Business
Quarterly Business Operational Update
Quarterly Business Operational Update.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5060H\n Power Metal Resources PLC\n 06 April 2022\n \n \n \n \n 6 April 2022\n \n \n Power Metal Resources plc \n \n \n (\"Power Metal\" or the \"Company\")\n \n \n Quarterly Business Operational Update\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 the March 2022 quarterly business operational update for shareholders.\n \n \n Paul Johnson, Chief Executive Officer of Power Metal Resources plc, commented: \n \n \n \"We built our portfolio for a time when metal prices would rise, when metal supply shortages would become exposed, and when participants in the metals space would see the strategic value of a well-constructed portfolio of active mineral projects. \n \n \n Power Metal has benefited from a 3-year long opportunity to build this portfolio, through challenging market conditions. With entrepreneurial hard work, our team has positioned the business with the right combination of commodity, geographical and geological diversification.\n \n \n Although we face many global challenges, we find ourselves today in an environment where governments, financial institutions, large corporations and major metal producers openly recognise the importance of secure strategic metal supply. These various organisations know that the large-scale discoveries of tomorrow rely upon the gregarious and bold explorers of today.\n \n \n Below you will see our highlights for the quarter to March 2022. Here we present details of Power Metal's four operational drill programmes, four spin-out/disposal activities, an advancement of strategic uranium interests and our other various district scale mineral opportunities.\n \n \n We did not build our portfolio to stay wedded to underperforming or sub-optimal projects and in the last three years the Company has taken action to cease expenditure in the Ivory Coast, Cameroon and DRC, in the latter case, on hold pending ongoing operational conditions being met. If we don't see real value or an adequate commercial pathway for any project we will act as we always have; decisively. \n \n \n I trust this quarterly report, and future reports that follow, will help investors track our operational progress and expectations. We have slimmed down the conten...