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Power Metals Corp ( (TSE:PWM) ) has provided an update.
Power Metals Corp has reached a significant agreement with Albemarle Corporation, a leading critical-minerals company, for the offtake of cesium oxide concentrate from its Case Lake Project. This deal, which involves a CAD$5 million pre-payment, marks a strategic milestone for Power Metals, enhancing its position in the global cesium market and securing funding for project development without diluting shareholder value. The agreement underscores the importance of the Case Lake Project in strengthening North America’s cesium supply chain and highlights a shift in the global critical-minerals landscape.
More about Power Metals Corp
Power Metals Corp is a company operating in the critical minerals industry, focusing on the exploration and development of cesium resources. Their primary project is the Case Lake Property in Ontario, Canada, which is known for its high-grade cesium deposits. The company is strategically positioned to contribute to the North American supply chain for cesium.
Average Trading Volume: 205,361
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$150.8M
For detailed information about PWM stock, go to TipRanks’ Stock Analysis page.