Member Info for sol001

They will need to raise more cash imo. They still need final commissioning and optimisation of the Primary Spodumene Flotation Plant and purchase of the Secondary Spodumene Flotation Plant. No news on this yet and will likely need this running before any interested party steps in. Hopefully they can raise the cash needed without coming back and issuing more new shares and diluting the sp further. If they can show the plant can run fully and produce, the sp will rocket 🚀

"Discussions around the expression of interest are well advanced with a number of interested parties and the Board is hopeful that these will be concluded within the stipulated timelines."

Will be a slight drop tomorrow. No mention of needing more cash as yet, but they will

If they didn't sell gmet, how are they going to afford the 3.5 million usd project in Saudi Arabia? I don't remember seeing anything in the rns about how they will cover the costs. I'd much rather it come out the money from the partial sale of gmet then issuing new shares.

I do think Sean is being very quiet lately and we haven't had an interview with him in a while. I think it would be good to hear either from him or one of the other people on the ground dealing with the projects.

I'd also like to know what is going on with molopo. I know some aren't bothered, but it would be nice to know what the future plans are there.

Looking forward myself to more news on the athabasca and its going to exciting imo in the next few months, especially if they can be positive of a possible discovery🤞

As always Tray your opinions change depending on what comes out in the rns and Sean's decisions. I clearly remember when I suggested that pow should keep the Uranium as a JV and not an ipo and you disagreed. The same when shareholders said about selling a partial share in gmet. Now Sean has done these you changed your mind. Please explain?

We all know what happened when gmet became live. Investors here sold part or all their shares here and went there and haven't come back. Luckily we have the Uranium project still under pow, otherwise we'd be even lower in the sp than we are now. Shareholders like pj and others that bought in a couple of years ago are now in the red. RR wouldn't of invested in pow if the Uranium went a separate company. If the Saudi projects go away from pow, the sp will drop further. Sean might as well tell us to invest in another business on the ftse, because since gmet went live it hasn't helped pow sp one ounce and no Shareholder return has been seen yet.

I think he had a reason for selling half of gmet to cover other costs. Otherwise it would of come out of new shares issued.

Power Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London listed exploration company with a global project portfolio, notes an update to its announcement of 9 December 2024. 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").

Any reason for the drop or just because the the ftse down?

Steward1 they would of put out an rns if any purchase was made and testing completed. This worries me. I wouldn't trust GR as far as I can throw him and that's why I'm not buying until the rns drops

I won't buy in again until I know more news about the Secondary Spodumene Flotation Plant and the 3 to 5 days testing which was 3 weeks ago. I don't trust that they won't come back with the begging bowl in the next rns. Let's wait and see. This all feels like dejavu with the rise

Powerfulpete, I think they like the work Oliver is doing and the results coming through from the field work. They aren't invested for gmet making any money. Gmet won't make money until they start producing and a mine is in place. The 2.75 million usd raised is for work; the same for our £10 million through ucam. PJ and Sean should never of put gmet as a separate ipo imo. Yes they have millions in the bank now, but where is the shareholders return Sean has been promising us.

Some of the cash raised will likely go on the Qatan exploration licence in southern Saudi Arabia .

Let's hope Sean keeps these under pow if he wants to boost the sp at pow

Gmet- Loss for the Period, attributable to owners of the parent of US$1,087k (31 Dec 2023: US$556k), resulting in loss per share of 0.008 pence (2024: 0.01 pence);

 · Total assets of US$15,015k at the Period end (30 June 2024: US$12,549k); and

 · Net assets of US$14,647k at the Period end (30 June 2024: US$11,723k).

Also they raised 2.75 million usd

Compare to pow from Tray's figures below, plus we raised £10 million for our jv. A huge difference, but their sp keeps moving and ours doesn't

Can you imagine where the sp would be now if gmet wasn't an ipo and stayed under pow. Their sp hasn't gone up this far from profits. How much cash have they earned from sales etc like pow?

Correction- gmet hasn't gone up from millions coming into their bank

Cash is good, but it clearly isn't raising the sp here. Gmet has gone up from millions of profit coming in the bank. We need projects like the Uranium jv and the Saudi projects to stay under pow and results and potential discovery's will give us the boost we need.

Next sale imo will be molopo, unless Sean puts it into another JV

If the sp can get back upto 16 again, maybe this year we will see above 20 with more positive news on the Uranium. Just the shorters keeping us down at the moment.

Would be nice to see some results from the Saudi projects as well this year

Last time it did this, they came back for more money. News that comes later in the day doesn't always turn out to be good news. Let's hope I'm wrong 🙏

Https://youtu.be/KmiliUF3-8E?feature=shared

Russia ban on Uranium coming. This is a big reason why the USA will be seeking the next biggest import from Canada. I can see why Trump wants Canada to be part of the USA

Very surprised by the market reaction to this and gmet going up because of some news from the white House. No mention of tungsten or gmet and more aimed at other minerals. Mentioned energy and smartphones and batteries which would include lithium.

"Mineral” means a critical mineral, as defined by 30 U.S.C. 1606(a)(3), as well as uranium, copper, potash, gold, and any other element, compound or material as determined by the Chair of the National Energy Dominance Council (NEDC)."

The uk market is a bit slow off the mark with Uranium.

Pow has made over £7mil in the bank (half its market cap) £10 million jv and possibly more to find a Uranium discovery and the Saudi projects on top

The RNS we've been waiting for. Drilling to begin and a potential discovery on the cards.

"Fieldwork in the northeastern portion of the property, including the Nuphar and Goodleap Targets, has identified multiple potential basement sources of uranium"

Let's see how the market reacts to this or further news on the Drilling in the next 10 weeks. As Tray says, this is priced in the JV and will cost shareholders £0

Weather is getting better in the Athabasca. Its sunny there over the next couple of days, according to the forecast. No excuse now not to get some work done and get drilling by the start of the summer. They have £10 million to get a Uranium discovery for 2025 and further discovery next year

I'm still waiting for the shareholder value they keep talking about. After a small rise yesterday, we are back to where we were before. We can't really keep blaming Aim, when other companies on Aim are moving. But with very little buying here compared to others, this is a main reason. Let's see what happens when we hear some more news on the Uranium or even the projects in Saudi