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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 Nafets10on Jul 17, 2023 11:28am
135 Views
Post# 35544175

Interesting Analogue with Rare Earth Elements

Interesting Analogue with Rare Earth Elements

A really interesting section from an opinion piece written for The National Interest which I found striking. The article is about strategic minerals in general and REE's in particular, but I think it definitely applies to the Cesium situation.

"Such is the Chinese comparative advantage in REE processing that the largest single rare earth mine in the world, the open pit at Mountain Pass, California, just southwest of Las Vegas, Nevada, has been sending its raw ore to China for processing before the metal returns to the United States as finished magnets used in EVs and other applications."

https://nationalinterest.org/feature/how-america-can-escape-china%E2%80%99s-rare-earth-pincer-206645

Obviously, this isn't a direct analogue; I believe the historic pollucite stockpiles at Tanco are processed in Canada before the refined materials are exported to China. That being said, the situation and solutions as outlined in the article still directly apply here, and I think this is demonstrative of a rising awareness of the situation and a need to diversify the sources of raw material inputs. The fact Sinomine is looking to reactivate Tanco specifically for the Cesium speaks volumes to the accelerating use cases for the material and the need for additional reliable sources.

Reuters article from July 17, 2023 highlighting China's dominance in other strategic resources
https://www.reuters.com/breakingviews/old-cold-war-tool-could-help-new-era-tension-2023-07-17/

 

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