Power Metal Resources Plc (GB:POW) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Power Metal Resources PLC is nearing the completion of a deal that will see them invest up to $740,000 to acquire a 12.5% stake in Oman’s Block 8 concession through its subsidiary Power Arabia. The agreement with Alara Resources and Awtad Copper is in its final stages, with the expectation to sign a formal and binding agreement shortly. This move is part of Power Metal’s strategy to manage and finance global resource projects, aiming for large-scale metal discoveries.
For further insights into GB:POW stock, check out TipRanks’ Stock Analysis page.