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An announcement from Power Metal Resources Plc ( (GB:POW) ) is now available.
Power Metal Resources PLC announced updates to its agreement with Red Rock Resources PLC regarding the disposal of its 49.9% stake in New Ballarat Gold Corporation plc, which owns exploration interests in the Victoria Goldfields, Australia. Key amendments include a partial payment of £200,000 out of the £250,000 due in cash, with the balance rescheduled, and the repayment of convertible loan notes now set for March 2025. These changes reflect strategic financial adjustments and may influence the company’s position in the exploration sector, highlighting their continued focus on optimizing asset management and financial structuring.
More about Power Metal Resources Plc
Power Metal Resources plc is a London-listed metals exploration company involved in financing and managing global resource projects with a focus on discovering large scale metal deposits. The company seeks opportunities with district scale potential across its global portfolio, which includes exploration for precious, base, and strategic metals in regions such as North America, Africa, Saudi Arabia, and Australia. Their project interests range from early-stage exploration to advanced drill programs, and they aim to develop projects through strategic joint ventures until they are ready for disposal or separate listing to realize value.
YTD Price Performance: -8.06%
Average Trading Volume: 273,797
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £16.29M
See more insights into POW stock on TipRanks’ Stock Analysis page.
