TIDMPOW

RNS Number : 6686W

Power Metal Resources PLC

19 April 2023

19 April 2023

Power Metal Resources PLC

("Power Metal" or the "Company")

Golden Metal Resources - IPO Update

Release of Schedule One for Golden Metal Resources PLC

Power Metal Resources PLC (LON:POW), the London listed exploration company seeking large-scale metal discoveries across its global project portfolio is pleased to announce the release today by AIM of a Schedule One announcement in respect of Golden Metal Resources PLC ("Golden Metal"), a link to which is provided below:

http://www.rns-pdf.londonstockexchange.com/rns/6686W_1-2023-4-18.pdf

Sean Wade, Chief Executive Officer of Power Metal Resources PLC commented: "I am very pleased to be able to update shareholders that the Golden Metal IPO is progressing.

Further information in respect of Power Metal's interest in Golden Metal on admission to trading on AIM, the total IPO equity placing amount, market capitalisation and other important information is expected to be forthcoming in due course. POW will make further announcements as appropriate.

Shareholders wishing to learn more about Golden Metal, may review the company's website through the following link:

https://www.goldenmetalresources.com/

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/  or contact: 
 
Power Metal Resources plc 
Sean Wade (Chief Executive Officer)                   +44 (0) 20 3778 1396 
 
SP Angel Corporate Finance (Nomad and Joint Broker) 
Ewan Leggat/Charlie Bouverat                          +44 (0) 20 3470 0470 
 
SI Capital Limited (Joint Broker) 
Nick Emerson                                          +44 (0) 1483 413 500 
 
First Equity Limited (Joint Broker) 
David Cockbill/Jason Robertson                        +44 (0) 20 7330 1883

NOTES TO EDITORS

Power Metal Resources plc - Background

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company 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 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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END

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April 19, 2023 03:03 ET (07:03 GMT)

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