Power Metal Resources Plc (GB:POW) has released an update.
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Power Metal Resources PLC is nearing the completion of a deal that will see them invest up to $740,000 to acquire a 12.5% stake in Oman’s Block 8 concession through its subsidiary Power Arabia. The agreement with Alara Resources and Awtad Copper is in its final stages, with the expectation to sign a formal and binding agreement shortly. This move is part of Power Metal’s strategy to manage and finance global resource projects, aiming for large-scale metal discoveries.
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