Power Metals Corp. is pleased to announce that it is preparing the documents to apply for an exploration permit from the Ontario government for a drill program on its Case Lake Lithium -Cesium -Tantalum Property. As per Power Metals' agreement with Sinomine Rare Metals Resources, the two companies will jointly fund the drill program. The purpose of the drill program will be to expand the Li-Cs-Ta mineralization at West [...]
Power Metals Corp. is pleased to announce that it has entered into an agreement with Sinomine Rare Metals Resources Co Limited which provides for an equity financing and an agreement to negotiate an offtake agreement with Sinomine. The parties initially entered into a letter of intent in September 2020. Founded in 1999, Sinomine Resource Group, is a multi-billion dollar integrated international mining enterprise with a [...]
Power Metals Corp. is pleased to announce that it has entered into an agreement with Sinomine Rare Metals Resources Co Limited which provides for an equity financing and an agreement to negotiate an offtake agreement with Sinomine. The parties initially entered into a letter of intent in September 2020. Founded in 1999, Sinomine Resource Group, is a multi-billion dollar integrated international mining enterprise with a [...]
Power Metals Corp. is pleased to announce that Power Metals has decided to resume exploration on the Case Lake Li-Cs-Ta Property. The Company's Strategic Review Committee has determined it is in the best interest to all shareholders to continue the next stage of exploration on our own. The Company has received multiple partnership and "off-take" agreement proposals from several groups, however we firmly believe it is too [...]
Power Metals Corp. is pleased to announce that it has entered into an amending agreement with Exiro Minerals Corp. regarding the remaining payments due by the Company to acquire the Paterson Lake and Gullwing-Tot Lakes properties. To exercise the option to acquire the properties, the Company and Exiro Minerals have agreed that the remaining cash payment and share issuance due under the March 1, 2017 property option [...]
Power Metals Corp. is very pleased to announce that it has entered into a letter of intent with Sinomine Resource Group Co., Ltd. of Beijing, China whereby Sinomine will partner with PWM to further the exploration and development of PWM's mineral property interests in Canada. Sinomine is principally interested in PWM's Case Lake, Paterson Lake, and Gullwing-Tot Lakes properties which are prospective for cesium, lithium [...]
Power Metals Corp. is pleased to announce that we have staked an additional 107 cell claims to expand our Case Lake Property, Cochrane, northeastern Ontario. The staking added 4 additional granitic domes to the Case Lake Property bringing the total to 14 domes. Each dome has the potential to host Li-Cs-Ta pegmatite dykes close to surface. The new domes are Abbotsford, Joe Creek, Kenning Lake and Circle Lake. The highlight [...]
Power Metals Corp. is pleased to provide an update to all shareholders from the Company's recently formed Strategic Review Committee. The Committee was formed to focus on determining the optimal path forward in maximizing all potential values of its 100% owned Cesium, Lithium and Tantalum assets. Johnathan More, Chairman of Power Metals, states "Our shift in focus to our Cesium assets has created a tremendous range of [...]
Power Metals Corp. is planning a spring/summer stripping and channel sampling program on Li-Cs-Ta West Joe Dyke at Case Lake, 80 km east of Cochrane, northeastern Ontario as a follow up to Power Metals' 2018 drill program. The purpose of the stripping and channel sampling program is to expose, sample and assay the Cesium mineralization on surface outcrops at West Joe Dyke and to find more Cs-bearing pegmatite dykes [...]
Power Metals Corp. is pleased to announce the strategic review committee has decided to focus on our cesium mineralization in the spodumene pegmatites at Case Lake. Cesium is incredibly valuable as there are only three cesium mines in the world and Power Metals owns three of the five cesium occurrences in the province of Ontario: The Company's 100% owned West Joe, Tot Lake and Marko's pegmatites. Power Metals' West Joe [...]
Power Metals Corp. is pleased to announce that we have acquired 100% ownership of Case Lake lithium property located 80 km east of Cochrane, Ontario. Power Metals completed the option agreement with a third party in June 2019. As a result, Case Lake cell claims involved in the option agreement have been transferred to 100% Power Metals in Ontario's government Mining Lands Administration System . Case Lake is Power [...]
Power Metals Corp. is pleased to announce that we have engaged SGS Canada Inc. regarding metallurgical testing of the spodumene pegmatite Main Dyke on the Case Lake Property, east of Cochrane, Ontario. Power Metals has signed a Non-Disclosure Agreement with SGS and started to transfer key documents to SGS. SGS is planning to start the metallurgical testing with heavy liquid separation and mineralogy analyses. The [...]
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