Business description

Power Metal Resources PLC (AIM:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base, strategic and energy metal exploration in North America, Africa, Saudi Arabia, Oman and Australia.

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.

Value generated through disposals will be deployed internally to drive the Company’s growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.

Director names and biographies

Please see The Board page.

Responsibilities

For details of board members’ responsibilities, and committees of the board of directors and their responsibilities, please see the Corporate Governance page.

Country of incorporation and main country of operation

Power Metal Resources plc is incorporated and registered in England and Wales with registered number 7800337.

It is managed in the UK and has business interests in Australia, Botswana, Canada, Saudi Arabia, Oman and the USA.

AIM Admission Document

Download the AIM Admission Document

Articles of Association

Download the current constitutional documents such as articles of association and memorandum of association by clicking the link below.

Articles of Association

Details of Any Other Exchanges or Trading Platforms

The Company was admitted to trading on OTCQCB Venture Market on 10/04/24 (OTCQB:POWMF)

Takeover Code

The Company is subject to the UK City Code on Takeovers and Mergers.

Shares information

Shares in Issue: 115,610,437 (As of 14.04.25)

The Percentage of Shares Not in Public Hands: 1.50% (As of 14.04.25)

Shares held by Directors & Notifiable Holders (+3%)

 

Name%

HARGREAVES LANSDOWN*

17.57%

JARVIS INVESTMENT MANAGEMENT LTD*

17.44%

INTERACTIVE INVESTOR SERVICES LTD*

13.77%

VIDACOS LTD*

11.53%

AJ BELL SECURITIES LTD* 

6.22%

PUREBOND LTD#

4.52%

HALIFAX SHARE DEALING*

3.95%

TERM OIL INC#

A COMPANY CONTROLLED BY RICK RULE

4.07%

BARCLAYS STOCKBROKERS LTD*

3.38%

BANK OF NEW YORK

1.12%

SEAN WADE (DIRECTOR)⁺

0.81%

EDMUND SHAW (DIRECTOR)⁺

0.65%

BILL BRODIE GOOD (DIRECTOR)⁺

0.04%

* As of 14.04.25 and indicating stockbroker account holdings representing for each the total of a pool of underlying shareholders (based on issued share capital at 14.04.25)
+ As notified in Directors Dealings RNS on 15.11.24 (based on shares in issue 115,610,437 as at 14.04.25)
# Shares held in last notified TR-1 (based on shares in issue: 115,610,437 as at 14.04.25)

Notes:
Restrictions on the Transfer of Securities

There are no restrictions on the transfer of Power Metal Resources plc AIM Securities.

Key advisers

RoleAdvisor

Nominated Adviser and Joint Broker

SP Angel,
Prince Frederick House,
35-39 Maddox Street,
London, W1S 2PP

Joint Broker

Tamesis Partners LLP, 
125 Old Broad Street,
London, EC2N 1AR

Auditor and Reporting Accountant (Registered as auditors by the Institute of Chartered Accountants in England and Wales)

PKF Littlejohn LLP,
15 Westferry Circus,
Canary Wharf,
London, E14 4HD

Registrar

Share Registrars Limited,
The Courtyard,
17 West St,
Farnham, GU9 7DR

UK Legal Advisers

Druces LLP,
Suite 425, Salisbury House,
London Wall,
London, EC2M 5PS

 

Memery Crystal LLP
165 Fleet Street
London, EC4A 2DY

Other information

Annual & Interim Financial Reports are available in the Financial Reports archive.

Announcements and notifications are available in News.

For the latest shareholder circulars please see the shareholder circulars page.