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Power Metal Resources Plc ( (GB:POW) ) just unveiled an update.
Power Metal Resources Plc has announced the partial disposal of its stake in Guardian Metal Resources PLC (GMET) by selling shares and warrants for over £9.2 million, which will be used to redeem a loan and for general corporate purposes. This transaction strengthens UCAM Ltd’s position as GMET’s largest shareholder while Power Metal retains a significant stake, ensuring continued potential for returns from GMET and its broader project portfolio, which includes ventures in various global regions.
More about Power Metal Resources Plc
Power Metal Resources Plc is a London-listed metals exploration company focused on financing and managing global resource projects with the aim of discovering large-scale metal deposits. The company has a diverse portfolio that includes precious, base, and strategic metal exploration projects located in North America, Africa, Saudi Arabia, and Australia. Power Metal’s strategy involves developing projects internally or through strategic joint ventures, with the potential for outright sale or separate listing to crystallize value. The company uses value generated from these disposals to fuel growth or provide returns to shareholders.
YTD Price Performance: -3.57%
Average Trading Volume: 333,321
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £16.47M
See more insights into POW stock on TipRanks’ Stock Analysis page.
