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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

Comment by trader53on Jun 16, 2024 1:12pm
130 Views
Post# 36091167

RE:RE:Pwm is a tantalum and cesium play

RE:RE:Pwm is a tantalum and cesium play I totally agree that a strategic partner would shine a light on the value story of Case Lake. As Chris Evans stated that the lithium story at Case Lake is the sleeper but the Cesium story is getting hotter and hotter with multiple parties expressing interest. The market is truly missing that PWM are in the early stages of developing two LCT deposits the Main and West Joe with the real possibility that this could end up as the discovery of a district scale World Class Deposit. When it comes to Jusrisdiction  no one could argue its tier one. Ontario has been agressively pushing for a closed loop lithium supply chain and has to date attracted 5 new battery and cathode plants. It has also attracted more automotive oems whose intention is to build ev's in Ontario. To close the loop I expect to see the Ontario Government turns its attention to the final leg and that is material supply.       PWM has been the baby thrown out with the bathwater as Lithium Stocks from producers to explorers have suffered huge losses some as much as 80%. In comparison though PWM is still up 10% year over year and I believe that there are some market participants who understand the value proposition and are happy to accumulate at these levels. Will it go lower from here? Hard to say! Looking throughout the litium explorers its hard to find an explorer who has three payable ores which in my opinion could setup Case lake as one of the lowest cost producers in North America. My belief is it won't take long before a major strategic partner steps up and buys a percentage of Case Lake! If the results from this latest 4000 meter program suggest that the resource on West Joe is indeed much larger than proven to date this will only put more pressure on those interested to act quicker. This is why I am so interested in the results from the stepouts on West Joe. The summer program is also very intrigueing as it is clear that PWM is going after the ground between Dome 9, the Main and West Joe which if successful could prove up Dr. Julies belief that the mineralized trend and dykes could extend up to 10 kilometers. If proven this would be a game changer no doubt! PWM'S plan to do a very thorough 25 meter centered Mag between Dome 9 and West Joe tells me they are looking for that corridor and will give them quality drill targets for the summer program. There is no doubt in my mind that Winsome are developing these programs and success will lead to more and more agressive exploration. Just one mans opinion!
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