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<title>Power Metal Resources Plc — News on 6ix</title>
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<description>Latest news and press releases for Power Metal Resources Plc on 6ix.</description>
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<title>Power Metal Resources Plc</title>
<link>https://6ix.com/company/power-metal-resources-plc</link>
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<title>Completion of East Hawkrock Drill Programme</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/completion-of-east-hawkrock-drill-programme</link>
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<pubDate>Tue, 28 Apr 2026 06:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has completed its nine-hole, 2,120.4-metre diamond core drilling programme at East Hawkrock, which confirmed a favourable geological setting for unconformity-related uranium mineralisation, including structurally complex basement rocks, deep palaeoweathering, and evidence of hydrothermal fluid systems with elevated radioactivity up to 280 counts per second. While no economic uranium mineralisation was intersected, laboratory analysis is underway with results expected in</description>
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<title>Tati Gold Project, Botswana - Development Update</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/tati-gold-project-botswana-development-update</link>
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<pubDate>Mon, 27 Apr 2026 06:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has announced significant progress at its Tati Gold Project in Botswana, with the Environmental Management Plan approved and the access agreement signed, allowing on-site technical work to commence shortly, including rotary air blast drilling. Tuscan Holding PTY LTD will manage and fund this work program at no cost to Power Metal, with the aim of advancing the project towards potential small-scale mining operations. Tuscan has the option to acquire a 75% interest in the</description>
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<title>Uranium JV: Badger Lake Drill Programme</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/uranium-jv-badger-lake-drill-programme</link>
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<pubDate>Mon, 20 Apr 2026 06:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has completed a diamond drilling programme of 1,922 metres across four holes at its Badger Lake Property, confirming favourable geological conditions for uranium mineralisation, including hydrothermal alteration and preserved palaeoweathering profiles indicative of potential REDOX fronts, although no elevated radioactivity was detected. Core samples have been sent for laboratory analysis, with results expected to inform future exploration plans.
Disclaim</description>
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<title>Fermi Exploration Update; East Hawkrock Drilling</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/fermi-exploration-update-east-hawkrock-drilling</link>
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<pubDate>Fri, 27 Mar 2026 07:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has commenced its maiden 2,500-meter diamond drill program at the East Hawkrock Uranium Property, part of its joint venture with Fermi Exploration Ltd. This program targets high-grade uranium mineralization by testing structural targets identified through extensive geophysical surveys, including electromagnetic, gravity, and magnetic data, complemented by radon in water sampling. The drilling is focused on a 6-kilometer conductive corridor exhibiting significant structu</description>
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<title>Strategic investment in Chilean copper developer</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/strategic-investment-in-chilean-copper-developer</link>
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<pubDate>Fri, 20 Mar 2026 07:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has made a strategic investment of US$1 million for a 2.6% stake in Next Minerals S.A., a Chilean copper developer. This investment provides exposure to the Comahue underground copper mine, which has completed detailed engineering and secured permits, boasting a Phase 1 Mineral Resource Estimate of 9.91 million tonnes at 0.81% copper. The project has a projected 7-year Life of Mine with an estimated revenue of US$495 million and EBITDA of US$140 million. Next Minerals a</description>
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<title>Historic transaction in own shares & TVR</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/historic-transaction-in-own-shares-and-tvr</link>
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<pubDate>Tue, 10 Mar 2026 13:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has announced a correction to a previous share acquisition, clarifying that 250,000 ordinary shares were acquired on January 26, 2026, not 252,000. Additionally, on January 21, 2026, the company purchased 51,300 ordinary shares at 15.25 pence each, all of which are held in treasury. Following these transactions, Power Metal Resources now holds 1,994,161 shares in treasury, with the total number of voting rights in the company standing at 113,616,276.
Dis</description>
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<title>Strategic investment and MoU signed with Greyridge</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/strategic-investment-and-mou-signed-with-greyridge</link>
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<pubDate>Mon, 02 Mar 2026 07:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has announced a strategic investment of US$1.5 million for an initial 4.6% shareholding in Greyridge Exploration Corp, a Canadian company focused on copper and gold in Saudi Arabia. This investment is part of Greyridge's up to US$10.0 million financing and is accompanied by a Memorandum of Understanding. The MoU establishes a framework for Power Metal's subsidiary, Power Arabia, and Greyridge to explore joint ventures or earn-in agreements across Greyridge's 25 licenses</description>
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<title>Uranium Joint Venture: Badger Lake Update</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/uranium-joint-venture-badger-lake-update</link>
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<pubDate>Mon, 09 Feb 2026 07:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has announced an update on its Badger Lake Uranium Property, with a 2,100-meter diamond drilling program scheduled to commence on March 1, 2026, to test two major shear zones and the S-Zone underlying a significant uranium, cobalt, and nickel soil anomaly. This program, part of the Fermi Exploration joint venture, will focus on an unconventional but compelling target within the Athabasca Basin, defined by structural controls, geophysical responses, and geochemical signa</description>
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<title>Balthaga Project Update</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/balthaga-project-update</link>
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<pubDate>Wed, 04 Feb 2026 07:19:00 GMT</pubDate>
<description>Power Metal Resources PLC is commencing a drill target definition programme at its Balthaga Project in Saudi Arabia, aiming to increase its shareholding to 30% by fulfilling further exploration expenditure requirements. This programme, split into two phases, will involve mapping, rock sampling, and infill soil geochemistry over the Hugban intrusion corridor, building on previously identified anomalies and targets for granite-related rare metal and rare earth element mineralisation. The company h</description>
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<title>Significant U Targets Delineated on Reitenbach</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/significant-u-targets-delineated-on-reitenbach</link>
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<pubDate>Tue, 03 Feb 2026 07:00:00 GMT</pubDate>
<description>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 re</description>
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<title>Tati Project Development Update</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/tati-project-development-update</link>
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<pubDate>Tue, 27 Jan 2026 07:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has announced a significant development at its Tati Gold Project in Botswana, with the formal approval of the Environmental Management Plan, a key milestone for advancing on-site activities including drilling. Discussions for the access agreement are nearing finalisation, which will permit access to the licence area for the planned work programme. Tuscan Holding PTY LTD, the option partner, will manage and fund the next phase, which includes rotary air blast drilling to</description>
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<title>Transaction in Own Shares</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/transaction-in-own-shares-268</link>
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<pubDate>Mon, 26 Jan 2026 07:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has purchased 252,000 ordinary shares at 15.4 pence per share, bringing its total treasury shares to 1,944,861. The company's total issued shares, excluding those in treasury, now stand at 113,665,576, which represents the total voting rights for shareholders.
Disclaimer*</description>
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<title>Transaction in own shares</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/transaction-in-own-shares-269</link>
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<pubDate>Mon, 12 Jan 2026 07:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has purchased 438,594 ordinary shares at a price of 14.521 pence per share on January 9, 2026, following shareholder approval for market purchases and the effectiveness of a capital reduction to facilitate returns. These shares will be held in treasury, leaving 115,171,843 ordinary shares in issue, which represents the total voting rights. This transaction demonstrates the company's commitment to providing value to its shareholders.
Disclaimer*</description>
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<title>Share Capital Reduction Effective</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/share-capital-reduction-effective-2</link>
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<pubDate>Thu, 08 Jan 2026 14:26:00 GMT</pubDate>
<description>Power Metal Resources PLC has announced the effective reduction of its share capital, a process approved by shareholders and confirmed by the High Court of Justice. This reduction, which became effective on December 20, 2025, following registration at Companies House, aims to create distributable reserves for future corporate flexibility and distributions. Importantly, the reduction has not altered the total number of ordinary shares in issue, which remains 115,610,437, nor has it impacted their</description>
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<title>Holding(s) in Company</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/holdings-in-company-530</link>
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<pubDate>Tue, 06 Jan 2026 07:10:00 GMT</pubDate>
<description>Power Metal Resources PLC has notified First Class Metals PLC of a change in its major holding, with its voting rights decreasing from 8.74% to 7.91% as of December 23, 2025. This change resulted in a total holding of 7.91% of the issuer's 19,033,802 voting rights. The notification was made on January 5, 2026, and Power Metal Resources PLC is not controlled by any other entity.
Disclaimer*</description>
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<title>Balthaga Project Saudi Arabia: Exploration Update</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/balthaga-project-saudi-arabia-exploration-update</link>
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<pubDate>Mon, 05 Jan 2026 07:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has achieved a 20% stake in the Balthaga Project in Saudi Arabia after fulfilling an initial expenditure of US$350,000, with the potential to earn an additional 10% interest through a further US$150,000 expenditure. A comprehensive data review has identified new prospective targets for rare earth and critical elements, including technology and specialty metals associated with granite-hosted mineralisation, delineating 12 revised targets. Further exploration activities, </description>
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<title>Block 8 Oman: Drilling Programme Results</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/block-8-oman-drilling-programme-results</link>
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<pubDate>Mon, 15 Dec 2025 07:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has announced encouraging results from its maiden drilling programme at the Block 8 concession in Oman, completing eight drill holes for a total of 724.45 metres. The programme identified lithological units, alteration, and mineralisation consistent with copper-dominant Volcanogenic Massive Sulphide deposits, with notable downhole intercepts including 1.04% Copper over 1.5m in hole AM25DD001. This work fulfills the $740,000 expenditure required to earn a 12.5% stake in </description>
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<title>High Court Approval of Share Capital Reduction</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/high-court-approval-of-share-capital-reduction</link>
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<pubDate>Tue, 09 Dec 2025 18:25:00 GMT</pubDate>
<description>Power Metal Resources PLC has received High Court approval for its share capital reduction, which aims to create distributable reserves for future flexibility. This reduction involves cancelling paid-up capital on deferred shares, the Company's Share Premium Account, and the Capital Redemption Reserve, but it does not alter the number of ordinary shares in issue, which remains 115,610,437. The Order is expected to be registered at Companies House by December 24, 2025, at which point the reductio</description>
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<title>Directions Hearing for Share Capital Reduction</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/directions-hearing-for-share-capital-reduction</link>
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<pubDate>Fri, 21 Nov 2025 18:25:00 GMT</pubDate>
<description>Power Metal Resources PLC has provided an update on its application to approve a reduction of its share capital, with a directions hearing attended today and a confirmation hearing scheduled for December 9, 2025. This proposed reduction, announced on September 19, 2025, aims to create distributable reserves for future flexibility, with the reduction expected to be effective around December 24, 2025, subject to court approval and regulatory filings.
Disclaimer*</description>
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<title>Perch River Uranium Property Drill Assay Results</title>
<link>https://6ix.com/company/power-metal-resources-plc/news/perch-river-uranium-property-drill-assay-results</link>
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<pubDate>Thu, 20 Nov 2025 07:00:00 GMT</pubDate>
<description>Power Metal Resources PLC has announced drill assay results from its Perch River Uranium Property joint venture with Fermi Exploration Ltd, revealing highly anomalous lead isotope values of up to 242.8 (²⁰⁶Pb/²⁰⁴Pb) and 0.15 (²⁰⁷Pb/²⁰⁶Pb) in drillhole PR25_04A. These results confirm the Rapids Fault System as a high-priority exploration target, indicating the presence of a mineralised system with potential for uranium, despite not encountering economic uranium grades directly. Further sampling a</description>
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