Power Metal Advances Lithium Project in Saudi Arabia

Power Metal Resources Plc (GB:POW) has released an update.

Power Metal Resources PLC has completed an initial exploration program at the Balthaga Lithium Project in Saudi Arabia, aiming to earn a 30% interest in the area which is rich in lithium and rare earth elements. The field work involved comprehensive target identification, with the team covering 1,200 km² and collecting 43 rock samples despite challenging conditions. The results of these samples, which are crucial for advancing the project, are expected in Q3 2024.

For further insights into GB:POW stock, check out TipRanks’ Stock Analysis page.