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Cesium Continues to Drive Power Metals Corp (OTCMKTS: PWRMF)

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Power Metals Corp (OTCMKTS: PWRMF) has been making a fast move up the charts in recent months since reversing off $0.026 USD in December. The stock has continued to move higher in recent weeks attracting a fast growing shareholder base and recently topping $0.20 USD per share.

Power Metals has received significant interest in its Cesium mineralization discovered at the West Joe spodumene pegmatite in August 2018. Pollucite (Cesium’s ore mineral) is rare in pegmatites in Ontario, as it has only been identified in five pegmatite localities in the province: Power Metals owns 3 of the 5 – its 100% owned Case Lake Property, and its 100% owned Tot Lake and Marko’s pegmatites.

Cesium seems like a smart choice for Power Metals . this rare earth mineral currently comes from China who controls the worls production. It’s worth up to twice the price of gold, ounce for ounce and there are only three producing mines in the world, and all of them are controlled by China.

Power Metals Corp (TSX VENTURE:PWM)(FRANKFURT:OAA1)(OTC:PWRMF) bills itself as a diversified Canadian mining company with a mandate to explore, develop and acquire high quality mining projects. Power Metals is committed to building an arsenal of projects in both lithium and high-growth specialty metals and minerals. Management sees an unprecedented opportunity to supply the tremendous growth of the lithium battery and clean-technology industries.

Power Metals has a number of hard rock mining operations in Canada including The Paterson Lake Property which is located 75 km north of Kenora, northwestern Ontario in Paterson Lake and Treelined Lake Areas and can be accessed by English River Road and several logging and drill roads which dissect the property. The Property is composed of 64 mining claims totaling 1198 ha and is approximately 15 km by 5 km in size. The Property hosts multiple commodities: petalite (Li), spodumene (Li), Ta-oxides and feldspar (Rb, Cs).

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The Case Lake Property – Case spodumene pegmatite swarm is located 80 km east of Cochrane and 100 km north of Kirkland Lake, NE Ontario. It is accessible year-round by road via the Translimit Road which connects Ontario and Quebec. In addition to the lithium potential at Case Lake, Power Metals has received significant interest in its Cesium mineralization discovered at the West Joe spodumene pegmatite in August 2018. Pollucite (Cesium’s ore mineral) is rare in pegmatites in Ontario, as it has only been identified in five pegmatite localities in the province: Power Metals owns 3 of the 5 – its 100% owned Case Lake Property, and its 100% owned Tot Lake and Marko’s pegmatites.

The Gullwing – Tot Lake Property is located 30 km northeast of Dryden, northwestern Ontario in Webb township and can be accessed by Ghost Lake road and a series of local roads. The Property is composed of 76 mining claims totaling 1216 ha and is approximately 17 km by 1.5 km in size. The Property hosts multiple commodities: spodumene (Li), Ta-oxides, pollucite (Cs) and molybdenite (Mo).

In January Power Metals formed a strategic committee responsible for reviewing several recent options regarding the Company’s 100% owned Case Lake property. These options include the continuation of further drilling and development at Case Lake, a potential joint-venture with a strategic partner or the potential sale of the property.

On February 6 Power Metals announced the strategic review committee has decided to focus on our cesium mineralization in the spodumene pegmatites at Case Lake. Cesium is incredibly valuable as there are only three cesium mines in the world and Power Metals owns three of the five cesium occurrences in the province of Ontario: The Company’s 100% owned West Joe, Tot Lake and Marko’s pegmatites. Power Metals’ West Joe Dyke at Case Lake was discovered in August 2018 at the end of a drill program. The 2018 drill program intersected high grade cesium mineralization in six drill holes at West Joe: PWM-18-111, 112, 116, 123, 124 and 126 with up to 14.70 % Cs2O over 1.0 m in drill hole PWM-18-126. The 2018 drill program was targeting lithium mineralization and Power Metals was excited when the cesium mineralization was also intersected in the same drill holes.

Cesium is extremely rare globally. The United States Department of the Interior included Lithium, Cesium and Tantalum on its list of Critical Minerals. Cesium readily combines with oxygen and is used as a getter, a material that combines with and removes trace gases from vacuum tubes. Cesium is also used in atomic clocks, in photoelectric cells and as a catalyst in the hydrogenation of certain organic compounds. Because cesium is strongly photoelectric (easily loses electrons when struck by light), it is used in photoelectric cells, photomultiplier tubes, scintillation counters, and spectrophotometers. It is also used in infrared lamps.

Currently trading at a $14 million USD valuation Power Metals continues to move higher after the Company announces its intention to focus on its cesium mineralization in the spodumene pegmatites at Case Lake. Cesium is incredibly valuable as there are only three cesium mines in the world and Power Metals owns three of the five cesium occurrences in the province of Ontario: The Company’s 100% owned West Joe, Tot Lake and Marko’s pegmatites. Power Metals move to focus on Cesium has resonated with Investors – this rare earth mineral currently comes from China who controls the worls production. It’s worth up to twice the price of gold, ounce for ounce and there are only three producing mines in the world, and all of them are controlled by China. Power Metals Corp is hoping to change this. We will be updating on Power Metals on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with Power Metals.

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Disclosure: we hold no position in Power Metals either long or short and we have not been compensated for this article.

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