REG - Power Metal Res. - Change of accounting reference date

Power Metal ResourcesAnnouncement

02/10/2024 14:45

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RNS Number : 6988G  Power Metal Resources PLC  02 October 2024

2 October 2024

 

Power Metal Resources plc

("Power Metal" or the "Company")

Change of accounting reference date

 

Power Metal Resources plc (AIM: POW, OTCQB: POWMF) (the "Company"), the
London-listed exploration company with a global project portfolio, is pleased
to announce that its accounting reference date has been changed to 31
December, in order to provide the Company with greater flexibility to complete
its audit after those of its subsidiaries, a significant number of which have
year ends of 30 September. As a result, the current accounting period will be
extended to 15 months, and will end on 31 December 2024.

Following the 15 month period, future results will follow a standard timetable
of interim accounts for the six months to 30 June and full year audited
results to 31 December.

The Company expects to publish its audited accounts for the 15 months ending
31 December 2024 in early June 2025 and by no later than 30 June 2025 in any
event.

 

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 LLP (Nomad and Joint Broker)
 Ewan Leggat/Caroline Rowe                                                       +44 (0) 20 3470 0470

 Tamesis Partners LLP (Joint Broker)
 Richard Greenfield/Charlie Bendon                                               +44 (0) 20 3882 2868

 BlytheRay (PR Advisors)                                                         +44 (0) 20 7138 3204

Tim Blythe/Megan Ray

 

NOTES TO EDITORS

Power Metal Resources plc - Background

Power Metal Resources plc (AIM:POW, OTCQB:POWMF) is an AIM-traded 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, Saudi Arabia 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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