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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 Dec 08, 2022 8:37am
332 Views
Post# 35158502

Great News

Great NewsWe could not have asked for better news. We have just added the mining expertise from Winsome to fast track production on Case Lake. Even though PWM have not released a maiden resource you have to know that JM and Chris are confident of the resource size enough to announce a fast track to production. Combining assets is interesting as once Case Lake is in production there would be plenty of cash to fund ongoing exploration on at least 7 highly promising projects. The DMS system would be built on Case Lake and could service any number of these projects in he future. My guess is once into production the two Companies will become one and a new intermediate producer will be born. Now we are talking a combined Company that could become a $35.00 stock. Could not be more bullish. As a side note is it possible that PWM have been told their advanced exploration permit has been approved awaiting finalization. Ontario will do whatever they have to in order to see actual production. Especially now that VW and Tesla are site hunting for a battery plant!
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