Power Metals is at the Centre of the Cesium Supply Struggle
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Power Metals is exploring and developing cesium, lithium, and tantalum in Northeastern Ontario, Canada. These minerals have recently been classified as ‘critical’ by the US and Canadian governments, and deemed worthy of an official protection strategy due to their importance in the rapidly growing clean energy technology sector.
In The News:
In November, Power Metals found themselves at the centre of political conflict when the government of Canada announced that it was forcing Chinese state-owned entities to divest from three select Canadian critical minerals companies.
This is important because it validates the value of Power Metals’ underlying asset. The Canadian government deemed it essential to the economic and national security of the country.
About Power Metals Corp:
Type: Public Company
Shares trade in Canada ($PWM), the United States ($PWRMF) and Germany ($OAA1)
Share Price: $0.29 CAD / $0.198 USD
Market Cap: $38.7M CAD
This weekend, it was announced that China’s Sinomine (the same entity that was forced to divest Power Metals’ shares) is proposing to expand another cesium mine in Manitoba.
The invigorated political debate is shining a light on critical minerals within Canada and seems to be drawing new investor attention towards Power Metals as well.
Power Metals’ shares have experienced a surge in trading activity since Sinomine’s announced their intentions in Manitoba, increasing by 11.54% in Monday’s trading.
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