➡️ Power Metal Resources is engaged in a joint venture discussion with a natural resource-focused partnership, ACAM, involving an investment of £10 million for a majority interest.
➡️ The joint venture will also involve ACAM purchasing £2 million in loan notes, yielding 10%, primarily to cover expenses for a now-cancelled uranium energy exploration IPO.
➡️ This partnership aims to significantly increase the potential for a major commercial discovery due to the substantial financial backing provided by ACAM.
By Mark Fairbairn Recorded 3/6/2024