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Power Metals Corp ( (TSE:PWM) ) has issued an update.
Power Metals Corp has announced a maiden Mineral Resource Estimate (MRE) for its Case Lake Cesium Project in northeastern Ontario, establishing it as the world’s fourth-largest hard-rock cesium resource. The MRE, which covers only one of eight pollucite-bearing pegmatite dykes, indicates significant potential for expansion, with 17 untested targets and an exploration target of 11,000-15,000 tonnes of cesium oxide. This development marks a significant milestone for the company and Ontario in the critical minerals sector, highlighting the project’s potential to become Ontario’s first critical minerals project in production.
More about Power Metals Corp
Power Metals Corp is a company operating in the mining industry, focusing on the exploration and development of critical minerals such as cesium. The company is strategically positioned in North America and aims to support mineral security in alignment with global demand trends.
Average Trading Volume: 379,072
Technical Sentiment Signal: Buy
Current Market Cap: C$109.6M
See more insights into PWM stock on TipRanks’ Stock Analysis page.