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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Power Metal Resources Plc | LSE:POW | London | Ordinary Share | GB00BMFSSJ73 | ORD 2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.125 | -0.88% | 14.125 | 12,500 | 09:06:41 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 13.75 | 14.50 | 14.25 | 14.00 | 14.25 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 78k | -1.1M | -0.0099 | -14.39 | 15.84M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:06:37 | O | 11,000 | 14.1975 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 11/12/2024 | 07:00 | UK RNS | Power Metal Resources PLC Update on RRR Agreement |
| 11/12/2024 | 07:00 | UK RNS | Power Metal Resources PLC Fermi Exploration: Acquisition of Pardoe |
| 09/12/2024 | 13:58 | UK RNS | Power Metal Resources PLC Letter of Intent signed with AMAK Update |
| 02/12/2024 | 07:00 | UK RNS | Power Metal Resources PLC Uranium JV Renamed & Exploration Update |
| 21/11/2024 | 07:00 | UK RNS | Power Metal Resources PLC Technical Overview of Drake Lake–Silas Project |
| 15/11/2024 | 12:45 | UK RNS | Power Metal Resources PLC Director Dealing |
| 14/11/2024 | 14:54 | UK RNS | Power Metal Resources PLC Grant of Director, Management and Staff Options |
| 14/11/2024 | 07:00 | UK RNS | Power Metal Resources PLC Perch River – Significant Uranium Target Outlined |
| 13/11/2024 | 07:00 | UK RNS | Power Metal Resources PLC Uranium-Focused Joint Venture – Exploration.. |
| 31/10/2024 | 16:30 | UK RNS | Power Metal Resources PLC Total Voting Rights |
Power Metal Resources (POW) Share Charts1 Year Power Metal Resources Chart |
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1 Month Power Metal Resources Chart |
Intraday Power Metal Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/12/2024 | 08:51 | POWER METAL RESOURCES PLC | 2,825 |
| 12/9/2023 | 06:37 | why maestro has plunged into POWER METAL RESOURCES | 1 |
| 24/12/2021 | 08:47 | POWER METAL RESOURCES PLC | 44 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 09:06:37 | 14.20 | 11,000 | 1,561.73 | O |
| 08:53:46 | 14.24 | 1,500 | 213.60 | O |
| 2024-12-10 15:50:01 | 14.00 | 252 | 35.28 | O |
| 2024-12-10 15:47:03 | 14.00 | 100,000 | 14,000.00 | O |
| 2024-12-10 15:46:59 | 14.00 | 100,000 | 14,000.00 | O |
| Top Posts |
|---|
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 22/7/2024 14:37 by noirua Unfortunately, the POW share price has slipped back to 17.5p (0.875p) despite GMET retainingits high ground and FCM recovering. Interest from America, well there is none sadly. Power needs to assure markets it can complete deals in Canada and Saudi Arabia. Words are easy and the market appears unconvinced. |
Posted at 19/7/2024 10:00 by 888icb FCM after a 12% rise yesterday are Up 34.5% today. POW have a 23% stake so a reaction in the POW share price may be possible as the day progresses. |
Posted at 13/6/2024 10:06 by noirua NBGC ( RRAL ).The Consideration The Consideration of up to £1,500,000 is payable as follows: - Upon Completion, £250,000 in convertible loan notes ("CLNs") with a conversion price equal to the price of any placement of new ordinary shares of RRR raising proceeds of over £200,000. Should conversion not be undertaken within 6 months of the HoT date, the CLNs of £250,000 are repayable immediately as cash. - Upon RRR shareholder approval for this item within the Consideration, £250,000 payable through the issue of 166,666,667 RRR new ordinary shares ("RRR Shares") at a price of 0.15 pence per Share (or by cash at RRR's election) and 166,666,667 warrants to subscribe for RRR Shares each exercisable into one new RRR Share at a price of 0.25p and exercisable during a period expiring 3 years after the date of their issue. - £250,000 payable in cash two months after Completion. - £250,000 payable in cash nine months after Completion or, at RRR's election, through the issue of RRR Shares equal to the value of £250,000, the price of which to be calculated by reference to the last 10 trading days' volume-weighted average price ("VWAP") immediately prior to the date nine months after Completion, provided that if RRR Shares are issued then accompanying warrants with a three year life to expiry and each converting into one RRR Share at a 50% premium to the price of issue of the RRR Shares will also be issued on the basis of one warrant for every two RRR Shares issued. - £250,000 payable on an announcement by RRR via a regulatory news service, or a declaration by a Qualified or Competent person (as those terms are defined in the AIM Note for Mining Companies), of a 20,000 oz gold or gold equivalent JORC Resource according to the JORC 2012 Code (or any applicable similar standard or replacement JORC standard) from within the boundaries of the current licence area. The £250,000 is payable in cash or at RRR's election, through the issue of RRR shares to the value of £250,000, calculated by reference to the last 10 trading days' VWAP immediately prior to the trigger for this payment, provided that if RRR Shares are issued then accompanying warrants with a three year life to expiry and each converting into one RRR Share at a 50% premium to the price of issue of the RRR Shares will also be issued on the basis of one warrant for every two RRR Shares issued. - £250,000 payable on an announcement by RRR via a regulatory news service, or a declaration by a Qualified or Competent person (as those terms are defined in the AIM Note for Mining Companies), of a 200,000 oz gold or gold equivalent JORC Resource according to the JORC 2012 Code (or any applicable similar standard or replacement JORC standard) from within the boundaries of the current licence area. The £250,000 is payable in cash or at RRR's election, through the issue of RRR shares to the value of £250,000, calculated by reference to the last 10 trading days' VWAP immediately prior to the trigger for this payment, provided that if RRR Shares are issued then accompanying warrants with a three year life to expiry and each converting into one RRR Share at a 50% premium to the price of issue of the RRR Shares will also be issued on the basis of one warrant for every two RRR Shares issued. |
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 28/5/2024 07:32 by 888icb From the 18th October 2022 Quarterly Business Update:“ The Wilan Project (previous name Gawler Project) is held within Power Metal Resources Australia Pty Limited ("Power Australia"), Power Metal's wholly owned operating subsidiary company. The Wilan Project was originally comprised of two licence applications (submitted October 2021 and covering 1,994km2). One licence application (ELA2021/00163), covering 999km2, was formally granted in August 2022 under the new licence reference EL6819. Internal technical work by Power Metal confirmed a potential Iron-Oxide-Copper-Go In addition, Power Australia has been advised that the Department of Energy and Mining ("DEM") proposed granting of licence application ELA2021/00162 (995km2) for a period of 6 years. The initial expenditure commitment for the licence is AUD$100,000 in total over 2 years, and Power Metal has paid AUD$23,465 in respect of first year rent and administration fees to the DEM. The Company now awaits final regulatory sign-off and release of granted licence documentation. Internal technical review by Power Metal has established potential diamond and uranium exploration targets within the licence footprint for ELA2021/00162. These targets are the subject of ongoing review.” POW has not invested a lot of money in this so let’s see how this pans out. It looks promising as its focus is Uranium and Copper just at a time when both are very sought after. |
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. |
Posted at 01/3/2024 10:30 by 888icb There is some negativity on the other bb regarding the consolidation and presumably that is the reason for this morning’s share price fall. It is in fact intended as a positive move.The share consolidation will have no impact on the value of the company ie the market cap of the company on the day of the consolidation will remain the same as will the value of individual holdings. Just read the RNS: “ Proposed Share Consolidation The Board is of the view that it would benefit the Company and the Company's shareholders to reduce the number of Existing Ordinary Shares in issue by consolidating the Existing Ordinary Shares on the basis of 1 New Ordinary Share of 2p for every 20 Existing Ordinary Shares of 0.1p each ("Share Consolidation"). This is expected to assist in reducing the volatility in the Company's share price and enable a more consistent valuation of the Company, making the Company's shares more attractive to institutional shareholders. The effect of the Share Consolidation will be that shareholders holding Existing Ordinary Shares on the Company's register of members at 6:00 p.m. on 26 March 2024 will, on the implementation of the Share Consolidation, hold: 1 New Ordinary Share for every 20 Existing Ordinary Shares held on 26 March 2024. The Share Consolidation requires the approval of the Company's shareholders by way of ordinary resolution at the GM ("Consolidation Resolution"). Accordingly the Directors unanimously recommend shareholders to vote in favour of the Consolidation Resolution to be proposed at the GM. As all shareholdings in the Company will be consolidated, the number of ordinary shares held by each shareholder will be reduced as a result of the Share Consolidation, but the percentage of the total issued ordinary share capital of the Company held by each shareholder immediately before and following the Share Consolidation will, save for fractional entitlements, remain unchanged.” Particularly note that it is being done to reduce volatility in the share price and enable a more consistent valuation of the company and make it more attractive to Institutional Shareholders |
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