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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 Aug 13, 2022 5:55pm
227 Views
Post# 34894452

Front Page Finance Section Globe and Mail

Front Page Finance Section Globe and MailSaturdays full front page of finance Globe and Mail is about Tanco and how China and Sinomine are hungry for Lithium Deposits in Canada. At present Tanco is the only producing mine in Canada that has been recently upgraded to support their plans to expand production. In the article they mention Power Metals and the offtake agreement for 100% of all the Lithium, Tantalum and Cesium from Case Lake. Mr. More has commented on the expertise of Sinomine in all aspects of mining and production of Lithium, Tantalum and Cesium. He commented that is the equivalent of a 25 million dollar micro-cap doing a deal with Apple. The article is definitely worth a read and only reinforces my belief that Sinomine see the potential for Case lake and wasted no time securing the resource. We know that Sinomine geologists had two property visits and the fact that they decided to do an offtake agreement before a maiden resource was calculated certainly supports their belief in the potential of Case Lake not to mention having a VP of Sinomine join the Board of PWM.
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