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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 Livetotradeon Feb 08, 2022 10:15am
130 Views
Post# 34408330

Lithium Trading economics summary

Lithium Trading economics summary

Lithium carbonate prices in China were at 377,500 yuan/tonne in beginning of February, amid high global demand and difficulty of securing supplies. Prices have surged over 25% this year from continuously increasing demand from lithium battery manufacturers, especially for electric vehicles. Global electric vehicle sales are estimated to have increased by 160% during 2021, while deliveries in China are expected to double in 2022 to over 5 million sales. Meanwhile, battery manufacturers race to secure long-term supply contracts due to mineral scarcity and environmental concerns with mining. On January 20th, the Serbian government revoked mining giant Rio Tinto’s exploration licenses following extensive protests of environmental concerns. The now-defunct project would have been worth USD 2.4 billion and was estimated to produce enough lithium for 1 million electric vehicle batteries.



PWM has some catching up to do in the share price.  
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