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Power Metal Resources (AIM: POW) is a London listed, Africa focused, resource company exploring for the key metals used in next generation batteries that fuel the new electric vehicle revolution.

The Board and team of advisors, who have proven expertise in African exploration, mining and project generation, have identified an opportunity to utilise their position to become the primary vehicle on the London market for investors to gain exposure to the battery metal commodity suite, particularly cobalt, lithium, copper and nickel.

To this end, the Company has a diverse portfolio of projects across several jurisdictions.

POW holds the 50km² Kisinka licence in the DRC with 7km of strike along the Roan group of rocks, which hosts most of the DRC’s copper and cobalt mines. There are many large cobalt-copper mines in area, both on strike and in the same rock structure, to the west.

Through its subsidiary Cobalt Blue Holdings (CBH) the company has exposure to highly prospective cobalt assets in Cameroon. CBH holds four Cameroon-based nickel-cobalt exploration licences through two 100% owned subsidiaries, LC Exploration Ltd and LC Minerals Ltd.

In the Côte d'Ivoire, through its subsidiary Regent Resources Interests Corp. POW has entered into an agreement to earn into 70% of the Lizetta II chrome, nickel, cobalt exploration licence by expending a total of USD 850,000 on the project over the period to June 2021.

Latest Articles

Power Metal Resources (LSE:POW) revealed that ground geophysics has completed at its part-owned Molopo Farms Complex (MFC) project in Botswana on Tuesday. The work was completed by Kalahari Key and wi...

Earlier this year, Power Metal Resources added Tanzania to the growing list of African countries where it is exploring for the key battery metals powering the electrification of the world. The company...

Power Metal Resources’ (LSE:POW) busy week continued on Thursday with the news that it had purchased an option to acquire a majority stake in a DRC-based copper-cobalt project. The business has pai...

Power Metal Resources (LSE:POW) inched up to 0.54p on Tuesday after updating investors on the strong ground operation progress being made at the Molopo Farms Complex (MFC) project in Botswana. The b...

Monday morning saw Katoro Gold (LSE:KAT) jump by more than a fifth to 1.14p a share after confirming third-party interest and expanded exploration plans for two of its gold projects in northern Tanzan...

Today’s guest on the MiningMaven podcast is Paul Johnson, Executive Director of Power Metal Resources (LSE:POW). Power is focussed on the energy metals sector and is developing five projects across...

Power Metal Resources (LSE:POW) rose 1.8p on Tuesday after announcing signs of lithium prospectivity at its part-owned Haneti project in Tanzania. The firm, which owns a 25pc position in Haneti alongs...

Since restructuring the board of Power Metal Resources (LSE:POW) in February, Paul Johnson and Andrew Bell have made substantial progress in their strategic and operational review of the busines...

On Wednesday, Power Metal Resources (LSE:POW) - formerly known as African Battery Metals (LSE:ABM) – announced plans to drill the Haneti Nickel Project. A fully funded initial drill programme will f...

African Battery Metals (LSE:ABM) sat at 0.4p today after reporting that it is ‘extremely well positioned’ for a strong recovery in the natural resources sector. In its results for the year ended ...