In December, I had the opportunity as an investor to put some questions to Paul Johnson, Chief Executive Officer of Power Metal Resources:
Power Metal Resources (LON:POW) is an AIM listed metals exploration and development company seeking a large-scale metal discovery across its global project portfolio. Power Metal's project interests range from early stage greenfield exploration to prospects currently under active exploration activity with the drill bit and has a portfolio of project interests including precious and base metal exploration in North America, Africa and Australia.
Power Metal Resources has built quite an intriguing portfolio of interest from Uranium to Gold and a wrath of other base metal prospects in-between. The company is led by the enthusiastic and energetic Paul Johnson, who has been a keen investor himself over the years in the junior mining space. When you look at the RNS feed for Power Metal Resources you realise the number of active projects and development that is actually underway and also the corporate work in the background, with the recent announcement to acquire 100% ownership of First Development Resources and its transaction with First Class Metals Limited recent examples.
With so much clearly going with the company, I was pleased to get the opportunity to put the following questions to the Power Metal Resources Chief Executive Officer Mr Paul Johnson:
Q1. In the UK we have the most pro nuclear Government that we have seen in the past 50 years, there is work ahead that will see a fleet of SMR’s and at least another one large nuclear project, this drive for new nuclear is also replicated in other countries. With the zero carbon drive globally there is sure to be intensive demand going forward for Uranium and this can be seen in the commodity price strength. Could you please describe the Power Metal Resources interest in Uranium, an overview of the work programme and the company aspiration for this part of the portfolio going forward?
Nuclear fuel will, in my opinion, increasingly become an energy source governments globally will look to, to maintain a diverse mix of energy to satisfy ever increasing consumer demand as fossil fuels are phased out. Power Metal is positioning itself to contribute to the global exploration effort in the search for viable projects to satisfy this demand.
There is no doubt the market is also starting to recognise the potential…
