📈 UCAM Exercises Warrants, Raising c.£1.3m Power Metal Resources announces that strategic partner UCAM has exercised warrants over 13,333,333 Ordinary Shares at 10p, raising approximately £1.3m for the Company. As announced on 28 September, the proceeds, together with £600,000 from Power Metal, fund the c.£1.9m Phase 2 campaign at our Fermi Exploration uranium JV in 🇨🇦 Saskatchewan, taking our interest from 30% to 45%. Admission of the new shares to AIM is expected on or around 13 October 2026. Read more: londonstockexchange.com/news… #Uranium #Saskatchewan 🇬🇧 $POW 🇺🇸 #POWMF @OTCMarkets

A great write up here on Power Metal: theoakbloke.substack.com/p/p… Very much worth a 10 minute read!

📊 Interim Results for the Six Months Ended 30 June 2026 Power Metal Resources announces its unaudited interim results, reporting continued technical progress across the Project Incubator portfolio. Highlights: 💎 Power Arabia achieved a 20% stake in the Balthaga Project, Saudi Arabia, and commenced exploration toward 30% 💎 Fermi Exploration's uranium JV completed drilling at Badger Lake (1,922m) and East Hawkrock (2,120.4m), with Perch River and Reitenbach advanced to priority drill targets 💎 Tati Gold Project, Botswana: key permitting milestones achieved, with on-site drilling now under way 💎 Two new strategic investments made: Greyridge Exploration (Saudi copper-gold) and Next Minerals (Chile copper) Loss for the Period of £0.31m (30 June 2025: profit of £5.4m); net assets of £25.12m. Since Period-end, drilling has also commenced at Molopo Farms, Botswana, and Power Metal has agreed to increase its Fermi Exploration uranium interest to 45%. Read more: londonstockexchange.com/news… CEO Sean Wade commented: "I have been pleased by the operational advances achieved across our portfolio thus far this year, building on the work of a momentous FY2025." #Uranium #SaudiArabia #Botswana 🇬🇧 $POW 🇺🇸 #POWMF @OTCMarkets

🤝 Fermi Exploration: Power Metal to Increase Uranium JV Interest to 45% with a Fully Funded £1.9m Campaign CEO Sean Wade commented: "We are very keen to increase our exposure to Fermi Exploration, we believe strongly in the uranium opportunity we are building in Canada, and this increased equity position reflects that conviction. Our joint venture partner, UCAM, has agreed to an increase in our share of the JV, taking Power Metal's interest in Fermi from 30% to 45%. UCAM is a strategic investor with significant reach, and its continued support - including through the exercise of its warrants in Power Metal to help fund this next phase - is a strong endorsement of the JV. UCAM’s election to become a significant investor in the Company through early exercise of their warrants indicates broad support for the Company’s overall strategy. We look forward to collaborating with UCAM on future investments while advancing the Fermi Joint Venture. With a fully funded £1.9 million programme now in place covering both Perch River and Reitenbach, we are well positioned to move our uranium strategy forward at pace and I look forward to updating shareholders on the proposed drill targets on Perch River, and as geophysical results are received." Read more: londonstockexchange.com/news… #Uranium #Saskatchewan 🇬🇧 $POW 🇺🇸 #POWMF @OTCMarkets

🤝 Fermi Exploration: Power Metal to Increase Uranium JV Interest to 45% with a Fully Funded £1.9m Campaign Power Metal Resources announces an agreement with strategic partner UCAM that will take our equity interest in the Fermi Exploration uranium joint venture from 30% to 45%, in return for funding the next phase of exploration. UCAM will exercise 13.3m existing warrants in Power Metal, repriced at 10p, raising £1.3m. With a further £600,000 from Power Metal, c.£1.9m is committed to Phase 2 drilling at Perch River, targeting the core of the Rapids Fault Structure, and a geophysical survey at the Reitenbach Uranium Property in 🇨🇦 Saskatchewan. Following the exercise, UCAM will hold c.11% of Power Metal. Read more: londonstockexchange.com/news… CEO Sean Wade commented: "We are very keen to increase our exposure to Fermi Exploration, we believe strongly in the uranium opportunity we are building in Canada, and this increased equity position reflects that conviction..." #Uranium #Saskatchewan 🇬🇧 $POW 🇺🇸 #POWMF @OTCMarkets

🥇 Tati Gold Project, Botswana: Commencement of On-Site Operations Power Metal Resources announces that on-site work has now commenced at its 100% owned Tati Gold Project on the Tati Greenstone Belt near Francistown, Botswana, following the approval of the Environmental Management Plan ("EMP") and the signing of the access agreement covering the Project area, including Cherished Hope. The initial phase comprises Rotary Air Blast ("RAB") drilling designed to test below the base of oxidation, in order to preclude the effects of supergene enrichment on results. This will be followed by drilling down-dip to develop information on the geometry and continuity of the mineralised body, and subsequently along strike to test the lateral extent of mineralisation. Results will feed into a desktop feasibility study assessing the potential for small-scale mining at Cherished Hope. Under the option agreement, Tuscan Holding PTY LTD will manage and fund the planned work programme, at no cost to Power Metal. An extremely strong gold price environment continues to materially support the advancement of the Project. Read more: londonstockexchange.com/news… CEO Sean Wade commented: "Following the succession of approvals leading to on-site work at Tati, I'm delighted to see this work has now commenced. The phased progression of the works will aim to further test the mineralisation and scale of the targets. The results of this programme will aid us in assessing the potential for mining and gold production at the Project. "The favourable gold market environment continues to enhance Tati's potential, providing a great opportunity for us to move the Project along our incubation model, with ongoing advancement achieved at no additional cost to Power Metal. "I look forward to updating the market on the progress being made at Tati." #Gold #Drilling #Botswana #Exploration 🇬🇧 $POW 🇺🇸 #POWMF @OTCMarkets

⛏️ Molopo Farms Project, Botswana: First Hole Complete, Suspected Nickel Mineralisation Intersected Power Metal Resources announces the completion of the first hole of its drilling programme on the eastern feeder dyke to the Molopo Farms Igneous Complex in southwestern Botswana, where the Company is targeting a district-scale nickel and platinum group element discovery. Full announcement here: londonstockexchange.com/news… Hole 1-9 was drilled to a depth of 382m and intersected disseminated suspected nickel mineralisation associated with a leuconorite band between 243m and 269m downhole depth. Sampling and assaying of this interval is now in progress, with results to be announced once received, analysed and verified. The hole forms part of the previously announced 1,600m core drilling programme targeting an initial five high interest geological and geophysical targets on the eastern feeder zone to the MFC, with drilling continuing on the remaining targets. CEO Sean Wade commented: "I am delighted to report the completion of the first hole of our current drilling campaign at Molopo Farms, and particularly the intersection of suspected nickel mineralisation within the target structure. While we await the results of sampling and assaying, this is an encouraging early indication that our revised targeting approach, focused on the controlling structure and feeder dykes to the Complex, is testing the right ground. It reinforces our belief that a district-scale discovery remains within our reach. I look forward to updating shareholders as assay results are received and as the programme progresses." #Nickel #PGM #Botswana #Drilling 🇬🇧 $POW 🇺🇸 #POWMF @OTCMarkets

🌍 Great to welcome new Power Metal shareholder Rahul Vasudev, who joined us after watching CEO Sean Wade’s recent interview with Rick Rule. Rahul caught up with Sean (@seanwade1970) in person at the event, always fantastic to meet shareholders face-to-face! #RuleSymposium @realrickrule @OTCMarkets 🇬🇧 $POW 🇺🇸 $POWMF

Great to see @StockBoxMedia catching up with our CEO Sean Wade at the Rule Symposium as we kick off our Nickel Drill Campaign. Watch the interview below 👇 Exciting times as we advance this high-potential nickel sulphide project. #Nickel #Exploration 🇬🇧 $POW 🇺🇸 $POWMF

It was a pleasure to meet great investors like Lucas and talk them through all the projects we are working on at Power Metal, and how our business model creates ongoing value. 🇬🇧 $POW 🇺🇸 $POWMF #RuleSymposium @OTCMarkets

Delighted to be attending the Rule Symposium again this year, hosted by key shareholder @RealRickRule. The quality and depth of investors attending is fantastic, as shown here with our CEO Sean Wade diving into the detail of our business model with a large, highly engaged group. 🇬🇧 $POW 🇺🇸 $POWMF #RuleSymposium @OTCMarkets

🇧🇼 Molopo Farms Complex, Botswana – Drilling Underway (see image) 🇧🇼 Monday’s RNS: londonstockexchange.com/news… 🇬🇧 $POW 🇺🇸 $POWMF #Botswana #Nickel #PGM #Drilling

Prospecting licences renewed, drilling under way for Power Metal’s Botswana project miningweekly.com/article/pro…

⛏️ Molopo Farms Project, Botswana: Prospecting Licences Renewed & Drilling Underway Power Metal Resources announces that drilling has commenced on a 1,600m core drilling programme at the Molopo Farms Complex Project in southwestern Botswana, where the Company is targeting a district-scale nickel and platinum group element discovery. An initial five high interest geological and geophysical targets on the eastern feeder zone to the Molopo Farms Igneous Complex will be drilled, with siting based on the latest interpretations of magnetic, AMT and TDEM data. Unlike previous campaigns, this programme tests targets within the controlling structure to the Molopo Farms Complex and its related feeder dykes. The Project's Prospecting Licence 311/2016 has also been extended for two years and is now valid until 31 March 2028. Read more: londonstockexchange.com/news… CEO Sean Wade commented: "I am very pleased to provide this update on the renewal of our licences and the upcoming drilling campaign. We remain completely committed to the Molopo Farms Project and are optimistic that this campaign will build on the significant body of work that has already taken place there and that a district-scale discovery remains within our reach. I look forward to further updating shareholders in the coming months." #Nickel #PGM #Botswana #Drilling 🇬🇧 $POW 🇺🇸 #POWMF @OTCMarkets

📢 Shareholder Quarterly Update: Q2 2026 (April–June) A busy quarter across our global portfolio 👇 🔹 Badger Lake (Fermi JV): 4 diamond holes, ~1,922m drilled — confirmed multiple Athabasca-style uranium indicators (alteration, deep palaeoweathering, favourable structure) 🔹 East Hawkrock (Fermi JV): 9-hole, ~2,120m programme completed across the conductive corridor; exploration model validated 🔹 Perch River: sampling confirms the Rapids Fault is geochemically "fertile" — now our highest priority uranium drill target 🔹 Tati Gold, Botswana: EMP approvals & site access secured, RAB drilling planned — funded & managed by Tuscan at no cost to POW 🔹 Corporate: profitable FY25 audited results published, balance sheet cash positive, all AGM resolutions passed Read more here 👉 powermetalresources.com/inve… CEO Sean Wade: "With a strong balance sheet, active exploration programmes and exposure to multiple commodities and jurisdictions, we believe Power Metal remains well positioned to pursue future value creation opportunities for shareholders." 🇬🇧 $POW 🇺🇸 $POWMF @OTCMarkets #Uranium #Gold #Mining #Exploration #AIM