Power Metal Resources Plc (GB:POW) has released an update.
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Power Metal Resources Plc has announced signing a Letter of Intent with Al Masane Al Kobra Mining Company to earn a 49% stake in the Qatan exploration license in Saudi Arabia by investing US$3,000,000. This partnership signifies Power Metal’s further expansion into the Arabian Shield and aims to optimize the exploration potential of the Qatan license, with plans to conduct a comprehensive exploration program. The agreement, which is expected to become binding within 90 days, aligns with the company’s commitment to environmentally responsible practices.
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