Power Metal Resources Plc (GB:POW) has released an update.
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Power Metal Resources plc has successfully established a uranium-focused joint venture with investor UCAM Ltd, bringing in an initial £10 million equity investment. The collaboration is set to drive shareholder value through at least five high-impact drilling programs, utilizing Power Metal’s extensive uranium license portfolio. The joint venture, a testament to the company’s business strategy, also includes the newly acquired Drake Lake-Silas property, with ongoing fieldwork promising upcoming results.
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