REG - Power Metal Res. - Share Capital Reduction Effective

Power Metal ResourcesAnnouncement

08/01/2026 14:30

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RNS Number : 2205O  Power Metal Resources PLC  08 January 2026

8 January 2026

 

Power Metal Resources PLC

("Power Metal" or the "Company")

 

Share Capital Reduction Effective

 

 

Power Metal Resources PLC (AIM:POW) is a London listed natural resources
exploration company and project incubator with a global project portfolio. On
19 September, the Company announced its intention to reduce its share capital
("Reduction"). On 10 November the Reduction was approved by special resolution
of the shareholders at the Company's General Meeting, and on 9 December 2025,
the High Court of Justice, Business and Property Courts of England and Wales,
Insolvency and Companies List (ChD), (the "Court") made an order ("Order")
confirming the Reduction under Section 641 of the Companies Act 2006. The
purpose of the Reduction was to create distributable reserves to provide the
Company with flexibility for future distributions and corporate purposes.

 

Registration at Companies House

On 20 December 2025, the Order confirming the Reduction, a statement of
capital approved by the Court, and an amended version of the Company's
Articles of Association was registered at Companies House, in accordance with
section 649 of the Companies Act 2006 and, accordingly, the Reduction is now
effective.

 

The Reduction has not affected the number of ordinary shares ("Ordinary
Shares") in issue, which is still 115,610,437, nor has it affected 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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