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Power Metal Resources PLC - Metals exploration company, focused on North America, Africa, and Australia - Completes planning for its largest ever uranium focused exploration programme across its uranium portfolio, which includes work on at least 10 of the 17 properties. Says that it has acquired the Perch River uranium project, which covers a 9.41 kilometre area, and entirely within the prolific Athabasca Basin, Canada. Power Metals will carry out the exploration programme in conjunction with various different Canada-based geophysical and field contractors.
Chief Executive Officer Sean Wade says: ‘The purpose of the exploration programme is to carry out a variety of geophysical and ground-based surveys in order to begin proving up drill-ready targets.’
Current stock price: 0.85 pence, up 4.3% in London on Wednesday
12-month change: down 25%
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