Power Metal Resources Plc (GB:POW) has released an update.
Power Metal Resources PLC has entered into a share option agreement with Tuscan Holding PTY LTD to advance its Tati Gold Project in Botswana. Under the agreement, Power Metal will retain a 25% interest free carried to production at the Cherished Hope Mine within the project area, while Tuscan will cover the costs of prospecting, exploration, and if viable, construct a gold processing plant. The deal promises significant upside to Power Metal shareholders without additional costs, aligning with the company’s strategy of developing projects and crystallizing value through strategic partnerships or asset disposals.
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