Power Metals Engages Canaccord Genuity as Financial Advisor
POWER METALS ENGAGES CANACCORD
GENUITY AS FINANCIAL ADVISOR
VANCOUVER, BC
,
Jan. 30, 2025
/CNW/ - Power Metals Corp ("Power Metals" or the "Company")
(TSXV: PWM) (FRANKFURT: OAA1) (OTCQB: PWRMF) is pleased to announce the appointment
of Canaccord Genuity Corp. ("Canaccord Genuity") as financial advisor to the Company. Due to a
high-level of third-party interest in our 100% owned Case Lake Project (CLP) in northeastern
Ontario
, Canaccord Genuity will advise the Company's strategic review committee through this
important and exciting stage of the company.
Canaccord Genuity will commence a strategic evaluation of both current operations and future
growth opportunities, as Power Metals seeks to capitalise on the increasing global demand for
cesium, lithium and tantalum.
Positioned as a world-class deposit, Case Lake has attracted interest from strategic investors and
established global industries amid intensifying competition for critical mineral resources.
Haydn Daxter, CEO of Power Metals, added:
"The appointment of Canaccord Genuity is timely as we continue our extensive exploration
program at Case Lake, with several significant milestones indicatively scheduled for
announcement in the near term.
The bank's expertise in financial strategy and overall global market position, will be instrumental
as we progress this world-class cesium asset. Additionally, we look forward to seeing our drill
results from our recently completed winter drill program in the coming weeks."
Canaccord Genuity
Canaccord Genuity is a leading independent, full-service financial services firm, with operations in
two principal segments of the securities industry: wealth management and capital markets.
Canaccord Genuity's international capital markets division has offices in
North America
, UK &
Europe
,
Asia
, and
Australia
, and operates a well-established, highly regarded global advisory and
capital raising platform in the metals and mining sector.
Canaccord Genuity is independent to the Company.
Power Metals Corp (TSXV: PWM)
PWM is a diversified Canadian mining company with a mandate to explore, develop and acquire high
quality mining projects. We are committed 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 battery and critical 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 Regulation 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 securities regulatory authority has either approved or disapproved of the contents of this news
release. The securities being offered have not been, and will not be, registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities 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 Regulation S of the U.S. Securities Act) unless pursuant to an exemption
therefrom. This press release is for information purposes only and does not constitute an offer to
sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information based on current expectations, 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, uncertainties
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 assumptions, Power Metals assumes no responsibility to update or
revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions 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 conditions, by their very nature they involve inherent risks
and uncertainties. These statements speak only as of the date of this press release. Actual results
could differ materially from those currently anticipated 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 on
www.sedar.com
.
This press release contains "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved
the contents of this press release.
SOURCE
Power Metals Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/January2025/30/c5910.html
%SEDAR: 00024408E
For further information:
Power Metals Corp, Johnathan More, 515-401-7479,
CO: Power Metals Corp.
CNW 11:36e 30-JAN-25