Street Calls of the Week
LONDON - Power Metal Resources plc (AIM:POW, OTCQB:POWMF) reported a profit of £5.4 million for the six months ended June 30, 2025, compared to a £1.3 million loss in the same period last year, according to the company’s unaudited interim results released Monday.
The London-listed natural resources exploration company saw its total assets increase to £31.07 million at period end, up from £28.71 million at the end of December 2024. Net assets rose to £28.3 million from £22.9 million over the same timeframe.
During the reporting period, Power Metal made significant progress across its global project portfolio, particularly at its Block 8 exploration concession in Oman and its uranium-focused joint venture with UCAM Ltd, known as Fermi Exploration.
At Block 8 Oman, rock sampling returned results of up to 7.84% copper at the Al Maider Prospect, while gravimetric geophysics survey work at the Al Mansur Prospect defined five anomalies for further exploration.
A key financial highlight was the February disposal of 29.8 million shares in Guardian Metal Resources for £9.2 million. Post-period, Power Metal sold its remaining GMET holding for £13.6 million, bringing total proceeds to £22.8 million - an 11.8 times return on its original £1.9 million investment.
The company also announced First Development Resources commenced trading on AIM in July 2025, with Power Metal retaining a 43.44% stake.
In early September, Power Metal announced a proposed investment of up to £3 million in Minestarters, a blockchain-enabled platform for mining exploration finance, for up to a 49% stake.
The financial information was provided in a press release statement from the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.