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Power Metals Corp ( (TSE:PWM) ) just unveiled an update.
Power Metals Corp has announced the filing of a draft valuation report with the TSX Venture Exchange as part of its agreement to acquire a 100% interest in the Decelles and Mazerac projects in Quebec from Winsome Resources Limited. This move is expected to bolster Power Metals’ position in the mining industry, particularly in lithium exploration, as the acquisition will expand its portfolio in a region known for significant mining activities. The acquisition remains subject to final acceptance by the exchange, and it includes issuing shares and granting a net smelter royalty, highlighting strategic partnerships and potential benefits for stakeholders.
More about Power Metals Corp
Power Metals Corp is a company engaged in the mining industry, primarily focusing on the exploration and development of lithium, cesium, and tantalum (LCT) pegmatites. The company is involved in acquiring and managing mining properties with a market focus on expanding its lithium and other mineral resources.
YTD Price Performance: -3.33%
Average Trading Volume: 245,099
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$66.09M
See more data about PWM stock on TipRanks’ Stock Analysis page.
