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Pin to quick picksPower Metal Share News (POW)

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Share Price: 12.75
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TRADING UPDATES: Amaroq strikes gold; Power Metal completes drilling

Tue, 07th Feb 2023 14:45

((Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Uru Metals Ltd - Toronto-based investor and mine project developer - Announces identification of higher-grade nickel mineralised zone at Zeb project, South Africa, by 75% held Zeb Nickel Corp. Says deeper holes revealed higher grade nickel at the base of its historical resource estimate, an area historical drilling stopped short of testing. Notes further drilling may lead to higher grade nickel intersections and an overall grade increase.

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Amaroq Minerals Ltd - Greenland-focused mine development company - Says it has intersected gold in all completed drill holes, including 1.9 metres at 1.58 grammes of gold per tonne and 2 metres at 0.84 grammes of gold. Says drill holes indicate an intrusion related gold mineralisation system associated with a large tonnage target. Notes surface sampling results at East Ridge, 2 kilometres southwest, include visible gold observed in quartz veins. "The results are a positive step towards realising the potential of Vagar Ridge, a target with a broad-spanning surface footprint, which we believe holds significant resource. We plan to deploy the same exploration strategy of carefully targeted scout drilling and geological modelling that we have successfully implemented at our cornerstone Nalunaq project, which will improve confidence ahead of more intensive resource drilling," Chief Executive Officer Eldur Olafsson comments.

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Berkeley Energia Ltd - Clean energy company focused on bringing wholly owned Salamanca project in Spain into production - Receives notification from Spanish Ministry for Ecological Transition and the Demographic Challenge that it has rejected Berkeley's administrative appeal against MITECO's rejection of Authorisation for Construction for the uranium concentrate plant as a radioactive facility at the Salamanca project. MITECO rejected the Authorisation for Construction in 2021, which Berkeley says was done without following legally established procedure.

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Power Metal Resources PLC - London-based exploration company focusing on global metal discoveries -

Completes 2,404 metre diamond drilling programme at Molopo Farms project. Says inaugural drillhole was drilled to a depth of 483 metres, while deepest was 650 metres. Notes total drilling programme was made up of five drillholes. Says it is completing detailed logging of its remaining cores, and is processing and shipping remaining samples for assay testing. Chief Executive Officer Paul Johnson says: "Completion of this drill programme represents an important step forward for Power Metal and my thanks go out to the operational teams for a job well done. This exercise required some flexibility, with teams mobilising to multiple locations, requiring rapid adaptation to the changing technical demands on an iterative basis."

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Apr 2024 15:06

Power Metal Resources completes Molopo drillhole

(Sharecast News) - Power Metal Resources announced the completion of drillhole DDH1-14C at its Molopo Farms Complex project in southwestern Botswana on Tuesday.

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23 Apr 2024 14:26

Power Metal strikes high priority target in recent drilling effort

(Alliance News) - Power Metal Resources PLC on Tuesday announced the successful completion of a drilling campaign in Botswana.

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10 Apr 2024 15:13

Power Metal Resources says shares admitted to trading on OTCQB

(Alliance News) - Power Metal Resources PLC on Wednesday said that its shares have been admitted to, and begun trading on, the OTCQB Venture Market in the US.

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26 Mar 2024 15:39

TRADING UPDATES: BATM Advanced ink USD2.3 million orders

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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26 Mar 2024 14:02

Power Metal Resources shareholders back share consolidation

(Alliance News) - Power Metal Resources PLC on Tuesday announced a proposed share consolidation has been approved by shareholders.

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25 Mar 2024 20:33

Power Metal Resources considers options for Uranium Energy IPO

(Alliance News) - Power Metal Resources PLC on Monday updated on the planned initial public offering of a number of its uranium interests using Uranium Energy Exploration PLC as a vehicle to achieve an admission to AIM.

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19 Mar 2024 15:53

UK shareholder meetings calendar - next 7 days

Wednesday 20 March 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
BSF Enterprise PLCAGM
CEPS PLCGM re capital reduction
MTI Wireless Edge LtdAGM & EGM re appointing Hani Lerman as external director
Thursday 21 March 
Athelney Trust PLCAGM
LungLife AI IncSpecial meeting re placing and subscription
Pressure Technologies PLCAGM
Friday 22 March 
Kitwave Group PLCAGM
Triple Point Energy Transition PLCGM re managed wind-down
URU Metals LtdAGM
Monday 25 March 
Digital 9 Infrastructure PLCGM re managed wind-down
Hardide PLCAGM
Sondrel Holdings PLCGM re convertible loan agreement and proposed fundraise
Tuesday 26 March 
Becket Invest PLCAGM
Power Metal Resources PLCAGM
Power Metal Resources PLCGM re share consolidation
Riverstone Energy LtdEGM re proposed tender offer
Titon Holdings PLCAGM
Tribe Technology PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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13 Mar 2024 18:18

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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12 Mar 2024 17:41

EARNINGS AND TRADING: Ariana strikes gold; Union Jack adds royalties

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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12 Mar 2024 12:52

Power Metal driving Power Arabia subsidiary towards London listing

(Sharecast News) - Power Metal Resources updated the market on the progress of its wholly-owned subsidiary Power Arabia on Tuesday.

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29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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29 Feb 2024 14:01

Power Metal Resources agrees to buy 75pc of GSAe

(Sharecast News) - Power Metal Resources announced an agreement with GSA Environmental (GSAe), on Thursday, under which it would acquire 75% of GSAe's entire issued share capital under binding heads of terms.

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29 Feb 2024 13:11

Katoro formally appoints Power Metal CEO as new non-executive chair

(Alliance News) - Katoro Gold PLC on Thursday appointed Sean Wade as non-executive chair with immediate effect

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21 Feb 2024 14:29

Power Metal full-year revenue more than doubles; loss narrows

(Alliance News) - Power Metal Resources PLC on Wednesday reported that full-year revenue more than doubled, and its loss narrowed.

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TRADING UPDATES: Diversified Energy offers dividend alternative

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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