REG - Power Metal - Release of Schedule One for Golden Metal Resources

Power Metal ResourcesAnnouncement

19/04/2023 08:15

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RNS Number : 6686W  Power Metal Resources PLC  19 April 2023

19 April 2023

Power Metal Resources PLC

("Power Metal" or the "Company")

Golden Metal Resources - IPO Update

Release of Schedule One for Golden Metal Resources PLC

Power Metal Resources PLC (LON:POW), the London listed exploration company
seeking large-scale metal discoveries across its global project portfolio is
pleased to announce the release today by AIM of a Schedule One announcement in
respect of Golden Metal Resources PLC ("Golden Metal"), a link to which is
provided below:

http://www.rns-pdf.londonstockexchange.com/rns/6686W_1-2023-4-18.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6686W_1-2023-4-18.pdf)

Sean Wade, Chief Executive Officer of Power Metal Resources PLC commented: "I
am very pleased to be able to update shareholders that the Golden Metal IPO is
progressing.

Further information in respect of Power Metal's interest in Golden Metal on
admission to trading on AIM, the total IPO equity placing amount, market
capitalisation and other important information  is expected to be forthcoming
in due course. POW will make further announcements as appropriate.

Shareholders wishing to learn more about Golden Metal, may review the
company's website through the following link:

https://www.goldenmetalresources.com/ (https://www.goldenmetalresources.com/)

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

For further information please visit https://www.powermetalresources.com/
(https://www.powermetalresources.com/)  or contact:

 Power Metal Resources plc
 Sean Wade (Chief Executive Officer)                                             +44 (0) 20 3778 1396

 SP Angel Corporate Finance (Nomad and Joint Broker)
 Ewan Leggat/Charlie Bouverat                                                    +44 (0) 20 3470 0470

 SI Capital Limited (Joint Broker)
 Nick Emerson                                                                    +44 (0) 1483 413 500

 First Equity Limited (Joint Broker)
 David Cockbill/Jason Robertson                                                  +44 (0) 20 7330 1883

 

NOTES TO EDITORS

Power Metal Resources plc - Background

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration
company which finances and manages global resource projects and is seeking
large scale metal discoveries.

 

The Company has a principal focus on opportunities offering district scale
potential across a global portfolio including precious, base and strategic
metal exploration in North America, Africa and Australia.

 

Project interests range from early-stage greenfield exploration to later-stage
prospects currently subject to drill programmes.

 

Power Metal will develop projects internally or through strategic joint
ventures until a project becomes ready for disposal through outright sale or
separate listing on a recognised stock exchange thereby crystallising the
value generated from our internal exploration and development work.

 

Value generated through disposals will be deployed internally to drive the
Company's growth or may be returned to shareholders through share buy backs,
dividends or in-specie distributions of assets.

 

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