Power Metals Lower Even As Says Produced High Grade Concentrate From Its Case Lake Project in Ontario

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Power Metals Lower Even As Says Produced High Grade Concentrate From Its Case Lake Project in Ontario

, MT Newswires - 10:28 AM ET 4/14/2025 default

10:28 AM EDT, 04/14/2025 (MT Newswires) -- Power Metals ( PWRMF ) was lower Monday despite saying it successfully completed its Phase II ore sorting test work, resulting in the production of a bulk high-grade cesium oxide product up to 18.57% from its 100%-owned Case Lake Project in northeastern Ontario.

Among highlights, the company said results confirmed a "cost-effective" production of bulk Cesium concentrate. It added the ore sorting program and analysis revealed minimal environmental impacts of any onsite production for a high-grade concentrate.

The company continues to advance toward Cesium production with potential to supply critical minerals to North America.

Power Metals ( PWRMF ) added that it is nearing completion of its Maiden Resource Estimate (MRE) for the Case Lake Project and eagerly anticipate completion in the coming weeks.

The company also said, "we have continued to receive strong interest from a diverse group of international strategic investors, whilst conducting multiple site visit requests and ongoing discussions around potential partnerships."

Shares of the company were last seen down 2.3% at $0.85 on the TSX Venture Exchange.

Price: 0.84, Change: -0.03, Percent Change: -3.45

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