Power Metals Acquires Prospective Lithium Projects Adjacent to Existing Deposits and Discoveries

Power Metals Corp. (“Power Metals Corp.” or the “Company”) (TSXV:PWM)(FRANKFURT:OAA1) is pleased to announce the acquisition of two new prospective lithium assets in Canada and to provide an update to shareholders on the Company’s planned Spin-Out of its hard rock lithium properties.

As quoted in the press release:

Johnathan More, Chairman of Power Metals states, “With the addition of these two exciting projects, we are even more excited about the dynamic company that will be created by the Spin-Out of Power Lithium and its suite of assets fitting our rigorous qualitative criteria. We are also confident that this move will be a bonus for the company by clarifying and streamlining its distinct business units. The creation of two separate entities from one should unlock significant value for our shareholders.”

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