(Kitco News) - Borrowing from the success in the technology sector, Power Metal Resources is using an incubator model for its assets, noted CEO Sean Wade.
Last week Wade spoke to Kitco at the Rick Rule Symposium 2024 in Boca Raton, Florida.
Power Metal Resources PLC (AIM:POW, OTCQB:POWMF) is a London-listed metals exploration and development company. The company uses a project incubator model. The principal focus is on opportunities offering district-scale potential across a global portfolio including energy, base and precious metal exploration in North America, Africa and Australia. Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognized stock exchange to realize the value generated from Power Metal's internal exploration and development work.
Wade took the reins at Power Metal Resources last year. Wade is an experienced corporate executive within the natural resource sector and has worked on numerous transactions in the capital markets, including IPO’s, secondary capital raising and M&A in a wide variety of different jurisdictions and exchanges.
Wade said that the difference with Power Metal Resources' approach is more active management.
"Unlike say a passive investment company, or perhaps even a royalty company, we have very active investors in our projects," said Wade, who added that conference organizer Rick Rule is a proponent of Power Metal Resources' model. "What's been really, really exciting about this conference is being able to bring this story to investors who really understand the model."
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