The latest announcement is out from Power Metal Resources Plc ( (GB:POW) ).
Power Metal Resources PLC has announced a diamond drilling program at its Drake Lake Silas Uranium Property in Canada, aiming to explore high-priority Iron Oxide Copper Gold (IOCG) targets. The program, scheduled to commence in June 2025, will involve eight drill holes totaling 2,400 meters, supported by geophysical and geochemical surveys. This initiative is part of Power Metal’s strategy to enhance its uranium portfolio, potentially impacting its market positioning by tapping into significant IOCG deposits known for their uranium, copper, and gold resources.
More about Power Metal Resources Plc
Power Metal Resources PLC is a London-listed exploration company with a global project portfolio, focusing on the exploration and development of mineral resources, particularly uranium. The company is engaged in a joint venture with Fermi Exploration, targeting uranium-rich regions such as the Central Mineral Belt of Newfoundland & Labrador, Canada.
YTD Price Performance: 2.71%
Average Trading Volume: 408,064
Technical Sentiment Signal: Buy
Current Market Cap: £16.62M
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