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IN BRIEF: Power Metal acquires four uranium licences in Canada

Wed, 15th Sep 2021 19:27

Power Metal Resources PLC - London-based exploration company seeking large-scale metal discoveries in North America, Australia and Africa - Acquires four uranium exploration licences comprising seven licences surrounding the Athabasca basin in Saskatchewan, Canada.

The four properties cover a combined 10,869 hectares, and were acquired through claim staking. Claims have been registered with the Mineral Administration Registry Saskatchewan at a total cost of CAD5,621. Claims will remain valid for two years.

"The properties have been selected after careful review and are strategically located where there is material evidence of uranium prospectivity as demonstrated by historic exploration reports as well as through various uranium focused government databases. The acquisition of these uranium properties through staking represents an important building block in Power Canada's growing strategic energy metal business," says Chief Executive Officer Paul Johnson.

Current stock price: 2.15 pence

Year-to-date change: down 22%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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