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Athabasca Basin - Uranium Portfolio Update
Athabasca Basin - Uranium Portfolio Update.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n 20 February 2023\n \n \n \n Power Metal Resources PLC\n \n \n \n \n (\"Power Metal\" or the \"Company\")\n \n \n \n \n Athabasca Basin - Uranium Portfolio Update\n \n \n \n \n Power Metal Acquires via Staking Hawkrock East and Hawkrock West Uranium Properties, Haresign Bay Property Size Reduced\n \n \n \n Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces an update in relation to its uranium property portfolio focused on the Athabasca Basin area in Saskatchewan, Canada.\n \n \n \n Paul Johnson, Chief Executive Officer of Power Metal Resources plc, commented: \n \n \n \n \n \"There is significant competition for high quality uranium ground in and surrounding the Athabasca Basin in Saskatchewan, Canada. As outlined below, there were other uranium companies also lodging applications over the Haresign Bay Property which we announced on 2 February 2023 and which has reduced the amount of ground we were able to secure at that project.\n \n \n \n \n The interest in the Athabasca Basin is noticeably increasing meaning we must accelerate the acquisition of additional ground. By moving quickly, the Power Metal technical team has already taken action by staking an additional two properties located within the Basin.\n \n \n \n \n Given the recognition of uranium as a key commodity for future power generation we are also accelerating our efforts to secure projects in other regions as quickly as possible to build our exposure. The level of interest in uranium exploration extends across many high-profile regions globally and there is no time to waste on this.\"\n \n \n \n \n HIGHLIGHTS:\n \n \n \n §\n All claims were acquired by direct mineral claim staking by the Power Metal technical team. They were acquired through the Mineral Administration Registry Saskatchewan (\"MARS\") electronic registry system on 15 February 2023. The staking acquisitions represent significant additions to the Company's uranium portfolio. Further information on the staking process can be found in the Further Information section below.\n \n \n \n \n \n §\n The newly acquired Hawkrock East and Hawkrock West uranium properties (collectively the \"Properties\") cover a total combined area of 4,280-hectares (42.80km2) within the prospective ...