Power Metals Corp. completed its 2023 field exploration activities and is preparing to initiate an exploration drill program at its 100% owned Case Lake Property (Property) in northeastern Ontario. Power Metals has been able to finalize key exploration activities that include completion of high resolution airborne surveys, compilation and interpretation of historic and recent exploration data, and the execution of a field exploration program that has identified new spodumene bearing pegmatites in the property.

In addition, the Company was able to initiate metallurgical test work in collaboration with SGS Canada on Lithium ? Tantalum ? Cesium (LCT) pegmatite samples from the Main, North, and West Joe dikes at Case Lake.

The company announced that it has successfully finalized its 2023 field exploration program and is in the process of procuring exploration service personnel for its Winter 2024 exploration drill program that is planned to start in January of 2024. 2023 key exploration highlights: Power Metals acquired high resolution airborne magnetic and LiDAR data at Case Lake in Spring of 2023, and completed compilation of property-scale linear features that identified regional structures that control emplacement and distribution of LCT pegmatites at Case Lake. Field exploration activities focussed on prospecting, sampling, and mapping during the 2023 field exploration program identified several new pegmatites in the Property, including spodumene-bearing LCT pegmatites in and around Dome Nine.

The company engaged SGS Canada to conduct metallurgical testing on mineralized pegmatite samples from Case Lake. Phase One sampling program for metallurgical studies was completed in fall of 2023 whereas samples collected in Winter of 2024 will be part of Phase Two sampling. Compilation of historical and recent exploration data, and detailed target generation process identified eight high priority target areas that haven't been tested by drilling.