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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

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Post by marpip3on Jun 08, 2020 5:30pm
212 Views
Post# 31126269

Why Cesium Is Immune To Pandemic (article)

Why Cesium Is Immune To Pandemic (article)Cesium is immune because its applications are critical to almost everything that comes next, including advances in healthcare, defense, and the 5G revolution. 
For the healthcare industry, it's vital in strategic organic chemistry, including in x-ray radiation for cancer treatments.  For the oil and gas industry, it's vital for drilling fluids that prevent blow-outs in high-temperature, high-pressure wells. 

For a huge lineup of commercial and industrial, cesium's applications are many and varied, from catalyst promoters, glass amplifiers, and photoelectric cell components, to crystals in scintillation counters, and getters in vacuum tubes. 

But in terms of world dominance, it's all about time, and 5G. It's the "cesium standard" that allows us to measure time accurately. That means it's the key to mobile networks, the internet, and GPS. 

This also means that without cesium, the global 5G war cannot be won. 
For the most part, the average person only has a cursory understanding of what 5G means, and how it could transform the global balance of power. But 5G without cesium doesn't work. The new 5G cellular wireless tech will transfer data and the correct time faster than ever before--fast enough and accurately enough to transform industries. 

In other words, 5G technology will rule the world because it can create a continuous, real-time connection for every single device that exists and every single device that will be made because of it.
Cesium is a critical element in all of this, and it could mean the difference between real-time responsiveness and 5G failure.  The battleground for 5G is also a battleground for cesium, and so far, China is winning by a landslide. 

But while cesium is completely insulated from a global pandemic such as that taking down every other industry in the world, from a North American perspective, it matters little that it's insulated or not when China controls almost 100% of the world's supply. 

The China Problem

When the dust settles on the coronavirus pandemic, the world isn't likely to be more unified or to view cooperation as the new way forward. Instead, China particularly is more likely to pursue policies that are more focused on national security than ever. 

Washington's battle against China's 5G giant, Huawei, may have seemed petty to some, but this is the United States' way of playing catchup when it dropped the ball on critical metals like cesium. While the US refused to play along withChina's Huawei-led plans for 5G domination,
the country's 5G networks, and Germany and France were on the cusp of similar deals.  COVID-19 has the potential to put the brakes on this Chinese progress in Europe, but North America still has a major cesium problem to deal with. 

Beijing is well aware of the power it holds through its monopoly of critical metals.  Cesium was only added to the United States list of critical minerals in 2018 despite the fact that it will lead the 5G revolution, a revolution that will  generate trillions of dollars in new products along the way. 

Despite the fact that it is so strategic, there are only three pegmatite mines in the world that can produce it: Tanco inManitoba, Bitika in Zimbabwe, and Sinclair in Australia. Two of them, Tanco and Bitika, are no longer producing, and the stockpiles at Tanco and Sinclair are largely controlled by China.

Not only is there limited supply, but there are a very limited number of companies in the supply chain itself. 

That positions Power Metals to potentially be a major North American supplier of cesium right at the crucial moment in the 5G revolution. Known for its major hard rock lithium deposit in Canada, Power Metals hopes to very soon be known as the company that broke China's monopoly on the critical metal. 

Power Metals is sitting on what could become only the fourth deposit of its kind in the world, with 100% ownership in the Case Lake property in Northeastern Ontario, where it has made a discovery of high-grade cesium mineralization. 

The company discovered the pegmatites at West Joe Dyke in August 2018, intersecting high-grade cesium mineralization in six drill holes when it was targeting lithium instead.

In February, right before the COVID-19 outbreak turned into a pandemic, Power Metals started drilling, and it's world-class geologist, Dr. Julie Selway, says the three properties the company is drilling are hoped to have similar finds to the strategically important Sinclair mine in Australia. 

"They are shipping their resource, which they say is higher than 10% cesium-oxide, and ours have some that are between 12% and 14% of cesium-oxide," Selway, a key geologist for the Ontario Geological Survey during the tantalum boom of the early 2000s, and now VP of exploration for Power Metals, told Oilprice.com. 

Power Metals has intersected cesium (Cs) mineralization in 6 drill holes on West Joe Dyke, with "exceptionally high-grade" Li and Ta intervals. They also found Cs mineralization in drill core samples in the first new dyke below Main Dyke, as well as in the drill core in Northeast Dyke. 

Now, they're working to expose, sample and assay that cesium mineralization on the surface outcrops to find more cesium-bearing pegmatite dykes nearby. When and if they do, it stands a good chance of disrupting the Chinese control of cesium to give North America a leg up in the 5G war, and beyond.   While cesium may just be the most critical of critical metals, it's worth taking note of some of the others fueling the next generation of technology, as well. 
 
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