Business
GSAe Update
GSAe Update.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n08 August 2024\nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\nGSAe Update\nPower Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London listed exploration company with a global project portfolio, is pleased to provide an update on its 75% owned subsidiary GSA Environmental Ltd (\"GSAe\").\nGSAe is a highly skilled engineering and technology provider and process licensor with over 25 years of global project experience in the remediation and reprocessing of a wide range of industrial waste. Its world leading technology enables the economic extraction of critical and strategic metals from 'secondary sources' such as power station ash, refinery residues, titanium dioxide (\"TiO2\") waste and spent catalysts. GSAe's ongoing research into new processes is expected to lead to expansion into other products including mining waste and tailings dumps.\nSean Wade, Chief Executive Officer of Power Metal Resources plc, commented: \n\"It is pleasing to see the exciting updates and workstreams across the GSAe portfolio. The essential work being undertaken by the team provides vital technology in the global drive towards a greener future, and progresses the potential for GSAe to add significant revenue contribution to the Power Metal portfolio. With excellent projects in the pipeline and an expected increase in contract awards, GSAe is at an exciting stage of its development.\n\"I look forward to providing further updates from this array of projects.\"\n \nGSAe Project Summary\nThe team at GSAe has been busy developing new business, as well as following up on recent project work, to provide solutions to remediate multiple industrial waste streams and historic landfill sites.\nA summary of current projects:\n· GSAe is working with a state owned company in Saudi Arabia on an an initial study to process fly ash primarily for the extraction of vanadium and nickel. This work involves detailed bench scale analysis at the laboratory in Lincoln, combined with initial process flow and plant design drawings, and premininary financial calculations for plant construction and operations. As part of this commission, GSAe is also testing samples from historic fly ash landfill sites to provide initial solutions for the processing and extraction of critical metals, and resultant cleaning of such site...