

If their business model is crystallising value, when have they done this in the past? I'm not well researched here m8.Is 'Crystallising value' a trendy way of saying making money? Bit bamboozled by the hip and trendy business model here fellas, and how they are actually gonna make money like innit.

[bukowski750] 02/8/2024 14:57

Having researched tungsten mining recently, I can't see gmet's project having good economics. I doubt it will get a feasibility on it, but if it does, I fear for the IRR !So imho POW should sell their shares in gmet if possible!This is entirely my personal and humble opinion and not investment advice!

[noirua] 01/8/2024 22:46

FCM First Class Metals:

[noirua] 01/8/2024 20:52

POWMF finished trading at 30c 23.5p and a low of 29.5c 23p in very light trading.

[kemche] 31/7/2024 18:40

We need Rick Rule ASAP.

[888icb] 31/7/2024 17:40

It makes no sense that in the last 3 months GMET of which POW owns 48.8% has gone up 133% but POW has gone up just 28.7%. I feel sure the value of GMET will realised at some point even if that involves say selling 10% of their holding to a strategic investor or a mining company that wants to get involved with developing GMET’s projects to production. Happy to be invested I both but the share price performance of POW currently is frustrating.

[noirua] 31/7/2024 17:06

There have been some trades in POWMF presently at 20c 15.6p. The highest trade was 27c 21p.

Power Metal holding is 48.84% in GMET.- 53,998,159 shares. At 35p a share = £18.9 million.

Power Metal market cap at 17.25p = £19.18 million.

I could try to explain why this is but I doubt I would get all that far.