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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 VercrusseCon Jun 24, 2024 11:36am
193 Views
Post# 36103331

Relation to Winsome Resources

Relation to Winsome ResourcesTrader, thank you for your valuable contributions.

I wonder what the impact is of their contract with Winsome Resources, and more special this part "
Under the agreement, Winsome will also acquire Sinomine’s offtake rights for the lithium, caesium and tantalum from the Power Metals-owned Case Lake Project in Ontario, Canada.Winsome will also obtain Sinomine’s rights and obligations signed between Sinomine and Power Metals in March 2022."

What does it mean for interested parties?  they can never buy directly from Power? and what if a major mining wants to buy Power metals?  It seems only to be valid for Case Lake and not the others ...

This must have an impact on the valuation of the company.  In my interpretation a buyer is not free to do with the metals whats he want.

What do you think? or others.



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