VANCOUVER, BC,
March 24, 2022 /CNW/ -
Power Metals Corp. ("Power Metals" or the
"Company") (TSXV: PWM) (FRANKFURT: OAA1) (OTC: PWRMF) is
pleased to announce the appointment of Zhiwei (Frank) Wang to its board of
directors.
Mr. Wang currently serves as the Vice President of Sinomine
(Hong Kong) Rare Metals Resources
Co., Limited. Mr. Wang is also the General Manager & President
of the North America Division and is responsible for overseeing the
operation of Tantalum Mining Corporation of Canada Limited (TANCO),
Sinomine US Resources, and all other integral business development
in North America. Mr. Wang graduated from St. Mary's University, Nova Scotia, Canada and has
over 10 years of industry experience in mine development,
international trading, investments, and international M & A. He
has worked in Canada, Southeast Asia, Australia, Eastern
Europe and Central and Southern
Africa and with his expertise lead and participated in
several hundred million dollar acquisitions and project
investments. Currently, Mr. Wang is actively exploring and focusing
on the development of lithium business /projects in North America on behalf of Sinomine.
The Company also announces the resignation of Brian LaRocco from the Company's board.
Management of Power Metals extends their gratitude to Mr. LaRocco
for his tenure and wishes him all the best in future
endeavors. He will continue to serve as a consultant to the
Company.
The Company also announces the grant of 2,000,000 incentive
stock options to officers, directors, employees and consultants of
the Company. The options are exercisable at a price of $0.29 per share for a period of five years from
the date of grant.
About Power Metals Corp.
Power Metals Corp. is a
diversified Canadian mining company with a mandate to explore,
develop and acquire high quality mining projects. We are committed
to building an arsenal of projects in cesium, lithium, and
tantalum. We see an unprecedented opportunity to supply the
tremendous growth of the lithium battery and clean-technology
industries. Learn more at www.powermetalscorp.com.
ON BEHALF OF THE BOARD,
Johnathan More, Chairman &
Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
the content of this news release.
No securities regulatory authority has either approved or
disapproved of the contents of this news release. The securities
being offered have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities laws, and may not be
offered or sold in the United
States, or to, or for the account or benefit of, a "U.S.
person" (as defined in Regulation S of the U.S. Securities Act)
unless pursuant to an exemption therefrom. This press release is
for information purposes only and does not constitute an offer to
sell or a solicitation of an offer to buy any securities of the
Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking
Information
This press release contains forward-looking
information based on current expectations, including the use of
funds raised under the Offering. These statements should not
be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements
to be materially different from those implied by such statements.
Although such statements are based on management's reasonable
assumptions, Power Metals assumes no responsibility to update or
revise forward-looking information to reflect new events or
circumstances unless required by law.
Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements because the Company can give no
assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this press release. Actual
results could differ materially from those currently anticipated
due to several factors and risks including various risk factors
discussed in the Company's disclosure documents which can be found
under the Company's profile on www.sedar.com.
This press release contains "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The TSXV has neither reviewed nor approved the
contents of this press release.
SOURCE POWER METALS CORP