“We’ve had a fantastic response on the OTC listing just this week, with people coming up and talking about the company and then buying shares. A major unnamed uranium player is set to take a 70% stake in a package of uranium assets in the Athabasca, which Wade says will unlock a large sum of cash. Power Metal also plans a spin-out and an initial public offering for its Australian uranium assets by year-end. The company further is raising about £15 million ($26.6 million) in a pre-IPO round for their Power Arabia business to capitalize on precious metals opportunities in the Arabian Shield. Watch the full interview with The Northern Miner’s western editor, Henry Lazenby:

Source: The North Africa Journal July 17, 2024 01:53 UTC