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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 Feb 11, 2023 3:11pm
711 Views
Post# 35281586

Winsome Financing

Winsome Financing Now that Winsome have completed the majority of their financing I expect we will finally get some news on what  Winsome have planned for Case Lake. I think it is too early to expect a takeover however I do expect that Winsome will increase their share ownership and will also provide the geological manpower and resources necessary to develop a maiden resource as soon as possible. If as I suspect Winsome want to put Case Lake into production it would be a huge win for both Winsome and PWM. Very often Companies back into takeovers by firstly increasing the percentage of share ownership before they make a formal takeover. Sinomine had a very keen interest in Case Lake as does Winsome who moved very quickly to take out Sinomine after the Government insisted they sell their position, spending  a full 19% of their remaiining cash to do so. Only time will tell if these puzzle pieces actually go together to complete the puzzle. I expect PWM and Winsome  shareholders will not have to wait much longer to see the Case Lake plans for 2023.
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