Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 frewil11on Apr 03, 2024 8:46pm
124 Views
Post# 35969339

OFFTAKE AGREEMENT [ PWM GET 95% OF SALES ]

OFFTAKE AGREEMENT [ PWM GET 95% OF SALES ] Winsome has also agreed to assume all of Sinomine’s rights and obligations under the offtake agreement that was signed between Sinomine and Power Metals dated 16 March 2022 (“Offtake Rights”). Offtake: • Sinomine will have off-take rights for all future lithium, caesium and tantalum extracted or otherwise produced by PWM and any of its agents, employees, successors, assigns, associates, affiliates, subsidiaries, parents or partners or any of them within the Case Lake Area, or any operations directly related thereto. a. Sinomine will pay to PWM for all lithium, caesium and tantalum 95% of the market value of such resources, as determined with reference to the Asian Metal Market. • If Sinomine elects not to purchase the lithium, caesium or tantalum, PWM may sell those materials to a third party at a rate which is not lower than the rate that Sinomine would have paid for such materials.
<< Previous
Bullboard Posts
Next >>