14 May 2025
Power Metal Resources plc ("Power Metal" or the "Company")
Director Dealings
Power Metal Resources plc (AIM:POW, OTCQB:POWMF) the London listed exploration company with a global project portfolio was notified on 14 May 2025 that today Mr Sean Wade and Mr Edmund Shaw made purchases of ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares").
Following the above purchases Mr Wade's beneficial interest in the Company has increased to a total of 1,442,035 Ordinary Shares, representing approximately 1.25% of the issued share capital of the Company and Mr Shaw's beneficial interest in the Company has increased to a total of 950,000 Ordinary Shares, representing approximately 0.82% of the issued share capital of the Company.
PDMR Disclosure
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018, provide further detail on the director's share dealing.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
1. Sean Wade 2. Edmund Shaw |
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2 |
Reason for the notification |
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a) |
Position/status |
1. Chief Executive Officer 2. Non-Executive Director |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Power Metal Resources Plc |
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b) |
LEI |
213800VNXOUPHTX53686 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument |
ordinary shares of 2p each |
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Identification code |
ISIN: GB00BMFSSJ73 |
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b) |
Nature of the transaction |
1 and 2: Purchase of shares |
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c) |
Price(s) and volume(s) |
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1. |
Price(s) |
Volume(s) |
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12.0 pence |
150,000 |
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12.925 pence |
250,000 |
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12.642 pence |
103,800 |
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2. |
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d) |
Aggregated information |
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- Aggregated volume |
1. 503,800 2. 200,000 |
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- Price |
1. 12.642 pence 2. 12.49 pence |
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e) |
Date of the transaction |
1 and 2: 14 May 2025 |
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f) |
Place of the transaction |
1 and 2: XLON |
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For further information please visit https://www.powermetalresources.com/ or contact:
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Power Metal Resources plc |
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Sean Wade (Chief Executive Officer) |
+44 (0) 20 3778 1396 |
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SP Angel Corporate Finance LLP (Nomad and Joint Broker) |
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Ewan Leggat/Jen Clarke |
+44 (0) 20 3470 0470 |
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Tamesis Partners LLP (Joint Broker) |
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Richard Greenfield/Charlie Bendon |
+44 (0) 20 3882 2868 |
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BlytheRay (PR Advisors) Tim Blythe/Megan Ray |
+44 (0) 20 7138 3204 |
NOTES TO EDITORS
Power Metal Resources plc - Background
Power Metal Resources plc (AIM:POW, OTCQB:POWMF) is a London-listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.
The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa, Saudi Arabia and Australia.
Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.
Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.
Value generated through disposals will be deployed internally to drive the Company's growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.