Al masane Al kobra. Saudi project6 Jun 2025 11:24
Just looked over the previous RNS's and noticed this was March 10th. So we should hear more on this soon imo.
As previously notified, a Letter of Intent ("LOI") was signed to enter into a binding agreement with Al Masane Al Kobra Mining Company ("AMAK") (together, "the Parties"), a Saudi Arabian listed exploration and mining company, for Power Metal to spend US$3,000,000 to earn a 49% stake in the Qatan exploration licence in southern Saudi Arabia (the "Proposed Agreement").
After a detailed discussion regarding the outstanding legal processes still awaiting completion, the Parties have agreed to extend the deadline for the formal agreement signature date by a further three months. It is currently expected that formal agreement will be reached well within that timeframe.