VANCOUVER, BC, Jan. 30,
2025 /CNW/ - Power Metals Corp ("Power Metals" or the
"Company") (TSXV: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) is
pleased to announce the appointment of Canaccord Genuity Corp.
("Canaccord Genuity") as financial advisor to the Company. Due to a
high-level of third-party interest in our 100% owned Case Lake
Project (CLP) in northeastern Ontario, Canaccord Genuity will advise the
Company's strategic review committee through this important and
exciting stage of the company.
Canaccord Genuity will commence a strategic evaluation of both
current operations and future growth opportunities, as Power Metals
seeks to capitalise on the increasing global demand for cesium,
lithium and tantalum.
Positioned as a world-class deposit, Case Lake has attracted
interest from strategic investors and established global industries
amid intensifying competition for critical mineral resources.
Haydn Daxter, CEO of Power Metals, added:
"The appointment of Canaccord Genuity is timely as we
continue our extensive exploration program at Case Lake, with
several significant milestones indicatively scheduled for
announcement in the near term.
The bank's expertise in financial strategy and overall global
market position, will be instrumental as we progress this
world-class cesium asset. Additionally, we look forward to seeing
our drill results from our recently completed winter drill program
in the coming weeks."
Canaccord Genuity
Canaccord Genuity is a leading independent, full-service
financial services firm, with operations in two principal segments
of the securities industry: wealth management and capital markets.
Canaccord Genuity's international capital markets division has
offices in North America, UK &
Europe, Asia, and Australia, and operates a well-established,
highly regarded global advisory and capital raising platform in the
metals and mining sector.
Canaccord Genuity is independent to the Company.
Power Metals Corp (TSXV: PWM)
PWM is a diversified Canadian mining company with a mandate to
explore, develop and acquire high quality mining projects. We are
committed to building an arsenal of projects in
cesium, lithium, and high-growth specialty metals and minerals.
We see an unprecedented opportunity to supply the tremendous growth
of the lithium battery and critical mineral industries across
North America. Learn more at
www.powermetalscorp.com.
-ON BEHALF OF THE BOARD-
Johnathan More, Chairman &
Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
the content of this news release.
No securities regulatory authority has either approved or
disapproved of the contents of this news release. The securities
being offered have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities laws, and may not be
offered or sold in the United
States, or to, or for the account or benefit of, a "U.S.
person" (as defined in Regulation S of the U.S. Securities Act)
unless pursuant to an exemption therefrom. This press release is
for information purposes only and does not constitute an offer to
sell or a solicitation of an offer to buy any securities of the
Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information based
on current expectations, including the use of funds raised under
the Offering. These statements should not be read as guarantees of
future performance or results. Such statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially
different from those implied by such statements. Although such
statements are based on management's reasonable assumptions, Power
Metals assumes no responsibility to update or revise
forward-looking information to reflect new events or circumstances
unless required by law.
Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements because the
Company can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. These statements speak only as of the date of this
press release. Actual results could differ materially from those
currently anticipated due to several factors and risks including
various risk factors discussed in the Company's disclosure
documents which can be found under the Company's profile on
www.sedar.com.
This press release contains "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The TSXV has neither reviewed nor approved the
contents of this press release.
SOURCE Power Metals Corp.
