Result of Annual General Meeting and Statement

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company is  pleased to announce that at its Annual General Meeting ('AGM') held today, all resolutions were duly passed by the Company's shareholders.

In light of the Covid-19 pandemic the AGM was held as a closed meeting and the Chairman moved straight to a poll to reflect all proxy votes received for the AGM. The proxy votes received are detailed below by resolution.

Paul Johnson, Chief Executive Officer of Power Metal Resources, released the following statement in association with the AGM:

“The last nine months since our June 2020 AGM have been a highly active period for the Company and I believe we have achieved a great deal across our portfolio of operational projects.

I am looking forward to delivering results from those projects where active exploration work is currently underway, which covers seven of our nine project interests. Moreover, the Company is continuing to progress corporate activities in relation to certain projects where it is in the process of assessing potential spin-outs into independent listed vehicles in the UK and Canadian capital markets.

The dual business model of exploration targeting large scale metal discoveries, combined with value crystallisation through corporate activity offers, I feel, a distinct competitive advantage for Power Metal.

We are now entering a key phase in the advancement of the Company and its projects. As the Company’s largest shareholder I find myself particularly aligned with shareholders and will proactively do all I can to see our business flourish.
In this regard I would like to note my thanks to the board of the Company, our operational team, advisers and business partners. Those engaged with our Company on a day to day basis can no-doubt testify how hard we work as a business, and the demands we place on all those who work with us.

Importantly I would like to thank shareholders for their support. Whatever your investment strategy and however small or large your financial commitment, we have a responsibility to do our best to deliver for each shareholder.

As always please feedback any questions or suggestions which are extremely useful to the management team as we continue to grow the Company. We can we most easily reached through email at ”

Please use the link below to download the full RNS release, including details of the proxy votes cast.

Download the full RNS release (PDF)

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30 March 2021


Power Metal Resources plc
201 Temple Chambers
3-7 Temple Avenue
London EC4Y 0DT
United Kingdom