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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 Dec 27, 2022 2:26pm
336 Views
Post# 35192645

Is the sentiment of the Lithium Market fading?

Is the sentiment of the Lithium Market fading?For the traders I think we should keep an eye on the EV sales forecast for 2023. It was alarming to note that Tesla is building inventories, the suspension of Shanghai production and a number of Auto Execs are calling into question the growth of EV sales over the next few years. They are suggesting the growth estimates are 40 to 50 percent too high. This could all lead to a less bullish pricing of lithium. Recession is the other question which could negatively impact car sales for 2023. Do I buy all of this? Not really but you would be a fool not to pay close attention how these factors could impact the sentiment of the Lithium Market.
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