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Power Metal Resources Obtains In-Roads To Saudi Arabia and Oman Through Jasper Consult Partnership

3 July 2023 15:46
LON: POW
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Power Metal Resources PLC (LON:POW) has taken a significant step towards building a presence in the Kingdom of Saudi Arabia and Oman, entering into a consulting agreement with Jasper Consult DMCC, a strategic consultant based in London and Dubai with extensive expertise in the region.

A Powerful Move

Jasper Consult, a well-respected and seasoned strategic advisory and consultancy firm, has established itself as a leader in the industry since its inception in 200, the firm offers specialised and targeted advisory services, utilising its own talented professionals or tapping into the extensive network of experienced consultants when required.

Key objectives of the consulting agreement with Jasper Consult include identifying relevant exploration and development opportunities, supporting the negotiation process for the award of exploration licenses, securing appropriate co-development partners, and assisting Power Metal in building a long-term presence in the region. Additionally, the collaboration aims to identify and secure strategic partners for Power Metal, further enhancing the Company’s position in the market.

The move aligns with Power Metal’s existing strategy of investing in highly prospective projects and comes at a time when Saudi Arabia is implementing its ambitious 2030 Vision strategy, focusing on economic diversification and development.

By partnering with Jasper Consult, Power Metal aims to tap into the vast mineral potential of the Arabian Shield geological trend, a region that remains largely underexplored.

Looking Forward

As part of its commitment to success in the region, Power Metal plans to establish a dedicated technical team to oversee the development of this opportunity.

The Company believes that this collaboration with Jasper Consult, coupled with its existing in-house experience in the region, will create a formidable force capable of unlocking the vast mineral potential that Saudi Arabia and Oman offer.

Sean Wade, Chief Executive Officer of Power Metals, expressed his enthusiasm for the newly formed relationship with Jasper Consult, stating, “I am very pleased to announce this new relationship with Jasper Consult, and very excited about the opportunity we have to establish a presence in both Saudi Arabia and Oman.”

“The Arabian Shield geological trend is a rich mineral system that is vastly underexplored, presenting an excellent opportunity for us to demonstrate our successful business model. By utilising the regional expertise of Jasper Consult, we hope to secure exploration licenses and further crystallise value for shareholders. I look forward to updating shareholders on this important new step for the Company,” Wade said.

POW’s London Stock Exchange-listed share price is currently trading at 0.71 British Pence (3:27 pm UTC+ 8 hours).

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