TradingView and Investing.com say TSX.V: PWM is a "Strong Buy"
March 26, 2024
Hello Traders,
Snapshot:
- Total Assets: $13.6M
- Current Cash Position: $6 million
- Bullish Outlook offered by multiple analyst sites (TradingView 1-day pictured below)
- Activity picking up as markets take notice
Power Metals Corp (TSX.V: PWM) holds 100% ownership of Case Lake property, located in northern Ontario in close proximity to the prolific Abitibi Greenstone Belt, and the junior miner has already made a significant discovery of high-grade lithium, tantalum and cesium.
For now, let’s focus on cesium.
“Cesium is so critical that its value is in the realm of the priceless”- say OilPrice.com
Cesium has been called “The Most Important Metal Never Heard Of” and this Canadian junior has “what looks to be the only prospective cesium mine de-risked in terms of high-level national security.”
It can’t be overstated, Power Metals Corp. (TSX.V: PWM) owns, “what could be one of the most important mining venues of our time.”
This is due in large part to the critical role that cesium plays in high-tech industries, military applications, the healthcare industry and telecommunications.
PWM’s first discovery came in August 2018 as they were drilling for lithium at Case Lake’s West Joe Dyke and intersected high-grade cesium mineralization in multiple drill holes.
Cesium Highlights 2018:
- 14.70 % Cs2O over 1.0 m, 13.0 to 14.0 m, PWM-18-126
- 12.40 % Cs2O over 1.0 m, 10.0 to 11.0 m, PWM-18-112
- 6.74 % Cs2O over 5.0 m, 11.0 to 16.0 m, PWM-18-126
Drilling continued throughout 2022 with high-grade cesium intersected:
- 24.07 % Cs2O, 0.63 % Li2O, 34.2 ppm Ta over 1.0 m, 15.0 to 16.0 m, PWM-22-143
- 20.36 % Cs2O, 2.28 % Li2O, 15.7 ppm Ta over 1.0 m, 14.0 to 15.0 m, PWM-22-143
- 22.22 % Cs2O, 1.46 % Li2O, 25.1 ppm Ta over 2.00 m, 14.0 to 16.0 m, PWM-22-143
- 7.65 % Cs2O, 1.45 % Li2O, 247.1 ppm Ta over 7.09 m, 11.96 to 19.05 m, PWM-22-143
- 1.94 % Cs2O, 2.20 % Li2O, 466.0 ppm Ta over 8.98 m, 20.97 to 29.95 m, PWM-22-144
- 2.71 % Cs2O, 4.75 % Li2O, 396.0 ppm Ta over 2.00 m, 24.00 to 26.00 m, PWM-22-144
- 3.66 % Cs2O, 1.05 % Li2O, 1440.0 ppm Ta over 1.00 m, 48.00 to 49.00 m, PWM-22-147
Results Caught the Attention of Mining Heavyweights:
In 2022, Power Metals closed an equity financing with Sinomine, whereas Sinomine’s position in the Company was 5.7%. November of 2022, Power Metals was contacted by the Canadian government in regards to their Cesium-Lithium-Tantalum discovery at Case Lake. In order to protect high-value rare earth metals and Canadian national interests, Power Metals was directed by the Canadian government to divest Sinomine from the Company.
Immediately upon the forced divestment of Sinomine, Winsome Resources out of Australia purchased Sinomine’s stake in Power Metals in December 2022. By March 2023, Winsome increased their position in Power Metals from 5.7% to 10.13% by way of equity financing and today holds a 19.59% stake in Power Metals.
What makes TSX.V: PWM’s Results So Significant?
There is currently no cesium produced anywhere in the world, it has all been mined out.
PWN emphasizes this in their February 2024 Corporate Presentation with the following bullets:
• Cesium is an extremely rare element that is mined from the equally rare mineral Pollucite.
• Historically commercial Pollucite have been mined from three mines in the whole world.
- Tanco pegmatite mine, Manitoba, Canada
- Bikita pegmatite mine, Zimbabwe
- Sinclair mine, Australia.
- No primary Cesium mine production was reported globally in recent years.
Pollucite is rare in pegmatites in Ontario, as it has only been identified in five pegmatite localities in the province: Power Metals owns 3 of the 5 - its 100% owned Case Lake Property, and its 100% owned Tot Lake and Marko’s pegmatites.
Before we go any further let’s step back for a moment and introduce you to today’s focus, you’ll want to keep your eyes on Power Metals Corp. (TSX.V: PWM)