Power Metal Resources has added a new property to its portfolio in Canada, Badger Lake an area of 16.71sq km within the Athabasca Basin.
The Power Metal Athabasca uranium portfolio now consists of twelve properties, including a conditional disposal1, with a combined total area of 829.58sq km.
Paul Johnson, chief executive, said: “We view the uranium portfolio of Power Metal to be a key part of our company, seeing us uniquely well positioned for what we expect to be a significant increase in the level of interest in junior resource companies offering uranium exposure.”
Separately, Power Metal noted an announcement from First Class Metals PLC (LSE:FCM) of a new acquisition (Sunbeam), financing and a subscription.
In addition, First Class reported high-grade assay results from the West Pickle zone hosting a recently announced massive sulphide discovery and held in a joint venture with Palladium One Mining.
Power Metal currently holds a 28.19% stake in First Class.