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Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Buys Durrant Lake uranium property, located in the Athabasca Basin area in Saskatchewan, Canada, through claim staking. Says claims have been registered with the Mineral Administration Registry Saskatchewan at a total cost of C$3,519, about £2,315. Claims will remain valid for two years.
Says with the addition of Durrant Lake, its Athabasca uranium portfolio now consists of eleven properties with a combined total area of 780 square kilometres.
Chief Executive Officer Paul Johnson says: ‘The Durrant Lake uranium property located within the Athabasca Basin, which hosts some of the world's highest grade uranium deposits, represents a significant addition to the company's already sizeable Saskatchewan-focused uranium portfolio.’
Current stock price: 1.42 pence, up 0.4% on Friday in London
12-month change: down 27%
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