Power Metals (TSX-V: PVM) announced the Ontario Ministry of Mines has issued an early exploration permit for the entire Case Lake project area in northeastern Ontario.
The government permit is effective immediately for a three-year period, paving the way for the company to initiate its highly anticipated winter drilling program. The program will include several newly identified cesium targets uncovered through late-2024 soil sampling, further solidifying Case Lake as a globally significant critical minerals asset.
Haydn Daxter, CEO of Power Metals commented: "This permit is a major milestone, enabling further expansion of the Case Lake project. We're delighted to receive this support from the Ontario Ministry of Mines and regional stakeholders as we work to transform Case Lake into a world-class project set to meet the surging global demand for critical minerals. With winter drilling set to begin, we're confident in unlocking even greater value for our shareholders."
Johnathan More, founder of Power Metals, added, “With continued exploration and strategic de-risking efforts, the company is poised for another landmark year, driving growth and advancing Case Lake as a globally significant resource for critical minerals."
The Case Lake property is located 80 km east of Cochrane, northeastern Ontario, close to the Ontario - Quebec border. The property consists of 585 cell claims in Steele, Case, Scapa, Pliny, Abbotsford and Challies townships, and the Larder Lake mining division.
Power Metals has completed several exploration campaigns that have led to the discovery and expansion of new spodumene bearing LCT pegmatites at Case Lake. The mining company has drilled a total of 23,976 metres of core between 2017 and 2024 at the property. Power Metals has filed national instrument 43-101 and a technical report is on record for Case Lake on July 18, 2017.
Beyond Case Lake, the company's portfolio includes the Pelletier Property in Ontario and the Decelles and Mazerac Properties near Val-D'Or, Québec. Together, these assets cover 1,265 claims spanning more than 600km² of lithium-cesium-tantalum (LCT) prospective ground.
Learn more at www.PowerMetalscorp.com.
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