Power Metals Corporate Update ON Decelles and Mazerac Projects IN Quebec, Canada
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POWER METALS CORPORATE UPDATE ON DECELLES AND MAZERAC PROJECTS IN
QUEBEC, CANADA
VANCOUVER, BRITISH COLUMBIA – January 16, 2025 – Power Metals Corp ("Power Metals" or the
"Company”) (TSX VENTURE: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) announces that it has
filed a draŌ valuaƟon report with the TSX Venture Exchange (“Exchange”) relaƟng to its agreement
with Winsome Resources Limited (ASX: WR1) to acquire (the “AcquisiƟon”) a 100% interest in the
Decelles and Mazerac projects located in Quebec from Winsome, in consideraƟon for the issuance of
17,650,000 common shares to Winsome, and the granƟng of a 2% net smelter royalty on each project
to the original vendor of the projects (all as originally announced on December 16, 2023). Winsome
Resources Limited is a Non‐Arm’s Length Party to the Company under the policies of the Exchange.
The AcquisiƟon has not closed and remains subject to the final acceptance of the Exchange.
Case Lake Property
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, Larder Lake Mining Division. The Property is 10km by 9.5km in size with 14 graniƟc
domes. The Case Lake pegmaƟte swarm consists of six spodumene dykes known as the North, Main,
South, East and Northeast dykes on the Henry Dome, and the West Joe dyke on a new dome,
collecƟvely forming mineralizaƟon trend that extends for approximately 10km (Figure 1).
Power Metals have completed several exploraƟon campaigns that have led to the discovery and
expansion of new and historic spodumene bearing LCT pegmaƟtes at Case Lake. The Company has
drilled a total of 23,706 meters of core between 2017 and 2024 at the Property. The Case Lake
Property is owned 100% by Power Metals Corp. A NaƟonal Instrument 43‐101 Technical Report has
been prepared on Case Lake Property and filed on July 18, 2017 (Figure 1).
PelleƟer Property
The PelleƟer Property is located 50km south of Hearst, northeastern Ontario close to a network of
forestry roads. The Property consists of 337 mineral claims that account for a total of 7000 hectares
in Franz, Roche, Scholfield, and Talbot townships in the Porcupine mining division. The PelleƟer
Project is characterized by LCT prospecƟve S‐type pegmaƟƟc granites intruding into metasedimentary
and amphibolite of the QueƟco at or near Archean terrane boundary between the QueƟco and Wawa
sub‐provinces (Figure 1).
Decelles Property
The Decelles Property contains 669 claims, covering 38,404 hectares of LCT prospecƟve ground near
the mining centers of Val‐dÓr and Rouyn‐Noranda, approximately 600km from Montreal. Power
Metals acquired the Decelles and Mazerac properƟes from Winsome Resources in 2023 in a deal that
allowed Winsome to increase its stake to 19.59% (Refer to press release announced on August 24,
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2023). The geology of Decelles property is part of the Archean PonƟac sub‐province where S‐type LCT
prospecƟve, pegmaƟte bearing, graniƟc Decelles Batholith intrudes into metasedimentary units of
the PonƟac Group. Spodumene and Beryl bearing pegmaƟtes have been reported historically within
the PonƟac sub‐province in associaƟon with S‐type garnet‐muscovite granite. The Decelles property
is adjacent to Vision Lithium’s Cadillac property where discovery of high‐grade lithium pegmaƟtes was
reported in 2022 (Figure 1).
Mazerac Property
The Mazerac Property is located approximately 30 km east of Power Metals’ Decelles property near
well‐established mining camps in the AbiƟbi region of Canada and is accessible by network of mining‐
grade forestry roads. The Mazerac property contains 259 claims that cover 14,700 hectares of LCT
prospecƟve ground near the mining center of Val‐dÓr and Rouyn‐Noranda. The regional geology of
Mazerac is similar to Decelles where S‐type LCT prospecƟve, pegmaƟte bearing, granites of Decelles
Batholith intrude into metasedimentary units of the PonƟac Group. Spodumene and Beryl bearing
pegmaƟtes have been reported historically within the PonƟac sub‐province in associaƟon with S‐type
garnet‐muscovite granite (Figure 1).
Figure 1 – Power Metals Corp Project LocaƟons Map in Ontario and Quebec Canada
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ScienƟfic and Technical Disclosure
The scienƟfic and technical disclosure included in this news release has been reviewed and approved by
Amanuel Bein, P. G e o . , Vice President of ExploraƟon for Power Metals, a Qualified Person under NaƟonal
Instrument 43‐101 Standards of Disclosure of Mineral Projects.
Power Metals Corp (TSX‐V: PWM)
PWM is a diversified Canadian mining company with a mandate to explore, develop and acquire high
quality mining projects. We are commiƩed to building an arsenal of projects in cesium, lithium, and
high‐growth specialty metals and minerals. We see an unprecedented opportunity to supply the
tremendous growth of the lithium baƩery and criƟcal mineral industries across North America. Learn
more at www.powermetalscorp.com.
‐ON BEHALF OF THE BOARD‐
Johnathan More, Chairman & Director
Neither the TSX Venture Exchange nor its RegulaƟon Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.
No securiƟes regulatory authority has either approved or disapproved of the contents of this news release. The
securiƟes being offered have not been, and will not be, registered under the United States SecuriƟes Act of 1933, as
amended (the "U.S. SecuriƟes Act"), or any state securiƟes laws, and may not be offered or sold in the United States,
or to, or for the account or benefit of, a "U.S. person" (as defined in RegulaƟon S of the U.S. SecuriƟes Act) unless
pursuant to an exempƟon therefrom. This press release is for informaƟon purposes only and does not consƟtute an
offer to sell or a solicitaƟon of an offer to buy any securiƟes of the Company in any jurisdicƟon.
Power Metals Corp
Johnathan More
515‐401‐7479
CauƟonary Note Regarding Forward‐Looking InformaƟon
This press release contains forward‐looking informaƟon based on current expectaƟons, including the use of funds
raised under the Offering. These statements should not be read as guarantees of future performance or results. Such
statements involve known and unknown risks, uncertainƟes and other factors that may cause actual results,
performance or achievements to be materially different from those implied by such statements. Although such
statements are based on management's reasonable assumpƟons, Power Metals assumes no responsibility to update
or revise forward‐looking informaƟon to reflect new events or circumstances unless required by law.
Although the Company believes that the expectaƟons and assumpƟons on which the forward‐looking statements are
based are reasonable, undue reliance should not be placed on the forward‐looking statements because the Company
can give no assurance that they will prove to be correct. Since forward‐looking statements address future events and
condiƟons, by their very nature they involve inherent risks and uncertainƟes. These statements speak only as of the
date of this press release. Actual results could differ materially from those currently anƟcipated due to several factors
and risks including various risk factors discussed in the Company's disclosure documents which can be found under
the Company's profile onwww.sedar.com.
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This press release contains "forward‐looking statements" within the meaning of SecƟon 27A of the SecuriƟes Act of
1933, as amended, and SecƟon 21E the SecuriƟes Exchange Act of 1934, as amended and such forward‐looking
statements are made pursuant to the safe harbor provisions of the Private SecuriƟes LiƟgaƟon Reform Act of 1995.
The TSX‐V has neither reviewed nor approved the contents of this press release.