Midweek Takeaway with Sean Wade, CEO of Power Metal Resources (AIM:POW) #POW
Season 8, Episode 16, Jun 04, 06:30 AM
Phil Carroll and Kevin Hornsby are joined by Sean Wade, CEO of Power Metal Resources PLC, to discuss an exciting development.
Power Metal Resources PLC (AIM:POW, OTCQB:POWMF) has announced a £2 million strategic financing agreement with ACAM LP through a loan note subscription with warrants. The company has also entered an eight-week exclusivity period and signed a non-binding term sheet with ACAM to form a uranium-focused joint venture involving Power Metal’s uranium licences. ACAM, a natural resource-focused partnership, will invest £10 million for a 70% stake in Power Metal Resources Canada Inc., with potential additional payments of up to £4 million. This joint venture is set to replace the planned IPO of Uranium Energy Exploration plc, with costs covered by the loan proceeds. The financing terms include 13,333,333 warrants exercisable at 15 pence per share over five years and notes bearing 10% annual interest. Sean Wade expresses confidence in the transaction's potential to add significant value for shareholders.
Join us as we delve into the details of this strategic move and what it means for the future of Power Metal Resources.
Disclaimer & Declaration of Interest
The information, investment views, and recommendations in this podcast are provided for general information purposes only. Nothing in this podcast should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion
Power Metal Resources PLC (AIM:POW, OTCQB:POWMF) has announced a £2 million strategic financing agreement with ACAM LP through a loan note subscription with warrants. The company has also entered an eight-week exclusivity period and signed a non-binding term sheet with ACAM to form a uranium-focused joint venture involving Power Metal’s uranium licences. ACAM, a natural resource-focused partnership, will invest £10 million for a 70% stake in Power Metal Resources Canada Inc., with potential additional payments of up to £4 million. This joint venture is set to replace the planned IPO of Uranium Energy Exploration plc, with costs covered by the loan proceeds. The financing terms include 13,333,333 warrants exercisable at 15 pence per share over five years and notes bearing 10% annual interest. Sean Wade expresses confidence in the transaction's potential to add significant value for shareholders.
Join us as we delve into the details of this strategic move and what it means for the future of Power Metal Resources.
Disclaimer & Declaration of Interest
The information, investment views, and recommendations in this podcast are provided for general information purposes only. Nothing in this podcast should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion