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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 Dec 07, 2024 5:55pm
210 Views
Post# 36351270

Tanco to spend $176,000,000

Tanco to spend $176,000,000
Quoted from Winnipeg Free Press; "Tanco are preparing to invest $176 million to build a new concentrator in Manitoba." "Tantalum Mining Corp. of Canada Ltd., which owns the lithium Tanco Mine near Lac du Bonnet, has already begun preliminary work on the site and is in discussions with neighboring Sagkeeng First Nation." "Bill Curry, vice-president of North American business for Tantalum, said the additional capacity that will become available will initially be deployed to reprocess the mine’s tailings to extract lithium and cesium. "         
    This speaks loudly as to the value of cesium that they would spend $176,000,000 plus the cost of mining to re-run waste rock hoping to capture cesium at a grade of less than 1.5%. Case Lake will be a cash cow and one day the market which is fast asleep on PWM will wake up. 
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