Power Metals Corp. entered into an agreement to acquire Winsome's Decelles and Mazerac projects located in Quebec. from Winsome Resources Limited.

Power Metals Corp. (TSXV:PWM) entered into an agreement to acquire Winsome's Decelles and Mazerac projects located in Quebec. from Winsome Resources Limited (ASX:WR1) on August 24, 2023.

Power Metals will acquire a 100% interest in Winsome's Decelles and Mazerac projects located in Quebec in consideration for the issuance of 17,650,000 common shares to Winsome. The Acquisition and the issuance of the consideration shares to Winsome are subject to the approval of the TSX Venture Exchange. Upon closing of the Acquisition, it is anticipated that Winsome will own approximately 19.59% of the outstanding shares.

Winsome currently owns approximately 9.94% of the outstanding common shares of the Company.