Business
UK Government Critical Minerals Strategy Paper
UK Government Critical Minerals Strategy Paper.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n 22 July 2022\n \n \n Power Metal Resources plc (\"Power Metal\" or the \"Company\")\n \n \n \n United Kingdom Government Releases the 'UK's Critical Minerals Strategy' Policy Paper\n \n \n \n \n \n \n \n \n Power Metal Resources plc (LON:POW)\n the London listed exploration company seeking large-scale metal discoveries across its global project portfolio notes the publication today by the United Kingdom's Department for Business, Energy & Industrial Strategy (the \"Government\") released a policy paper entitled \"Resilience for the future: The UK's critical minerals strategy\" (\"Policy Paper\") which may be viewed below through the following link:\n \n \n \n \n https://www.gov.uk/government/publications/uk-critical-mineral-strategy/resilience-for-the-future-the-uks-critical-minerals-strategy\n \n \n \n \n The Policy Paper sets out the Government's strategy and outlines a number of objectives (pages 4-5) as well as a new approach towards critical minerals supply chains of which the following are particularly notable from the Company's perspective:\n \n \n - Champion London as the world's capital of responsible finance for critical minerals (further information page 30 of the Policy Paper).\n \n \n \n \n \n - Support UK companies to participate overseas in diversified responsible and transparent supply chains (page 22).\n \n \n \n \n \n - Boost global environmental, social and governance performance (\"ESG\"), reducing vulnerability to disruption and levelling the playing field for responsible businesses (page 26).\n \n \n \n \n \n - A cohort of minerals with high criticality for the UK is outlined which includes cobalt, lithium, rare-earth elements and tungsten as well as the Critical Minerals Expert Committee's first watchlist which includes Nickel. Power Metal is currently exploring for all of these critical metals within safe, mining-friendly jurisdictions (page 8).\n \n \n \n \n \n \n \n \n Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:\n \n \n \n \n \"We are encouraged by the Government's public recognition of the need for a more thought- provoking strategy towards the development of secure critical minerals supply chains.\n \n \n \n \n As a UK listed resource exploration and development company, Power Metal is w...