Power Metals Corp V.PWM

Alternate Symbol(s): PWRMF

Metals & Mining Industrial Metals & Minerals

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

Power Metals Corp

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Post by trader53on Dec 10, 2022 12:48am

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Post# 35163367

Motley Fool

Winsome Resources is a lithium explorer working in the James Bay region of Quebec in Canada.

The latest news from the company came last Friday when it announced an acquisition.

As my Fool colleague Monica reports, Winsome is buying a stake in Canadian company Power Metals Corp (TSX-V: PWM), which owns the “highly prospective” Case Lake Project in Ontario, Canada.

The CA$2 million (A$2.211 million) deal entails Winsome purchasing Power Metals shares that are currently owned by Hong Kong-based company, Sinomine Rare Metals Resources Co Ltd.

Sinomine Rare Metals is a subsidiary of the Chinese company Sinomine Resource Group Co Ltd (SHE: 002738). Recent changes to Canadian law mean Sinomine has to sell.

Winsome also gets all of Sinomine’s offtake rights.

Winsome says the project contains high-grade deposits of lithium, tantalum, and cesium. All three are on the latest critical minerals lists of the United States and Canada.

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