Power Metals Corp Appoints DRA Global for Case Lake Project Assessment

Power Metals Corp ( (TSE:PWM) ) just unveiled an update.

Power Metals Corp has appointed DRA Global to conduct a maiden Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA) for their Case Lake Project, with the MRE expected in Q1 2025 and the PEA by the end of Q2 2025. The project is recognized as a world-class deposit for cesium, tantalum, and lithium, and this strategic move aims to advance the project and meet the rising global demand for critical minerals, potentially enhancing the company’s market positioning and attracting further investment.

More about Power Metals Corp

Power Metals Corp operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with critical minerals such as cesium, tantalum, and lithium, particularly through its 100%-owned Case Lake Project in northeastern Ontario. This project has garnered interest from strategic investors due to its high-grade mineralization and the global demand for critical minerals.

YTD Price Performance: 11.11%

Average Trading Volume: 205,565

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$75.08M

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