REG - Power Metal Res. - Director Dealing

Power Metal ResourcesAnnouncement

15/11/2024 13:00

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RNS Number : 4729M  Power Metal Resources PLC  15 November 2024

15(th) November 2024

Power Metal Resources PLC

("Power Metal" or the "Company")

Director Dealing

Power Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London listed
exploration company with a global project portfolio, announces the purchase
of Power Metal shares by a director.

The Company has been informed that today, Sean Wade (Chief Executive
Officer), has purchased a total of 200,000 ordinary shares of 2 pence
each in the Company ("Shares") at a total cost of £24,780.81.

 

Following the above purchase, the beneficial holdings in Power Metal of Sean
Wade is as follows:

 

 Director   Shares Purchased  Resulting Shareholding  % of the Company Held
 Sean Wade  200,000           938,235                 0.82

 

PDMR DISCLOSURE

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail on the director's share
dealing.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Sean Edward Wade
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Power Metal Resources Plc
 b)  LEI                                                          213800VNXOUPHTX53686
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction (iii) each date; and (iv) each place
     where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  ordinary shares of 2p each

     Identification code

                                                                  ISIN: GB00BMFSSJ73
 b)  Nature of transaction                                        Purchase of ordinary shares
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  12.375p   200,000
 d)  Aggregated information

     -      Aggregated volume                                     As above - single transaction

     -      Price
 e)  Date of the transaction                                      15 November 2024
 f)  Place of the transaction                                     XLON

d)

Aggregated information

 

-      Aggregated volume

-      Price

 

 

As above - single transaction

e)

Date of the transaction

15 November 2024

f)

Place of the transaction

XLON

 

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 a London-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, 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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