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Power Metals (TSXV:PWM) prepares for advanced exploration permit for its Case Lake Property

Mining, Sponsored, The Watchlist
TSXV:PWM
27 April 2022 11:45 (EDT)

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Power Metals (PWM) and shareholder Sinomine Resource Group are preparing to acquire an advanced exploration permit for the Case Lake Property.

The property is located in northeastern Ontario.

The requirements for the permit will be completed concurrently with an upcoming 5,000-metre drill program at Case Lake.

Johnathan More, Chairman and Director of Power Metals sat down with Shoran Devi to discuss the news.

“Power Metals and Sinomine are quickly advancing their relationship by mutually advancing our Case Lake property to production.  We have a huge advantage with Sinomine’s ownership of the Tanco mine and processing facility which is strategically located in close proximity to our Case Lake deposit.  This will allow us to avoid huge capital costs by being able to potentially ship our rock to this facility instead of having to build one ourselves.  Our trifecta of cesium, lithium, and tantalum gives us a huge advantage to make this possible.”

Power Metals Corp. is a diversified Canadian mining company with a mandate to explore, develop and acquire high-quality mining projects.

Power Metals Corp. (PWM) opened trading at C$0.29 per share.

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