Diversified Canadian mining company Power Metals (TSX-V PWM) has retained Canaccord Genuity as financial advisor due to a high-level of third-party interest in its 100% owned Case Lake Project in northeastern Ontario.
Canaccord Genuity is advising the company on its strategic review and is evaluating both current operations and future growth opportunities, as Power Metals seeks to capitalise on the increasing global demand for caesium, lithium, and tantalum.
Haydn Daxter says 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.
“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 CEO says.
“The bank’s expertise in financial strategy and overall global market position, will be instrumental as we progress this world-class caesium asset. Additionally, we look forward to seeing our drill results from our recently completed winter drill program in the coming weeks.”
Canaccord Genuity is an 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 and Europe, Asia, and Australia, and operates a global advisory and capital raising platform in the metals and mining sector.
Write to Adam Orlando at Mining.com.au
Images: Power Metals
