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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 May 06, 2022 11:45am
240 Views
Post# 34662336

Time to back up the truck?

Time to back up the truck?When I look back into 2021 PWM was trading at .19 to .21. We were told that PWM had made the decision to further explore Case Lake specifically for Cesium. The Company had no cash and over 100k in accounts recievables as a result of loans from the insiders. Forward into 2022 PWM have signed a deal with Sinomine which includes a 100% offtake agreement, they have raised $3,000,000 and have just recieved their permits to drill in 2022. They recently announced they are in the process of applying for an advanced  permit to mine Case Lake. I would expect that we will soon be updated on the drilling plans which i suspect will start in a couple of weeks. As I pull up the market on PWM today I see that it is trading at .23 yes a couple cents higher than 2021. Thats why I ask is it time to backup the truck? GLTA
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