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Power Metal Resources PLC - London-based exploration company, with projects in Africa, Australia and North America - Says it has now received all regulatory approvals for acquisition of an additional 59% interest in Kalahari Key Mineral Exploration Pty Ltd.
Following transaction completion, Power Metal will hold an 88% interest in Kalahari Key, which will hold a 100% interest in the Molopo Farms Complex project, based in southwest Botswana.
Chief Executive Officer Paul Johnson says: "Shareholders will be aware we are currently undertaking the largest drill programme the company has conducted at Molopo Farms and to complete the Transaction at this juncture is particularly significant."
Current stock price: 1.33 pence, down 1.5% on Friday
12-month change: down 22%
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