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Power Metals Corp V.PWM

Alternate Symbol(s):  PWRMF

Power Metals Corp. is a Canada-based diversified mining company. The principal business of the Company is the acquisition, exploration and evaluation of resource properties. Its exploration project includes Case Lake property. Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario, close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists of six spodumene dykes: North, Main, South, East and Northeast Dykes on the Henry Dome and the West Joe Dyke on a new tonalite dome. The Case Lake Property is 10 km x 9.5 km in size and consists of 475 cell claims. The Case Lake pegmatite swarm occurs along a sub provincial boundary between the metasedimentary Opatica Sub province to the north and greenstone Abitibi Sub province to the south. The Company has staked the Pelletier Project consisting of approximately 337 mineral claims that account for total surface area of 7000 hectares in northeast Ontario , approximately 50 km south of Hearst .


TSXV:PWM - Post by User

Post by trader53on Oct 13, 2021 4:54pm
296 Views
Post# 34002868

Proposed Sino deal off the table?

Proposed Sino deal off the table?I love the idea that PWM is planning further exploration however it will mean more dilution and yet another financing at .15. A $3,000,000 raise will mean another 20,000,000 shares most likely with a 1/2 warrant for a total of 30,000,000 shares. There is also a possibility of a rollback as PWM have no cash and debt owed to the insiders that will need to be settled. Just another example of yet another Venture Company lead over the cliff as a result of their need for cash. Interesting Property but just how do you play it with even a reasonable risk reward scenario? Its hard to find the reward in its risk reward profile.
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