The latest announcement is out from Power Metal Resources Plc ( (GB:POW) ).
Power Metal Resources PLC has announced an extension to the deadline for signing a formal agreement with Al Masane Al Kobra Mining Company (AMAK) regarding a 49% stake in the Qatan exploration licence in southern Saudi Arabia. Despite the non-binding nature of the Letter of Intent, both parties are confident that the agreement will become binding, which could significantly impact Power Metal’s operations and industry positioning by expanding its exploration activities in Saudi Arabia.
More about Power Metal Resources Plc
Power Metal Resources plc is a London-listed metals exploration company that finances and manages global resource projects, aiming for large-scale metal discoveries. The company focuses on district-scale potential opportunities across a global portfolio, including precious, base, and strategic metal exploration in North America, Africa, Saudi Arabia, and Australia. Its project interests range from early-stage greenfield exploration to later-stage prospects, which may be developed internally or through strategic joint ventures until they are ready for disposal through sale or separate listing.
YTD Price Performance: -10.71%
Average Trading Volume: 329,199
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £14.45M
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