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Significant U Targets Delineated on Reitenbach
Power Metal Resources PLC, through its joint venture Fermi Exploration Ltd, has identified three priority uranium targets totaling approximately 100 hectares on its Reitenbach Property in Saskatchewan, based on combined soil and radon sampling results from 2024 and 2025. These targets are consistent with a ribbon-type anomaly formed by glacial dispersion from a buried bedrock source, with potential for pegmatite and fault-hosted uranium mineralization. The company plans further exploration to refine targets for future drilling, aiming for capital efficiency. Disclaimer*
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n3rd February 2026\nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\nUranium Joint Venture\nFermi Exploration: Significant Pegmatite-Hosted U Targets Delineated on Reitenbach Property\n \nPower Metal Resources plc (AIM: POW, OTCQB: POWMF) is pleased to announce the results of soil and radon sampling from the Reitenbach Uranium Property in the Athabasca Basin, Saskatchewan. The Reitenbach Uranium Property is held under Power Metal's uranium-focused joint venture Fermi Exploration Ltd (\"Fermi\").\nCombined radon and soil geochemical sampling has identified three priority uranium targets totalling approximately 100 hectares on the Reitenbach Property, with results consistent with a ribbon-type anomaly formed by glacial dispersion from a buried bedrock source.\nHIGHLIGHTS:\n· Sampling during 2024 and 2025 has successfully determined three target areas as high-priority targets for pegmatite and fault-hosted uranium mineralisation\n· The sampling used combined radon and soil sampling to determine the location of a ribbon-type anomaly, through a mineralised boulder field and radiometric anomaly, previously highlighted as a significant target area.\n· Reitenbach hosts four further, largely untested radiometrically anomalous boulder fields, with significant scope for further work to determine similar targets.\n \nSean Wade, Chief Executive Officer of Power Metal Resources PLC commented:\n\"The radon and Ionic Leach programmes at Reitenbach have provided a useful layer of additional geological information in an area where conventional surface exploration is limited. This work has contributed further ranked targets to the Company's wider exploration portfolio, supplementing the two high-impact upcoming drill campaigns on other projects. We intend to continue applying these techniques selectively to support disciplined target generation across our assets.\"\n\nOVERVIEW\nThe Reitenbach Property is considered highly prospective due to its proximity to the Needle Falls Shear Zone, a major crustal-scale structure that hosts multiple occurrences of economic uranium mineralisation along its length. However, the property is predominantly obscured by surficial sands, gravels, and boulders, with historical exploration indicating that this cover conceals more than 90%...