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Power Metal Resources Plc ( (GB:POW) ) has provided an announcement.
Power Metal Resources PLC has announced an update on its agreement with GSA Environmental Ltd (GSAe) to acquire 75% of GSAe’s share capital. GSAe has entered into a commercial agreement with Flyash Metal Recovery, leading to the execution of a £75,000 transaction through the issue of new Power Metal shares. This agreement highlights the strategic significance of GSAe’s technology in extracting metals from industrial waste, potentially strengthening Power Metal’s market position. Additionally, Power Metal has made arrangements to issue new shares to settle loan note interest payments and professional service fees, increasing its total issued share capital.
More about Power Metal Resources Plc
Power Metal Resources plc is a London-listed metals exploration company focused on global resource projects. The company targets large-scale metal discoveries and manages a portfolio that includes precious, base, and strategic metal exploration in regions such as North America, Africa, Saudi Arabia, and Australia. Their projects vary from early-stage exploration to advanced drilling phases, and they aim to develop these projects internally or through strategic partnerships until they are ready for sale or separate listing, generating value for shareholders.
YTD Price Performance: -11.29%
Average Trading Volume: 266,507
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £15.71M
For detailed information about POW stock, go to TipRanks’ Stock Analysis page.
