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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 May 31, 2022 6:49pm
174 Views
Post# 34721618

Tanco Mine news from Sinomine!

Tanco Mine news from Sinomine!

More than a decade after shutting down lithium production, the Tanco mine in Manitoba started producing lithium spodumene concentrate in December, making it a rare manufacturer of the raw material in Canada, amidst a rise in demand for battery metals.  

Owned by Sinomine Resources, a company listed on the Shenzhen Stock Exchange in China, the mine shipped about 2,000 tonnes of spodumene concentrates to its sister company Jiangxi Donpeng New Materials last year to feed its battery grade lithium hydroxide and lithium carbonate production lines, according to a Sinomine press release.  

While the company currently supplies all of its lithium raw materials to its sister company in China, it aims to supply spodumene to the North American market in the future and is working to expand its resource and develop a lithium hydroxide and carbonate plant locally, the company’s North American operations director Joey Champagne told The Northern Miner in an interview.  

“The previous lithium operation on site was shut down in 2009 (due to market demand) and it was primarily focused on the ceramics industry and very high-quality products,” said Champagne. “With the recent shift in market and the need for battery grade concentrates, we decided to restart our lithium operations and refurbished the existing plants to a state that’s within our operational limitations.”  

Does this speak to Sinomines interest in Case Lake?

 
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