REG - Power Metal Res. - Result of General Meeting

Power Metal ResourcesAnnouncement

10/11/2025 13:45

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RNS Number : 9167G  Power Metal Resources PLC  10 November 2025

10 November 2025

Power Metal Resources PLC

("Power Metal", "POW" or the "Company")

Result of General Meeting

Power Metal Resources PLC (AIM:POW), the London listed natural resources
exploration company and project incubator with a global project portfolio,
announces the results of its General Meeting held today.

All 5 of the resolutions that were put to members were passed on a poll and
passed as special resolutions.

The results of the poll (including proxy votes) are outlined in the table
below.

 Resolution                                                                      Votes for  Votes against
 Resolution 1 (Special)                                                          99.96 %    0.04%

 To approve the reduction and cancellation of paid up capital to the extent of
 £0.009 on each issued Deferred Share.

 Resolution 2 (Special)                                                          99.96 %    0.04%

 To approve the reduction and cancellation of paid up capital to the extent of
 £0.00099 on each issued Deferred A Share.

 Resolution 3 (Special)                                                          99.91%     0.09%

 To approve the cancellation of the Company's Share Premium Account.
 Resolution 4 (Special)                                                          99.91%     0.09%

 To approve the cancellation of the Company's Capital Redemption Reserve.
 Resolution 5 (Special)                                                          99.91%     0.09%

 To amend the Company's Articles of Association to reflect the cancellation of
 the Non-Voting Shares.

 

All capitalised terms contained herein have the same definitions as those set
out in the circular.

 

As at 10 November 2025, there were 115,610,437 ordinary shares ("Ordinary
Shares") in issue, none of which are held in treasury. Shareholders are
entitled to one vote per share.

 

Votes withheld are not votes in law and so have not been included in the
calculation of the proportion of votes for and against a resolution.

 

The full text of each resolution is available in the Notice of General
Meeting, published on the Company's website at
https://www.powermetalresources.com.

Ordinary Shares

The Share Capital Reduction will not affect the number of Ordinary Shares in
issue (which is 115,610,437 on 10 November 2025) nor will it affect their
nominal value, or the rights attaching to them. The change relates to the
accounting treatment of the Company's Share Premium Account and Capital
Redemption Reserve.

 

For further information please visit 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.

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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