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An announcement from Power Metal Resources Plc ( (GB:POW) ) is now available.
Power Metal Resources, through its uranium-focused joint venture Fermi Exploration, has delineated three high-priority uranium targets totalling about 100 hectares on the Reitenbach Property in Saskatchewan’s Athabasca Basin, using combined radon and Ionic Leach soil geochemistry. The work, focused on the Nuphar North, Nuphar South and Goodleap areas, indicates a ribbon-style anomaly interpreted as glacially transported material from a concealed pegmatite and fault-hosted uranium source to the north, supported by correlations with lead isotopes and rare earths and alignment with documented ice-flow directions. With four additional radiometrically anomalous boulder fields remaining largely untested, the company sees substantial room for further target generation, and plans to keep refining anomalies and structural corridors such as those linked to the Needle Falls Shear Zone before committing to costly helicopter-supported drilling, aiming to build a technically robust and capital-efficient future drill programme at Reitenbach.
Spark’s Take on GB:POW Stock
According to Spark, TipRanks’ AI Analyst, GB:POW is a Neutral.
Power Metal Resources Plc’s overall score reflects strong revenue growth and a solid balance sheet, partially offset by operational challenges and negative cash flows. The stock’s undervaluation provides an opportunity, while technical indicators suggest caution due to bearish trends.
To see Spark’s full report on GB:POW stock, click here.
More about Power Metal Resources Plc
Power Metal Resources Plc is a London AIM-quoted and OTCQB-traded mineral exploration company with a growing focus on uranium through its joint venture vehicle Fermi Exploration Ltd. The company targets highly prospective jurisdictions such as Canada’s Athabasca Basin, building a portfolio of early‑stage and drill‑ready projects aimed at discovering and advancing uranium and other critical metal deposits for the global energy and resources markets.
Average Trading Volume: 449,036
Technical Sentiment Signal: Buy
Current Market Cap: £18.19M
Find detailed analytics on POW stock on TipRanks’ Stock Analysis page.