Power Metal Resources Plc (GB:POW) has released an update.
Power Metal Resources Plc, a London-listed exploration firm, is nearing the completion of a joint venture focused on uranium, which includes its newly acquired Drake Lake-Silas project in Newfoundland and Labrador. The company is issuing new shares to fund the acquisition and has already conducted extensive fieldwork on the property, which neighbors significant uranium and vanadium resources. With the joint venture’s imminent finalization, Power Metal Resources is poised to expand its portfolio and capitalize on the uranium market.
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