REG - Power Metal Res. - Disposal of Remaining Holding in GMET

Power Metal ResourcesAnnouncement

19/08/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250819:nRSS8035Va&default-theme=true

RNS Number : 8035V  Power Metal Resources PLC  19 August 2025

19th August 2025

Power Metal Resources PLC

("Power Metal" or the "Company")

Disposal of Remaining Holding in Guardian Metal Resources PLC

Power Metal Resources PLC (AIM:POW, OTCQB:POWMF), the London listed
exploration company with a global project portfolio, announces that it has
entered into a legally binding Sale and Purchase Agreement (the "SPA") with an
investment fund managed by Duquesne Family Office LLC, in connection with the
disposal of its remaining stake in Guardian Metal Resources PLC ("GMET").

Pursuant to the SPA, the Company has agreed to sell its remaining holding of
24,699,825 ordinary shares in GMET of £0.001 each (the "Sale Shares"), for a
total cash consideration of £13,584,904 before costs, representing a price of
55p per Sale Share. The sale is expected to complete in the coming weeks.

Sean Wade, Chief Executive Officer of Power Metal Resources, commented:

"I am very pleased to be able to announce that we have agreed terms to exit
our position in GMET after what has been an enormously successful investment
for Power Metal, and one that has generated very considerable shareholder
value.

Our original investment in GMET was £1,935,275. Over the course of two
disposals, we will have realised £22,809,988 before costs, a return of 11.8
times.

It represents a strong validation of our incubator model and gives us
considerable firepower now to pursue other opportunities, a number of which
have presented themselves to us in recent weeks.

I look forward to further updating shareholders, as appropriate, on the
destination of some of these funds as we continue to build on our proven and
successful business model."

AIM Rule 12 Additional Disclosures

The book value of the Sale Shares was £6,915,951 in the audited accounts of
the Company at 31 December 2024.

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/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/Alastair Roberts                              +44 (0) 20 7138 3204
                                                          powermetalresources@blytheray.com

NOTES TO EDITORS

Power Metal Resources plc (AIM: POW, OTCQB: POWMF) is a London-listed
natural resources exploration company and project incubator 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, Oman 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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DISSFIEFAEISELA