Power Metal Resources plc (AIM:POW) acquired Doerksen Bay Graphite Project from a consortium led by Brian Fowler for £0.035 million on January 4, 2023. The Consideration is payable through the issue of 2,500,000 Power Metal new ordinary shares of 0.1p each at an issue price of 1.5p per share. The Consideration Shares will be subject to a 4-month lock-in from today's date.

Power Metal Resources plc (AIM:POW) completed the acquisition of Doerksen Bay Graphite Project from a consortium led by Brian Fowler on January 4, 2023.