Power Metal Resources Plc (GB:POW) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Power Metal Resources Plc, a London-listed exploration company, has announced progress in the establishment of a new uranium-focused joint venture, stating that legal due diligence is complete and transaction documents are nearing finalization. The joint venture will encompass Power Metal’s entire portfolio of uranium licences through a special purpose vehicle, UCAM Ltd. While some administrative tasks are still pending, the company anticipates the completion of the deal by the extended deadline of 27 September 2024.
For further insights into GB:POW stock, check out TipRanks’ Stock Analysis page.
