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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) 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 ...

African Battery Metals (LSE:ABM) rose 5.6pc to 0.4p on Friday morning after announcing the discovery of a large anomalous zone for copper at its Kisinka project in the Democratic Republic of Congo (DR...