REG - Power Metal Res. - Fermi: Exploration Agreement Signed with YNLR

Power Metal ResourcesAnnouncement

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RNS Number : 6524E  Power Metal Resources PLC  24 October 2025

24 October 2025

Power Metal Resources PLC

("Power Metal" or the "Company")

Uranium Joint Venture

Fermi Exploration: Exploration Agreement Signed with YNLR

 

Power Metal Resources plc (AIM:POW, OTCQB:POWMF), the London-listed natural
resources exploration company and project incubator with a global portfolio,
is pleased to provide an update on the signing of the completed Exploration
Agreement between Ya'thi Néné Lands and Resources ("YNLR") and Fermi
Exploration Ltd. ("Fermi"), in support of Fermi's ongoing exploration in
 Northern Saskatchewan, Canada.

The update concerns work undertaken by Fermi, the uranium-focused joint
venture (the "Joint Venture" or "JV") comprising Power Metal's portfolio of
uranium licences.

HIGHLIGHTS:

·    Ya'thi Néné Lands and Resources ("YNLR") and Fermi Exploration have
signed an Exploration Agreement between the two parties, and are pleased to
announce their mutual commitment to fostering a sustainable and collaborative
relationship in the Athabasca region.

·    YNLR is owned by three First Nations and four municipalities in
northern Saskatchewan and has a mandate to promote and enhance the
environmental, social, economic and cultural well-being of current and future
Athabasca residents.

·    For Fermi, the Exploration Agreement provides support for permitting
activities and ongoing support for exploration programs in the region.

·    For YNLR and the Athabasca Basin communities,  the Agreement
establishes terms for ongoing business and employment opportunities, as well
as community liaison and engagement.

·    This agreement represents a significant step forward in Fermi's
ongoing efforts to identify and develop uranium deposits in northern
Saskatchewan.

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

"As the first UK-based junior exploration company to sign an Exploration
Agreement with the Ya'thi Néné Lands and Resources Office, Fermi is proud to
demonstrate its commitment to responsible exploration and the highest
standards of Environmental, Social, and Governance (ESG) practice. This
agreement marks an important milestone in building a collaborative and
respectful relationship with the Denesųłiné First Nation communities and
Athabasca municipalities. Fermi looks forward to fostering a strong and
mutually beneficial partnership founded on trust, transparency, and shared
opportunity."

News Release

The full release from Ya'thi Néné Lands and Resources, can be viewed on the
link below:

Fermi Exploration and Ya'thi Néné Lands and Resources Announce Commitment to
Collaborative Engagement in the Athabasca Region - Ya' Thi Néné Lands and
Resources
(https://www.yathinene.ca/whats-new/fermi-and-yathi-nene-lands-and-resources-announce-exploration-agreement)

 

About Ya'thi Néné Lands and Resources

Ya'thi Néné Lands and Resources ("YNLR"), is a non-profit organisation owned
by the Athabasca Denesųłiné First Nations of Hatchet Lake First Nation,
Black Lake First Nation, and Fond du Lac First Nation and the Athabasca
Municipalities of Stony Rapids, Wollaston Lake, Uranium City, and Camsell
Portage. Collectively these seven Athabasca Communities represent the majority
of the Indigenous Population in Saskatchewan's far north, and as such, are key
partners in delivering responsible mineral exploration in the region.

YNLR was established in June 2016 with a mandate to promote and enhance the
environmental, social, economic, and cultural well-being of current and future
Athabasca residents. The organization was originally created to administer a
collaboration agreement between the seven Athabasca communities, Cameco
Corporation, and AREVA Resources Canada (now Orano). Since then, it has
expanded its role to include agreements with the majority of exploration
companies operating in Saskatchewan's far north.

As part of the permitting process for drill programs in Northern Saskatchewan,
exploration companies are required to consult with and inform local
communities about their plans. This "duty to consult" is a critical process to
ensure compliance with provincial regulations and to respect the rights and
interests of the communities who use and live on the land where exploration
activities occur.

 

REFERENCES

1
https://www.cameconorth.com/community/stories/athabasca-collaboration-agreement-enhances-partnerships

 

 

 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.

 

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