Power Metal Resources Plc (GB:POW) has released an update.
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Power Metal Resources PLC has finalized a legally binding agreement to invest up to $740,000 in a 12.5% stake of the Block 8 copper concession in Oman, marking a significant step in its Power Arabia business. The company plans to commence an extensive exploration program, tapping into the block’s untapped geological potential, with multiple workstreams set to launch soon. This strategic move underscores Power Metal’s commitment to expanding its exploration footprint and potential returns for shareholders.
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