Power Metals Corp. is pleased to announce, in collaboration with its largest shareholder Sinomine Resource Group , that it has decided to begin the process to acquire an Advanced Exploration Permit on its 100% owned Case Lake Property from Ontario's Ministry of Northern Development, Mines, Natural Resources and Forestry. The Advanced Exploration [...]
Power Metals Corp. is pleased to announce that it has received an exploration permit for drilling on its 100% owned Case Lake Property in northeastern Ontario from Ministry of Northern Development, Mines, Natural Resources and Forestry. The exploration permit is valid for three years. Power Metals has started planning a first phase of a 5,000 meter [...]
Power Metals is pleased to announce the appointment of Zhiwei Wang to its board of directors. Mr. Wang currently serves as the Vice President of Sinomine Rare Metals Resources Co., Limited. Mr. Wang is also the General Manager & President of the North America Division and is responsible for overseeing the operation of Tantalum Mining Corporation of [...]
Power Metals Corp. is pleased to announce that further to its news release dated Jan 21, 2022, it has entered into the formal off-take agreement with Sinomine Resource Group. Accordingly, the $1,500,000 held in escrow pending completion of the off-take agreement has been released to the Company and the 7,500,000 subscription receipts held by [...]
Power Metals Corp. 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 for total gross proceeds to the Company of $3,000,000. Pursuant to the equity financing, Sinomine Resource Group [...]
Power Metals Corp. is pleased to announce that it is preparing the documents to apply for an exploration permit from the Ontario government for a drill program on its Case Lake Lithium -Cesium -Tantalum Property. As per Power Metals' agreement with Sinomine Rare Metals Resources, the two companies will jointly fund the drill program. The purpose of [...]
Power Metals Corp. is pleased to announce that it has entered into an agreement with Sinomine Rare Metals Resources Co Limited which provides for an equity financing and an agreement to negotiate an offtake agreement with Sinomine. The parties initially entered into a letter of intent in September 2020. Founded in 1999, Sinomine Resource Group, is [...]
Power Metals Corp. is pleased to announce that it has entered into an agreement with Sinomine Rare Metals Resources Co Limited which provides for an equity financing and an agreement to negotiate an offtake agreement with Sinomine. The parties initially entered into a letter of intent in September 2020. Founded in 1999, Sinomine Resource Group, is [...]
Power Metals Corp. is pleased to announce that Power Metals has decided to resume exploration on the Case Lake Li-Cs-Ta Property. The Company's Strategic Review Committee has determined it is in the best interest to all shareholders to continue the next stage of exploration on our own. The Company has received multiple partnership and "off-take [...]
Power Metals Corp. is pleased to announce that it has entered into an amending agreement with Exiro Minerals Corp. regarding the remaining payments due by the Company to acquire the Paterson Lake and Gullwing-Tot Lakes properties. To exercise the option to acquire the properties, the Company and Exiro Minerals have agreed that the remaining cash [...]
Power Metals Corp. is very pleased to announce that it has entered into a letter of intent with Sinomine Resource Group Co., Ltd. of Beijing, China whereby Sinomine will partner with PWM to further the exploration and development of PWM's mineral property interests in Canada. Sinomine is principally interested in PWM's Case Lake, Paterson Lake, and [...]
Power Metals Corp. is pleased to announce that we have staked an additional 107 cell claims to expand our Case Lake Property, Cochrane, northeastern Ontario. The staking added 4 additional granitic domes to the Case Lake Property bringing the total to 14 domes. Each dome has the potential to host Li-Cs-Ta pegmatite dykes close to surface. The new [...]
