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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 Mar 27, 2024 6:39pm
261 Views
Post# 35956768

The Sinclair Cesium Mine History!

The Sinclair Cesium Mine History!Pioneer Resources discovered 7500 tons of cesium at the Sinclair Mine in 2016 and this is a quote from the President of Pioneer. "We announced our first drill hole just over two years ago and the phones started ringing from Europe and America," he said. The initial cost to setup the mine came in at $4,800,000. They mined the entire 7500 tons with a bulldozer and a truck at a depth of roughly 50 meters. The Pollucite was dug up then put onto a shaker and shipped. From there the Pollucite was sent via truck to a port put on a ship to Canada then loaded from that ship to land and sent via rail to Manitoba. The shipping costs were actually far higher than the mining costs. The latest pricing I could find suggested that in Canadian Dollar terms an ounce of cesium is now worth just under $2400. I don't believe the market has absorbed just how valuable a mineable deposit of cesium would be and the ease in which a favorable offtake agreement could be reached. Let's hope that this is just the start of the market awakening to the real value of a cesium deposit. GLTA
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