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Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - Provides an update on its Clearwater and Thibault Lake uranium properties in Saskatchewan, Canada. Says government data indicates the presence of multiple occurrences of strong vein-hosted uranium mineralisation on both properties.
Notes sample assays of up to 0.63% triuranium octoxide and 6.6% triuranium octoxide at the Clearwater and Thibault Lake properties, respectively. Company adds that results of a historical data review supplement and support the strong uranium mineralisation identified during its ground exploration completed on the properties during the fourth quarter of 2021.
Current stock price: 1.36 pence, up 0.4% in London on Friday
12-month change: down 38%
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