Power Metals Corp. is pleased to announce that the Company has entered into an agreement to sell the 2% Gross Overriding Revenue royalty on the Case Lake Lithium Project to Lithium Royalty Corp. for $1,500,000. Ernie Ortiz, President and CEO of Lithium Royalty Corp. commented: "This transaction adds the 32nd royalty to the LRC portfolio, our third since our March 15th, 2023 IPO transaction, and our sixth royalty in [...]
Power Metals Corp. is pleased to announce the appointment of Mr. Amanuel Bein, P.Geo as Vice President of Exploration. Mr. Bein has 17 years of experience in the exploration and mining industry where he has gained world-class knowledge and expertise in several mineral deposit types that include LCT pegmatite, VMS, SEDEX, porphyry-skarn, and orogenic-gold. He began his career as a field geologist while working for several [...]
Power Metals Corp. is pleased to announce the appointment of Mr. Gerry Brockelsby, CFA as Chief Executive Officer. Mr. Brockelsby has over 45 years of experience in the investment industry in both the equity and debt markets covering a wide range of companies both public and private, from micro-caps to large capitalization companies in a variety of industries. For eight years Gerry was Chief Investment Officer for the [...]
Power Metals Corp. is pleased to announce that it has closed its previously announced brokered private placement of 11,325,000 common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act ) . The Flow-Through Shares were issued at a price of $0.57 per Flow-Through Share for aggregate gross proceeds of $6,455,250 . Canaccord Genuity Corp. acted as Agent for the Offering, and received a cash [...]
10% Power Metals Corp. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. in connection with a "best efforts" private placement of 11,325,000 common shares of the Company that will qualify as "flow-through shares" of the Income Tax Act ) . The Flow-Through Shares will be issued at a price of $0.57 per Flow-Through Share for aggregate gross proceeds of up to $6.5 million . The Agent [...]
Power Metals Corp. is pleased to announce that it has entered into two binding purchase and sale agreements to sell the Company's Gullwing-Tot Lakes property and its Paterson Lake property. Johnathan More, Chairman & CEO of Power Metals states, "We are pleased to announce the sale of these two non-core properties as we will be focusing our full attention to the development of Case Lake. Additionally, we are building our [...]
Highlights: Winsome Resources Managing Director appointed to Board of Power Metals Corp. Expands on recent acquisition of shares and offtake agreement from former Chinese owner Sinomine Rare Metals Resources Terms also being finalised for future collaboration on multiple projects Power Metals Corp. is pleased to announce that Winsome Resources' Managing Director Chris Evans has been appointed to the Board of Directors [...]
Highlights: Winsome Resources signs binding agreement to purchase Hong Kong-based Sinomine's interests in Power Metals Corp.'s Case Lake Project Case Lake hosts high-grade lithium, cesium and tantalum deposits1 in which Winsome has gained the rights to all offtake Located across provincial border but in proximity to Winsome's Quebec assets Power Metals Corp. is pleased to announce that Winsome Resource Limited has agreed [...]
Power Metals Corp. is pleased to announce that drill holes have intersected lithium , cesium and tantalum mineralization with 20.25 % Cs2O, 1.29 % Li2O and 147 ppm Ta over 1.0 m in drill hole PWM-22-150 in the West Joe Dyke, Case Lake property, Cochrane, Ontario. High-grade Li-Ta mineralization was also intersected: 3.10 % Li2O, 0.09 % Cs2O and 841 ppm Ta over 2.0 m in drill hole PWM-22-149. West Joe Dyke is a [...]
Power Metals Corp. has been advised that the Canadian Federal Government, by Order in Council, has ordered that Sinomine Rare Metals Resources Co. divest itself of its past and ongoing investments in the Company. Sinomine made an equity investment of $1.5 million CDN into Power Metals. The order was made on national security grounds by virtue of the strategic importance of the Company's Case Lake lithium, cesium and [...]
Power Metals Corp. is pleased to comment and provide information to its recent banner press release on Oct. 13th, 2022. Power Metals is extremely thrilled with the recently announced high-grade cesium discovery in the West Joe Dyke at the Company's 100% owned Case Lake Property in Cochrane, Ontario. The cesium mineralization is enclosed in lithium and tantalum mineralization to make West Joe a three-commodity deposit. The [...]
Power Metals Corp. is pleased to announce ongoing drill results from the West Joe Dyke at its 100% owned Case Lake Property in Cochrane, Ontario. Highlights Include : 24.07 % Cs2O, 0.63 % Li2O, 34.2 ppm Ta over 1.0 m, 15.0 to 16.0 m, PWM-22-143 20.36 % Cs2O, 2.28 % Li2O, 15.7 ppm Ta over 1.0 m, 14.0 to 15.0 m, PWM-22-143 22.22 % Cs2O, 1.46 % Li2O, 25.1 ppm Ta over 2.00 m, 14.0 to 16.0 m, PWM-22-143 7.65 % Cs2O, 1.45 [...]
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