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Power One Resources Corp.

TSXV:PWROLive AI agent

Power One Resources Corp.

Investor website: https://p1rc.com/

About

Power One Resources Corp. is engaged in the acquisition and exploration of rare earth elements and uranium. The company holds significant land in the Rocky Mountain Rare Metal Belt, particularly through its Wicheeda Project in British Columbia, which consists of 1,444 hectares of claims adjoining the Defense Metals Corp.'s Wicheeda rare-earth mineral project. Additionally, the Pecors Project contains an indicated resource of 20 million tons of uranium. The company is led by a team of experienced professionals in geology, finance, and project management, aiming to expand its exploration projects and capitalize on growth opportunities in the mining sector.

Verified company data

Cash position
$632,485
Shares outstanding
33218597
Mineral resource
The Pecors East Zone contains an indicated resource of 20,000,000 tons grading 0.037% (0.74 lbs./t) U308 or 14,800,000 lbs. U308. This resource estimate is based on limited drilling and there is potential to expand the Pecors East Zone on the property. The resource estimate cited above predates and therefore does not conform to the more stringent reporting requirements of National Instrument 43-101 and should not be relied upon according to those standards. IMT has not yet done exploration work to verify or classify the historical estimates as a current mineral resource, and the Company is not treating the historical estimates as a current mineral reserve or resource.
Projects
["Pecors Property: Uranium, Ni, PGE project near Elliot Lake, Ontario. Ten mining claims (115 units-approx. 1,840 hectares) in the Sault Ste. Marie Mining Division, Elliot Lake area in Northern Ontario more commonly known as the Serpent River property. Massive magnetic anomaly 7km long 3km wide * 2km deep. Marvel’s drilling at Serpent River found uranium values in the mineralized quartz pebble conglomerates consistent with historic results. Marvel also intersected mineralized aplite dykes and sills below the conglomerate beds, as well as highly altered mineralized breccia along the unconformity between the Archean basement rocks and overlying Proterozoic sediments. Significant rare earth values accompany the uranium mineralization. Elliot Lake was a major producer of yttrium as a by-product of the uranium production. Immediately west of the Serpent River project, neighbor Pele Mountain Resources (TSX.V: GEM) is advancing its Eco Ridge uranium-REE project, and in July 2011 it announced the positive results of a Preliminary Economic Assessment. Pele Mountains’ testing indicates good recoverability of REE’s, and similar results could be expected from the Serpent River mineralization. But the uranium and rare earths at Serpent River may prove to be a sideshow to another deposit type. In a 2009 summary of Ontario Geological Survey field work, a strong geophysical anomaly on the claims that was previously thought to be caused by an iron formation was reexamined. The new interpretation of the Pecors anomaly concludes it may be the result of contact style nickel-copper-PGE mineralization similar to that found to the east at Sudbury. Sediment sampling from Pecors Lake has shown high levels of nickel and chromium, lending further weight to the new analysis. Marvel commissioned a geophysical specialist to further interpret the airborne survey data, and the resulting 3D representation of the anomaly shows a length of seven km and width of three km, with an estimated depth of almost two km."]
Leadership
Dr. Wazir Khan (CEO, Exploration geologist with over three decades in the mining and exploration industry. His expertise in geology and project development is crucial for Power One's growth.), Brian Crawford (Chief Financial Officer – Director, CPA, CA with extensive experience as a senior financial executive and a founder of several TSXV and CSE listed companies.), Fraser Rieche (Director, Holds a BA in Economics with 25 years of international project management experience in resource-based industries and financial institutions.), Rasool Verjee (Director, LLB, Cantab, a global entrepreneur and advisor with a background in media and telecommunications, co-founder of Lavalife, and expert in emerging technologies.)

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