China Restricting Critical Rare Metal ExportsI think the recent news about the China's export restrictions on rare metals like Germanium and Galladium is huge news for Power Metals Corp. A lot of folks are going to be taking a real hard look at other strategic materials, like Cesium, which the West is dependent on imports for. I think we can't overlook the Chinese interest in the Case Lake property given their global efforts to dominate rare metal production- and I strongly feel there is something here that piqued their interest in the first place. The world is a big place, and China has incredible resources to pull from, its no coincidence they chose Case Lake.
Looking at the Sinclair Deposit in Australia, there are definitely some similarities here, but I want to see the results of this summer's program before getting too excited. At the moment, although this is looking great, we do need at acknowledge that the Sinclair Deposit was producing results like 6m at 27.7% whereas the West Joe currently clocks in at 1m 24.07%. That being said, with Cesium it is a quality over quantity game, and with the geomagnetic map confirming the continuation of the West Joe feature (visible as a sort of forking brank to the East and North of the discovery site) in conjunction with what has been learned about shallow Cesium mining over in Australia, there is a lot of extremely compelling pieces at play here.
With the use cases of Cesium increasing dramatically following the advent of 5g, its used in every device to keep the clock accurate, combined with China's focus on 5g dominance and its interest in this property, along with the very promising drill results and the shallow nature of this deposit, I really think has a lot of potential! Will be watching closely.