Power Metal Resources to Dispose of Silver Peak Project Interest

Power Metal Resources Plc ( (GB:POW) ) just unveiled an update.

Power Metal Resources PLC has signed an Option Agreement to dispose of its 30% interest in Silver Peak Resources Limited to its joint venture partner, Michael B Nugent. This move aligns with the company’s strategy to streamline its portfolio and optimize shareholder returns by making efficient use of its capital position. The agreement outlines a structured payment plan for the acquisition of Power Metal’s interest over a three-year period, reflecting the company’s ongoing review of its activities and commitment to maximizing shareholder value.

More about Power Metal Resources Plc

Power Metal Resources plc is a London-listed metals exploration company that finances and manages global resource projects, focusing on large-scale metal discoveries. The company targets district-scale opportunities across a global portfolio, including precious, base, and strategic metal exploration in North America, Africa, Saudi Arabia, and Australia. Their project interests range from early-stage exploration to later-stage prospects, with the aim of developing projects internally or through joint ventures until they are ready for disposal or separate listing.

YTD Price Performance: 3.57%

Average Trading Volume: 400,437

Technical Sentiment Signal: Buy

Current Market Cap: £16.19M

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