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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 24, 2024 10:20am
142 Views
Post# 36238185

Thoughts on today's news!

Thoughts on today's news! This is great news and is just one more brick in the foundation of PWM. It sounds like all interested parties are Majors and in terms of the market a strategic deal with a major is the catalyst we need to see appreciation in the SP. The strategic partnership will also push this story onto the desks of institutions and no doubt analysts. With an estimated capex in the tens of millions these Majors could provide the funding necessary for production out of what they call petty cash. Chris Evans stated that they were getting alot of interest in the Cesium from North America, Japan and South Korea. Then last week in Haydn's interview he confirmed the interest and with this news release it certainly supports that a deal will be done. The money from Ontario is far from the most important part of the grant it is the fact that Ontario is recognizing Case Lake as part of the supply chain solution and could close the loop from basic material supply right through to manufacturing. Todays news adds to my comfort level that Case Lake will be put into production. GLTA
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