VANCOUVER, July 30, 2018 /CNW/ - Power Metals Corp. is pleased to announce that geological mapping at Paterson Lake, 60 km north of Kenora, northwestern Ontario successfully identified high-grade Lithium and high-grade Tantalum mineralization. The geological mapping program also identified three target areas for follow up exploration: Western extension of Marko's Pegmatite Rhea's Pegmatite Cook's Pegmatite Paterson Lake [...]
VANCOUVER, July 11, 2018 /CNW/ - Power Metals Corp. is pleased to announce that their geological mapping team has confirmed the presence of abundant high-grade Lithium , Cesium and Tantalum mineralization at Tot Lake pegmatite, Webb township, 30 km northeast of Dryden, northwestern Ontario. The focus of the exploration program at Tot Lake is Lithium mineralization in the form of pale green, white and pink blades of [...]
VANCOUVER, July 9, 2018 /CNW/ - Power Metals Corp. is pleased to announce that the first hole of the summer drill program, PWM-18-84, has successfully intersected 126.25 m of pegmatite within the Main Dyke at Case Lake, east of Cochrane. The purpose of this longitudinal drill hole was to test the continuity of the Main Dyke along strike and down dip. PWM-18-84 intersected continuous pegmatite from 2.0 - 128.25 m. Drill [...]
VANCOUVER, June 29, 2018 /CNW/ - Power Metals Corp. is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. , a Rancho Santa Fe, California based investor relations firm, to provide market awareness and investor relations services to the Company, subject to TSX Venture Exchange acceptance. Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and [...]
VANCOUVER, June 28, 2018 /CNW/ - Power Metals Corp. is pleased to provide an update to shareholders. Yesterday, the Company closed a $2,000,000 flow-through financing at $0.58, a substantial premium to the current market price. The Company is fully-funded for all drilling and exploration activities for 2018 which comprises of a 15,000 m drill program at Case Lake and drill programs at both our Gullwing-Tot and Paterson [...]
/STATES/ VANCOUVER, June 27, 2018 /CNW/ - Power Metals Corp. is pleased to announce that, further to its news release of May 30, 2018, it has completed a brokered private placement of 3,448,300 units at a price of $0.58 per Unit for gross proceeds of approximately $2,000,000 . Eight Capital acted as agent for the Offering. Each Unit is comprised of one flow-through common share of the Company and one-half of one [...]
VANCOUVER, June 21, 2018 /CNW/ - Power Metals Corp. is pleased to announce that drilling has commenced in the Main Dyke area, on the Henry Dome on the Case Lake Property, 80 km east of Cochrane. The first drill hole for this 2018 summer drill program will be PWM-18-84 on the Main Dyke . A total of 5,400 m of drilling and 50 holes was previously completed on the Main, North and South Dyke last year with great success [...]
VANCOUVER, June 14, 2018 /CNW/ - Power Metals Corp. is pleased to announce that the geological mapping program at Case Lake, 80 km east of Cochrane, Ontario has discovered lithium mineralization on an entire new dome . This is the first time that spodumene has been identified outside of the Henry Dome where all work to date has been done. This significant discovery validates Power Metals' exploration model that lithium [...]
VANCOUVER, June 5, 2018 /CNW/ - Power Metals Corp. is pleased to announce that the geological mapping program at Case Lake, 80 km east of Cochrane, Ontario has resulted in identification of multiple new pegmatite dykes on the Henry Dome. Ground truthing of our drill targets has given us additional confidence in them. Our mapping has confirmed that the potential of lithium mineralization is much bigger than was previously [...]
British Columbia, May 30, 2018 -- Power Metals Corp. is pleased to announce that it has entered into a letter of engagement with Eight Capital as lead agent , under which Eight Capital has agreed to offer for sale flow-through units of the Company , on a “best efforts” private placement basis, subject to all required regulatory approvals, at a price per Unit of $0.58 , for total gross proceeds of up to [...]
VANCOUVER, May 23, 2018 /CNW/ - Power Metals Corp. is pleased to announce that the geological mapping program at Paterson Lake, 60 km north of Kenora, Ontario has begun. The geological mapping program at Paterson Lake will be followed by one at Gullwing-Tot Lakes located 30 km northeast of Dryden, Ontario. The purpose of the mapping program at both properties is to confirm the location of the known spodumene/petalite [...]
VANCOUVER, May 15, 2018 /CNW/ - Power Metals Corp. is pleased to announce that the drill contract for Case Lake's upcoming 15,000 m spring/summer drill program has been awarded to Jacob and Samuel Drilling Ltd., Sudbury, Ontario. Drilling will be scheduled to commence as soon as the ½ load road restrictions are lifted in the Cochrane area. The drill program will focus on six distinct drill target areas on the Case [...]