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Power Metals Corp. (PWRMF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.2384+0.0007 (+0.29%)
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Neutralpattern detected
Previous Close0.2377
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.2201 - 0.2410
52 Week Range0.2050 - 0.3500
Avg. Volume424,156
Market Cap25.006M
Beta (5Y Monthly)0.63
PE Ratio (TTM)N/A
EPS (TTM)-0.0090
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.14
  • Discovery Announces Warrant Exercises, Resulting in Increased Cash Balance of C$98 million

    Discovery Announces Warrant Exercises, Resulting in Increased Cash Balance of C$98 million

    TORONTO, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF) (“Discovery” or the “Company”) announces that an aggregate of 31,140,000 common share purchase warrants with an exercise price of C$1.00 were exercised prior to their expiry on February 17, 2021. The exercises resulted in gross proceeds of approximately C$31 million. The Company’s current cash balance has increased to approximately C$98 million. Taj Singh, President and CEO comments: “The exercise and expiry of these warrants is a significant positive event as it bolsters our cash position and eliminates the selling pressure typically experienced with warrant expiration. In the last six weeks 18 million warrants were exercised. With a cash balance of nearly $100M Discovery is in a solid position to rapidly advance the Cordero project, one of the largest undeveloped silver assets in the world, at a time when silver demand is very strong and sizeable development assets are in short supply.” About DiscoveryDiscovery’s flagship project is its 100%-owned Cordero silver project in Chihuahua State, Mexico. Our drill results to date show that Cordero is developing all the attributes of a tier 1 project – grade, scale, significant organic growth opportunities and well located in one of Mexico’s premier mining belts. The project is supported by an industry leading balance sheet with no debt and over $90 million of cash allocated for aggressive exploration, resource expansion and future development. Discovery was a recipient of the 2020 TSX Venture 50 award and the 2021 OTCQX Best 50 award. On Behalf of the Board of Directors, Taj Singh, M.Eng, P.Eng, CPA, President, Chief Executive Officer and Director For further information contact: Forbes Gemmell, CFA VP Corporate Development & Investor RelationsPhone: 416-613-9410Email: forbes.gemmell@dsvmetals.comWebsite: www.dsvmetals.com FORWARD-LOOKING STATEMENTS:Neither 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 this release. This news release is not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. Cautionary Note Regarding Forward-Looking Statements This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although Discovery believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include but are not limited to: fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Discovery does not assume any obligation to update any forward-looking statements except as required under applicable laws.

  • Tradewind Finance Announces USD 3 Million Supply Chain Finance Facility for Leading Garment Sourcing Company in Bangladesh
    CNW Group

    Tradewind Finance Announces USD 3 Million Supply Chain Finance Facility for Leading Garment Sourcing Company in Bangladesh

    NEW YORK, Dec. 3, 2020 /CNW/ -- Tradewind Finance has closed a USD 3 million supply chain finance facility for a reputed garment trading company based in Bangladesh that sources clothing items domestically from more than 20 factories and exports to Europe, the USA, Australia and Asia.

  • Power Metals Expands Case Lake Property
    CNW Group

    Power Metals Expands Case Lake Property

    VANCOUVER , May 19, 2020 /CNW/ - Power Metals Corp. ("Power Metals Corp." or the "Company") (TSX VENTURE:PWM)(OAA1.F) (PWRMF) is pleased to announce that we have staked an additional 107 cell claims to expand our Case Lake Property, Cochrane , northeastern Ontario . The staking added 4 additional granitic domes to the Case Lake Property bringing the total to 14 domes. Each dome has the potential to host Li-Cs-Ta pegmatite dykes close to surface.