2 October
2024
Power Metal Resources
plc
("Power Metal" or the
"Company")
Change of accounting reference
date
Power Metal Resources plc (AIM: POW, OTCQB:
POWMF) (the "Company"), the London-listed exploration company with
a global project portfolio, is pleased to announce that its
accounting reference date has been changed to 31 December, in order
to provide the Company with greater flexibility to complete its
audit after those of its subsidiaries, a significant number of
which have year ends of 30 September. As a result, the current
accounting period will be extended to 15 months, and will end on 31
December 2024.
Following the 15 month period, future results
will follow a standard timetable of interim accounts for the six
months to 30 June and full year audited results to 31
December.
The Company expects to publish its audited
accounts for the 15 months ending 31 December 2024 in early June
2025 and by no later than 30 June 2025 in any event.
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:
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Power Metal Resources plc
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Sean Wade (Chief Executive
Officer)
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+44 (0) 20 3778 1396
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SP Angel Corporate Finance LLP (Nomad and Joint
Broker)
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Ewan Leggat/Caroline Rowe
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+44 (0) 20 3470 0470
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Tamesis Partners LLP (Joint Broker)
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Richard Greenfield/Charlie Bendon
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+44 (0) 20 3882 2868
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BlytheRay (PR Advisors)
Tim Blythe/Megan Ray
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+44 (0) 20 7138 3204
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NOTES TO
EDITORS
Power Metal
Resources plc - Background
Power Metal Resources
plc (AIM:POW, OTCQB:POWMF) is an AIM-traded 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, Saudi Arabia 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.