DJ Power Metals to Pursue Case Lake Exploration Without Partners
By Adriano Marchese
Power Metals Corp. said Tuesday it will resume exploration on the Case Lake Li-Cs-Ta property in Ontario without partners following a strategic review.
The Canadian miner said it received multiple partnership and off-take agreement proposals, but determined it would pursue the next stage of exploration on its own.
Case Lake Li-Cs-Ta property is a three-commodity property with lithium, cesium and tantalum deposits, it said.
Power Metals said it will plan its 2021-2022 exploration program over the next couple of weeks.
"Not only do the mineralized structures lie at surface, they also contain a trifecta of high-grade Cesium, Lithium, and Tantalum mineralization. This rare occurrence will strongly add to the economics and overall potential" of the asset, Chairman and Director Johnathan More said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
October 12, 2021 09:01 ET (13:01 GMT)
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