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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 25, 2023 6:30pm
187 Views
Post# 35606193

The Winsome deal!

The Winsome deal!This agreement IMO is nothing more than a back in agreement to takeover PWM. Don't think for a second that Winsome's intention is to give up these properties. All this property swap has done is given Winsome enough stock to cement when the time is right, the takeover. I don't expect we will see the takeover before PWM publishes an MRE. Remember Evans and Biggins have both said timely production is very important. My guess is once the MRE is released PWM will no longer exist. Lastly since Winsome owns 25% of the stock including the warrants no matter what price they pay they will be getting a great deal. It will also allow Winsome to pay PWM shareholders a fair price. Brineboys has provided us with some great information and there is a possibility that should PWM prove up 20,000,000 to 30,000,000 tons there could be a possibility that another Company steps up which would create a bidding war. My take is I am only focused on one thing right now and that is the success of the drill bit! One mans opinion.
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