Top Page
Power Metal Resources Plc
(LSE:POW)
Power Metal Resources Plc (POW) vs. S&P 500 (SPY)
Power Metal Resources Plc Business Overview & Revenue Model
Power Metal Resources Plc Financial Statement Overview
| Breakdown | ||||
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 78.00K | 37.00K | 37.00K | 9.00K | 0.00 | Gross Profit |
| 78.00K | 37.00K | 37.00K | 9.00K | 0.00 | EBIT |
| -1.09M | -2.90M | -521.00K | -1.39M | -1.59M | EBITDA |
| -2.81M | -284.00K | -925.00K | -757.00K | -875.00K | Net Income Common Stockholders |
| -1.10M | -2.42M | -694.00K | -1.41M | -1.54M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 8.29M | 3.94M | 1.46M | 913.00K | 171.00K | Total Assets |
| 15.36M | 14.61M | 6.28M | 2.67M | 1.64M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -1.10M | -1.56M | -1.28M | -913.00K | -171.00K | Total Liabilities |
| 885.00K | 850.00K | 317.00K | 277.00K | 66.00K | Stockholders Equity |
| 13.57M | 11.69M | 6.27M | 2.67M | 1.78M |
| Cash Flow | Free Cash Flow | |||
| -2.92M | -4.07M | -1.09M | 232.00K | -606.00K | Operating Cash Flow |
| -2.12M | -2.51M | -564.00K | -453.00K | -591.00K | Investing Cash Flow |
| -1.82M | -2.18M | -2.71M | -685.00K | -288.00K | Financing Cash Flow |
| 3.48M | 4.96M | 3.64M | 1.88M | 907.00K |
Power Metal Resources Plc Technical Analysis
Power Metal Resources Plc Peers Comparison
Power Metal Resources Plc Corporate Events
Power Metal Resources PLC has announced promising results from a gravimetric survey at its Block 8 exploration concession in Oman, conducted by its subsidiary Power Arabia Ltd. The survey identified five anomalies, including the H1 Target, which may indicate the presence of massive sulphide mineralisation. The company plans to extend the survey to delineate the full extent of the H1 Target and is preparing for a diamond drilling program. These developments could enhance Power Metal’s position in the mineral exploration sector and potentially deliver significant value to stakeholders.
Power Metal Resources PLC has announced a diamond drilling program at its Drake Lake Silas Uranium Property in Canada, aiming to explore high-priority Iron Oxide Copper Gold (IOCG) targets. The program, scheduled to commence in June 2025, will involve eight drill holes totaling 2,400 meters, supported by geophysical and geochemical surveys. This initiative is part of Power Metal’s strategy to enhance its uranium portfolio, potentially impacting its market positioning by tapping into significant IOCG deposits known for their uranium, copper, and gold resources.
Power Metal Resources PLC has signed an Option Agreement to dispose of its 30% interest in Silver Peak Resources Limited to its joint venture partner, Michael B Nugent. This move aligns with the company’s strategy to streamline its portfolio and optimize shareholder returns by making efficient use of its capital position. The agreement outlines a structured payment plan for the acquisition of Power Metal’s interest over a three-year period, reflecting the company’s ongoing review of its activities and commitment to maximizing shareholder value.
Power Metal Resources PLC has announced an exploration update for its Reitenbach Uranium Property, highlighting promising targets identified through geophysical surveys and fieldwork. The property has been expanded by 27.5% to encompass additional prospective areas, and further exploration, including drilling, is planned to potentially discover commercial uranium deposits, marking a significant step in the company’s ambitious exploration efforts.
Power Metal Resources PLC announced that it will exit its investment in the Haneti Project, following Katoro Gold PLC’s decision to cease further investment due to insufficient prospectivity. The decision aligns with Power Metal’s focus on maximizing shareholder value and indicates a willingness to make similar decisions for other projects if necessary.
Power Metal Resources PLC has announced an extension to the deadline for signing a formal agreement with Al Masane Al Kobra Mining Company (AMAK) regarding a 49% stake in the Qatan exploration licence in southern Saudi Arabia. Despite the non-binding nature of the Letter of Intent, both parties are confident that the agreement will become binding, which could significantly impact Power Metal’s operations and industry positioning by expanding its exploration activities in Saudi Arabia.
Power Metal Resources Plc has announced the partial disposal of its stake in Guardian Metal Resources PLC (GMET) by selling shares and warrants for over £9.2 million, which will be used to redeem a loan and for general corporate purposes. This transaction strengthens UCAM Ltd’s position as GMET’s largest shareholder while Power Metal retains a significant stake, ensuring continued potential for returns from GMET and its broader project portfolio, which includes ventures in various global regions.
Power Metal Resources PLC has acquired the Fortin River Uranium Project in northern Saskatchewan, Canada, through mineral claim staking. Preliminary geophysical survey results suggest the presence of a previously unidentified meteor impact crater, which may enhance the prospect of uranium mineralization similar to other notable uranium deposits in the region. This discovery could significantly impact the company’s exploration efforts and positioning in the uranium sector.
Power Metal Resources has announced significant advancements at its Tait Hill Uranium Property, identifying a promising intrusion-related uranium target at the Antler Zone. The findings, including high uranium values and radon anomalies, suggest substantial potential for uranium mineralisation, enhancing Power Metal’s positioning in the uranium exploration industry.
Power Metal Resources PLC has announced a partial disposal plan for its stake in Guardian Metal Resources PLC, intending to sell shares and warrants to UCAM Ltd for over £9 million. This transaction, if completed, will allow Power Metal to redeem an existing loan and fund other corporate purposes. The CEO expressed confidence in the investment’s success, which has yielded significant returns and validates the company’s strategic approach, potentially boosting shareholder confidence.