Miner Shares Up on Completion of Offtake Agreement

Miner Shares Up on Completion of Offtake Agreement

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, March 17, 2022

With a goal of exploring and acquiring high quality mineral projects this company just completed an offtake agreement with a resource group for its cesium, lithium and tantalum assets 

Premier mining company Power Metals Corp. (TSXV: PWM) announced it has entered into a formal off-take agreement with Sinomine Resource Group Co., Ltd. for the lithium, cesium and tantalum produced from the firm's Case Lake Property, per the company’s press release.

Power Metals is looking to build an arsenal of projects in both lithium and high-growth specialty metals and minerals given the tremendous growth of the lithium battery and clean-technology industries. 

Shares are trading at $0.285 in mid-morning trade.


Copyright © 2022 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Shares on the Rise Following Partnership News With Major Potato Chip Brand
Slowing Growth Increases Hopes of a Rate Cut Pivot in Canada 
Re-Classification of Marijuana Sends Shares of Cannabis Operator on a Tear
Most Popular
FREE Newsletter


Back to Top