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8 Jan 2026 14:26
8 January 2026
Power Metal Resources PLC
("Power Metal" or the "Company")
Share Capital Reduction Effective
Power Metal Resources PLC (AIM:POW) is a London listed natural resources exploration company and project incubator with a global project portfolio. On 19 September, the Company announced its intention to reduce its share capital ("Reduction"). On 10 November the Reduction was approved by special resolution of the shareholders at the Company's General Meeting, and on 9 December 2025, the High Court of Justice, Business and Property Courts of England and Wales, Insolvency and Companies List (ChD), (the "Court") made an order ("Order") confirming the Reduction under Section 641 of the Companies Act 2006. The purpose of the Reduction was to create distributable reserves to provide the Company with flexibility for future distributions and corporate purposes.
Registration at Companies House
On 20 December 2025, the Order confirming the Reduction, a statement of capital approved by the Court, and an amended version of the Company's Articles of Association was registered at Companies House, in accordance with section 649 of the Companies Act 2006 and, accordingly, the Reduction is now effective.
The Reduction has not affected the number of ordinary shares ("Ordinary Shares") in issue, which is still 115,610,437, nor has it affected their nominal value or the rights attaching to them. The change relates to the accounting treatment of the Company's share premium account and capital redemption reserve.
For further information please visit https://www.powermetalresources.com or contact:
NOTES TO EDITORS Power Metal Resources plc (AIM: POW, OTCQB: POWMF) is a London-listed natural resources exploration company and project incubator which finances and manages global resource projects and is seeking large scale metal discoveries.
The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa, Saudi Arabia, Oman and Australia. Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.
Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.
Value generated through disposals will be deployed internally to drive the Company's growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.
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