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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 Sep 14, 2024 3:40pm
159 Views
Post# 36223988

the puzzle pieces

the puzzle piecesThis community knows that I am the type of person that loves to fit the puzzle pieces together. My interest in Case Lake began with Dr. Julie and her geological interpretation of Case Lake. Two and one half years later I have seen multiple parties who share the vision that Case Lake is very much an anomaly and in time will become a very profitable mine. Keep in mind that PWM has not put out an MRE and yet the following parties have obviously seen something that caused them to become involved. Sinomine, Winsome, Warratah and Lithium Royalties have all invested a total of $12,000,000 in Case Lake and in Lithium Royalties case they ponied up $1,500,000 for a royalty that is worthless unless Case Lake becomes a producer. When the President of Lithium Royalties was asked how they chose which Companies to invest in he stated they have a team including geologists that were responsible for doing a deep dive into the Company of interest. From there he pointed to four must haves. 1) Must be a tier one jurisdiction 2) Must have access to infrastructure 3) Must be a high-grade project preferable close to surface 4) Must have a high probability of production in the future. These were in his words non-negotiable. Point four really spoke to me as what did their DD uncover that was not common knowledge after all there was no MRE? So along comes 2024 our newly appointed VP of Exploration began using the latest technology tools to help them define what the signatures were suggesting below the surface. This was hardly a surprise as he had written papers on the value of these new tools. Then a new CEO from Australia who no doubt would have done his DD on the potential of Case Lake before moving he and his family all the way to Canada. Then came the shocker the drill was mobilized, and the plan was released that the program was 4000 meters far less than I expected. This made no sense to me whatsoever as I was expecting at least 10,000 meters. The program was completed and yes more cesium was discovered and PWM announced they were doing more technological drone testing between Dome Nine and West Joe. This made alot of sense to me as Dr. Julie believed the Dykes were continuous for ten kilometers. Shortly after this was disclosed Chris Evans was on Rock Stocks and told Rodney there was a lot of interest in the Cesium at Case Lake and the lithium was the sleeper. Again, what were these interested parties seeing that we were not? Shortly after this I took note that PWM was completing studies such as water testing, archaeology studies, metallurgy studies and structural studies that would normally be done on a project far more advanced than Case Lake and much closer to a production decision. Thats when it hit me. Case Lake knew full well they have a mineable resource, and they also understand it could very well be one of the lowest cost 3 mineral mines in North America. Was this the puzzle piece I was missing all along. This week PWM's new CEO was interviewed on Rock Stocks and spilled the beans which confirmed my new belief. Just a couple of points from that interview. 1) 80 kilograms of material being used to produce Cesium products 2) 40-kilogram sample to develop separation expectations.3) Expectation is to have a resource of more than 10% of the cesium already mined on the planet 4) Capex in the tens of millions 5) Timeline to production 18 months 5) In talks with at least 5 different strategic partners. In conclusion although the market has yet to recognize what is going on here there is little doubt in my mind that Case Lake will become a very profitable mine in the near future and the blue sky of finding additional deposits is unthinkable. Will leave you with just one of Dr. Julies observations. "Having been on 90% of the pegmatite properties in Ontario Case Lake without a doubt has the best opportunity to become a profitable mine in the future".
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