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Hmm lithium has recovered sharply after a dip but uranium has been surging just as much if not more just recently to ATH.
Lithium is quite abundant and can be designed around. Some university just found a way of taking it from seawater.
For those reasons I prefer uranium but i guess all metals have substitutes and even uranium might be vulnerable. Not complaining to have lithium on the go since its resurgence.
Some of africa, especially west, is considered very good mining district and Botswana is. It varies i I wouldn't like Mali for example like Kodal where military coup last year. Africa in general considered quite good jurisdiction.
RNS Just out
Tue, 28th Sep 2021 14:36
RNS Number : 2607N
Power Metal Resources PLC
28 September 2021
28 September 2021
Power Metal Resources plc
("Power Metal" or the "Company")
IPO Investor Participation
Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces an update regarding participation in planned project spin-out Initial Public Offers ("IPOs") being undertaken by the Company.
Investors wishing to consider participation in IPOs are invited to contact the Company providing their contact information through the following link:
https://www.powermetalresources.com/ipo/
Investor details will be forwarded to specific regulated brokers handling each IPO transaction who will make contact to gather additional information as required under regulatory rules and to ensure suitability of investors.
All Investors contacting the Company through the above link consent that their personal information may be used in the above manner only.
Paul Johnson, Chief Executive Officer of Power Metal Resources commented:
"As previously announced we have a number of planned IPOs in respect of spin out of project packages from the Power Metal business. We are keen to open participation in IPOs to a wider investor base and this online registration is one way in which we can do this."
I love the Botswana projects and I'd LOVE Tati to come right -- such conviction and rapid exploration. Good results here combined with the IPOs of New Ballarat and First Class Metals all in Q4 2021 (!!!!) would be the real beginning of a realisation of POWs business model: combining internal development where deemed fit and fruitful with partnerships and spinouts. And to show how quickly POW can move from screening and purchasing licences to drilling and testing.
Something like this, perhaps combined with some material KCB progression and Silver Peak assay results, would greatly showcase and prove up PJ's vision, besides hugely strengthening the balance sheet with both assets and cash. Then we are looking at real inflows as skeptics see the model works and the true scale of the projects on board become reality.
I have always had a preference for the Australian projects. Politically safe.
The addition of uranium to the portfolio is very timely. I have just listened to an interview on CNBC with Oil and Gas Analyst Ron Smith who is forecasting power cuts across Europe in the event of a cold winter. His comment, when people start freezing with daily power cuts they will start changing their minds about uranium and nuclear fuel, a zero carbon option, which is the only thing that will square the circle during the energy transition as the advent of EVs will further place a demand on over-stretched energy supply sources.
Hottest metal right now is lithium [spodumene].This is due to the Pilbara Minerals of Australia auction results on 14.9.21 which they reported to the Australian Stock Exchange wherein they achieved US$2,400 /t for SC5 grade spodumene and US$2,500/t for SC6 grade spodumene. Lithium carbonate/hydroxide prices are also up.
At Paul Johnson*s [CEO,POW] very recent interview with London South East, Mr Frisen, Exploration Mgr explained that if Authier [POW] found lithium at their licence, then could be "re-rate." Authier to near SAYONA LITHIUM [Australian & Canadian listed]. Sayona recently had a JV deal with Piedmont Lithium.
How about this?
Sayona Lithium [ASX] has a current market cap of A$1.07 Billion.
https://hotcopper.com/asx/sya/
Thought I would clarify why Mr Fiesen mentioned Authier [POW] and the hot market in lithium at the moment.
Has to be said uranium is the hot metal at the moment so great additions in Canada, though quite early days. We know POW don't mess about though. Excited to see if they can get anything going with the largest tungsten resource in the US too after Thor sat on it for a while. I guess some of the African stuff looks the most exciting but the paterson and the silver in Canada are also good areas or grades.
Bonkers,
Any one of them, even a smallish strike could result in a re rating of the SP.
A Haverion type result is the obvious one and things do look promising, we will see.
Really Lithium, Nickel and Copper are the exciting ones for me because of future demand, there's only one way the prices are going to go long term.
Copper has gone up massively over the last year and is over $9,000 a tonne, and Nickel's over twice that.
The thing with Lithium is in battery tech its the one constant, they chop and change the metal mix but Lithium is the critical element.
I know nothing is guaranteed but I am also excited by the portfolio.
With such a nice bundle of projects right now its hard not to get excited on vast majority of them, every time a rns comes out on areas we haven't heard from in a while it get the excitement going.
But what are the plays you personally like the look off , I like the look of Tati and in paterson anything that compares to haverion is always something to get excited about.
Botswana and the south ghanzi belt also looks good , geeeez they all do.
Im really intrigued with Canada, lithium will be a major player in a few years time and if we can also enter that market and find a nice deposit then bingo.