REG - Power Metal Res. - Director Dealings

Power Metal ResourcesAnnouncement

14/05/2025 11:15

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RNS Number : 6526I  Power Metal Resources PLC  14 May 2025

 

14 May 2025

Power Metal Resources plc ("Power Metal" or the "Company")

Director Dealings

Power Metal Resources plc (AIM:POW, OTCQB:POWMF) the London listed exploration
company with a global project portfolio was notified on 14 May 2025 that today
Mr Sean Wade and Mr Edmund Shaw made purchases of ordinary shares of 2 pence
each in the capital of the Company ("Ordinary Shares").

 

Following the above purchases Mr Wade's beneficial interest in the Company has
increased to a total of 1,442,035 Ordinary Shares, representing approximately
1.25% of the issued share capital of the Company and Mr Shaw's beneficial
interest in the Company has increased to a total of 950,000 Ordinary Shares,
representing approximately 0.82% of the issued share capital of the Company.

 

PDMR Disclosure

 

The notifications below, made in accordance with the requirements of the EU
Market Abuse Regulation,  which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018, provide further detail on the director's
share dealing.

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

                                                                   1.    Sean Wade

                                                                   2.    Edmund Shaw

 2    Reason for the notification

 a)   Position/status

                                                                   1.    Chief Executive Officer

                                                                   2.    Non-Executive Director

 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 the transaction

                                                                   1 and 2: Purchase of shares

 c)   Price(s) and volume(s)

                                                                   1.                Price(s)                     Volume(s)
                                                                                     12.0 pence                   150,000

                                                                                     12.925 pence                 250,000
                                                                                     12.642 pence                 103,800

                                                                                     Price(s)     Volume(s)

                 12.15 pence  100,000

                                                                   2.

                 12.77 pence  50,000

                                                                                     12.91 pence  50,000

 d)   Aggregated information

      - Aggregated volume                                          1. 503,800

                                                                   2. 200,000

      - Price                                                      1. 12.642 pence

                                                                   2. 12.49 pence

 e)   Date of the transaction                                      1 and 2: 14 May 2025

 f)   Place of the transaction                                     1 and 2: XLON

 

 

 

 

 

 

 

 

 

 

 

 

 

d)

 

Aggregated information

- Aggregated volume

1. 503,800

 

2. 200,000

- Price

1. 12.642 pence

 

2. 12.49 pence

e)

 

Date of the transaction

 

 

1 and 2: 14 May 2025

f)

 

Place of the transaction

 

 

1 and 2: XLON

 

 

 

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/Jen Clarke                                                          +44 (0) 20 3470 0470

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

 BlytheRay (PR Advisors)

 Tim Blythe/Megan Ray                                                            +44 (0) 20 7138 3204

 

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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