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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 11, 2022 12:49pm
266 Views
Post# 35164726

Juniors just starting to move towards Lithium

Juniors just starting to move towards LithiumThe staking and JV rush by Juniors looking for a lithium projects is so typical at the beginning of a Bull Market. When you see Gold Juniors abandoning Gold projects and moving towards lithium it speaks to the lack of funding or should I say NO-Funding for these Gold Explorers. They are just starting to move to Lithium because that is where the funding is and that funding is essential to their health. Just another indication that we are moving into a massive Bull market in Lithium. Spoke to a Venture investor this morning who has positions in 13 different Gold Juniors and his portfolio was down 52% which I think is very typical of most Junior Gold Portfolios. These investors are frustrated at the illiquidity in the Gold Juniors and in time will say to hell with it and begin moving their capital to where the action is and that action will be lithium. I am not knocking gold here as I have traded these Gold Juniors for over thirty years. I am simply reading what I see in the markets and that is Lithium is in the press daily, the Government is falling over themselves to support the lithium space and decisions based on Billions of Dollars are being made to build multiple battery plants. GLTA
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