Power Metal Resources (POW)

Sector:

Mining

Index:

FTSE AIM All-Share

14.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 22.50
  • 52 Week Low: 10.00
  • Currency: UK Pounds
  • Shares Issued: 110.67m
  • Volume: 690,703
  • Market Cap: £16.05m
  • RiskGrade: 378

Power Metal's Selta investment to be granted all exploration licences

By Josh White

Date: Tuesday 15 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Power Metal Resources updated the market on the Selta Project in Australia's Northern Territory on Tuesday, which is prospective for rare earth elements (REE) and uranium.
The AIM-traded form said URE Metals had been notified by the Northern Territory government's Delegate for the Minister for Mining and Industry of its intention to imminently grant all Selta Project mineral exploration licences, being EL 32737, EL 32738 and EL 32755.

First Development Resources, meanwhile, had started an in-depth review of all available geological, geophysical and geochemical data associated with Selta and adjacent ground.

The review was aiming to identify priority targets for further investigation, Power Metal explained.

Selta is held by the Australia-domiciled company URE Metals, which is a wholly-owned subsidiary of FDR.

Power Metal holds a 96.15% interest in FDR, which is planning to list in London in the second quarter of 2022.

"The profile of REE and uranium exploration has increased significantly of late as the demand for critical minerals to support technological advancements in electric vehicles and alternative energy sources continues to grow," said Power Metal chief executive officer Paul Johnson.

"Power Metal acquired the Selta Project to secure a strategic positioning in this highly prospective REE and uranium area in the Northern Territory of Australia."

At 1427 GMT, shares in Power Metal Resources were down 3.83% at 1.4p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

POW Market Data

Currency UK Pounds
Share Price 14.50p
Change Today 1.00p
% Change 7.41 %
52 Week High 22.50
52 Week Low 10.00
Volume 690,703
Shares Issued 110.67m
Market Cap £16.05m
RiskGrade 378

POW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.92% below the market average34.92% below the market average34.92% below the market average34.92% below the market average34.92% below the market average
66.41% below the sector average66.41% below the sector average66.41% below the sector average66.41% below the sector average66.41% below the sector average
Price Trend
46.29% below the market average46.29% below the market average46.29% below the market average46.29% below the market average46.29% below the market average
21.68% above the sector average21.68% above the sector average21.68% above the sector average21.68% above the sector average21.68% above the sector average
Income Not Available
Growth
54.22% above the market average54.22% above the market average54.22% above the market average54.22% above the market average54.22% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average

POW Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:29 64,186 @ 14.64p
16:28 876 @ 15.00p
16:28 50 @ 15.00p
16:28 926 @ 14.00p
16:28 137,889 @ 14.50p

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