Power Metal Resources Plc ( (GB:POW) ) has shared an announcement.
Power Metal Resources PLC announced that it will exit its investment in the Haneti Project, following Katoro Gold PLC’s decision to cease further investment due to insufficient prospectivity. The decision aligns with Power Metal’s focus on maximizing shareholder value and indicates a willingness to make similar decisions for other projects if necessary.
More about Power Metal Resources Plc
Power Metal Resources plc is a London-listed metals exploration company that finances and manages global resource projects. It focuses on opportunities with district scale potential across a global portfolio, including precious, base, and strategic metal exploration in North America, Africa, Saudi Arabia, and Australia. The company develops projects internally or through strategic joint ventures until they are ready for disposal through outright sale or separate listing on a recognized stock exchange.
YTD Price Performance: -5.36%
Average Trading Volume: 344,389
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £14.16M
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