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Power Metals Corp V.PWM

Alternate Symbol(s):  PWRMF

Metals & Mining Industrial Metals & Minerals
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

Power Metals Corp > Posted by budmancubfan on CEO
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Post by trader53on Dec 14, 2024 5:13pm
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Post# 36362672

Posted by budmancubfan on CEO

Posted by budmancubfan on CEORationale for next week: 1) there has been a lot of work done both from a drilling stand point and behind the scenes in general. Round III of drilling should be wrapped up and I'd assume visuals have confirmed what was expected. So enough proof for a major to move in. @trader53 has given enough insight. 2) Albermarle seems the logical partner and there has been plenty of time to work out the details. As an American company it may make sense to move on a deal with PWM before the end of the year and change in administrations. 3) Getting the deal in the books before the end of the year could provide some tax benefits, but mainly getting the deal done allows everyone to relax for a couple of weeks and then get ready to fire back up shortly after the new year.
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