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Power Metal Resources

  • Focused on African Battery Metals and Gold in Australia
  • Company Currently Reviewing Interests in Prioritised Manner
  • Develop a Strategic and Operational Plan for the Company
  • Identify, Review and Acquire New Opportunities as Appropriate

Red Rock sees common interests to be developed, and possible synergies to be unlocked, through a relationship with Power Metal Resources Plc (POW), and welcomes the opportunity to broaden and share its contacts and administrative resources in the promising and strategic African mineral and battery metal markets and elsewhere. POW and Red Rock have recently entered into a joint venture through Red Rock subsidiary Red Rock Australasia Pty Ltd in the Victoria Goldfields of Australia.

Overview

Red Rock resources currently owns 25,000,000 shares in Power Metal Resources Plc (AIM:POW) and 25,000,000 warrants.

Power Metal Resources is a London listed resource company that has been 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, see an opportunity to become a leading 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.

In joint venture with Red Rock, Power Metal Resources has recently applied for over 700 sq km of gold exploration licenses in the Victoria Goldfields near Ballarat in Australia. This would give the joint venture one of the largest positions in a fast-re-emerging gold province, including much prime acreage.

Strategy

POW aims to become a significant explorer, developer and ultimately miner of battery metals, including cobalt, lithium, copper and nickel.  To this end, its strategy is to identify highly prospective opportunities at various stages of development in proven jurisdictions to acquire or farm into, that with investment and development have the potential to re-rate quickly and impact shareholder value.

POW also aims to develop through its Australian joint venture a suite of high-potential interests in safe mining jurisdictions to balance the risk inherent in its African assets.

For more information please visit:

http://www.powermetalresources.com

Highlights

  • Focuses on African Battery Metals and Gold
  • Implementing Step by Step a Strategic and Operational Plan for the Company
  • Identify, Review and Acquire New Opportunities as Appropriate