Power Metal recently announced a strategic investment and MoU in Greyridge Exploration Corp ("Greyridge"), the Canadian-based mineral exploration company focused on the discovery of copper and gold deposits in the Kingdom of Saudi Arabia ("KSA" or "Saudi Arabia").
Greyridge is focused on discovering copper and gold deposits in Saudi Arabia and is one of the largest foreign holders of exploration licences in Saudi Arabia. The Greyridge team has a proven track record of major discoveries and has a diverse range of technical, capital markets, and legal expertise, alongside a highly experienced Saudi-based exploration team.
Greyridge acquired the licences in October 2024 from Eurasian Resources Group, one of the first large international mining
companies to enter Saudi Arabia, and therefore holds a strong, early-mover advantage within the country.
Greyridge and Power Metal share a mutual strategic interest in identifying and developing mineral exploration and development opportunities in KSA, with a particular focus on precious and base metals.
