VANCOUVER, BC, Jan. 21, 2022 /CNW/ - Power Metals Corp. ("Power Metals" or the "Company") (TSX VENTURE: PWM)(FRANKFURT: OAA1)(OTC: PWRMF) is pleased to announce that it has closed its previously announced $1,500,000 equity financing with Sinomine Resource Group Co., Ltd., and the concurrent non-brokered financing of an additional $1,500,000 in units (the "Units") for total gross proceeds to the Company of $3,000,000.