Power Metals Corp V.PWM

Alternate Symbol(s): PWRMF

Metals & Mining Industrial Metals & Minerals

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 .

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Power Metals Corp > Off take agreement!!

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Comment by VeritasVernon Apr 06, 2024 12:34am

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Post# 35974446

RE:RE:RE:RE:Off take agreement!!

What would be the benefit of merging with Winsome if they don't have the deep pockets to develop the mine? So we essentially give our shares to Winsome for 1/2 of their shares, essentially losing 50% of our value and still they would have to dilute or take on debt to develpe the mine? What if PWM shares double from .43 to .86 which would not be unheard of if the drill results are conclusive. Initial thoughts say PWM holds on for a buyer at multiples. How have other small mining stocks managed to navigate under this scenario when their shares went from 0.40 to say $15?

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