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Power One Resources Corp.

TSXV:PWROLive AI agent

Power One Corp.

Investor website: https://p1rc.com/

About

Power One Corp. is focused on the acquisition and exploration of rare earth elements, particularly in the Pecors and Wicheeda projects located in British Columbia. The Pecors East Zone has an indicated resource of 20 million tons of uranium, while the Wicheeda project is one of the largest landholders in the Rocky Mountain Rare Metal Belt, with significant potential for rare earth mineralization.

Verified company data

Cash position
$632,485
Shares outstanding
33218597
Mineral resource
In 2020, an updated mineral resource estimate for the Wicheeda deposit consisted of an Indicated Mineral Resource of 4.89 million tonnes averaging 3.02% light rare earth oxide (LREO) and an Inferred Mineral Resource of 12.1 million tonnes averaging 2.90% LREO at a cut-off grade of 1.5% LREO.
Projects
["The Wicheeda Properties: The Wicheeda properties are located approximately 80 km northeast of the city of Prince George, and approximately 50km east of the community of Bear Lake, British Columbia; are readily accessible by all-weather gravel roads and is close to major infrastructure including power transmission lines, railway and major highways. Geologically, they are situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland belt contains part of a large alkaline igneous province stretching from the Canadian Cordillera to the southwestern United States and hosts several carbonatite and alkaline complexes among which the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) alkaline complexes contain the highest concentrations of Rare Earth Element minerals.","Wicheeda North – Regional Geology: The Wicheeda North Project is located approximately 80km north-northeast of Prince George and 7 km northwest of Wicheeda Lake. The property is situated on NTS mapsheet 93J09 and is centred at Latitude 54.559° N and Longitude 122.196° W. The Project claims occur immediately northwest lie north and east of Chuchinka Creek.","Accessibility, Climate, Local Resources, Infrastructure and Physiography: Access to the property from Prince George is provided by Highway 97 and the Chuchinka Forest Service Road (FSR) which leaves Highway 97 at Bear Lake, a small community 60km west of the Project. The total driving distance from Prince George to the southeast edge of the property is 142km. The Chuchinka FSR passes by the southwest corner of the Project tenure, a point at which the property can be traversed on foot. Deactivated, overgrown arterial logging roads wrap around the Project tenure on the north and may provide all terrain vehicle access. The climate of the area is humid continental (Koppen climate classification Dfb), typified by large seasonal temperature differences, with warm to hot summers and cold winters. The average annual temperature is 4.1°C. July is the warmest month with an average temperature of 15.9°C, and January is the coldest month with temperatures averaging -10.2°C.","History: Exploration of the Wicheeda North Project has a limited history that was at least in part fueled by the discovery and exploration success of the Wicheeda property located 10km to the southeast. Claim staking to cover the Project area, then known as the Chuchinka property, was completed by Montoro in October 2008 and February-October 2009. In 2010, operator Electric Metals Inc. on behalf of Montoro, then owner of mineral claims that in part coincide with those of the Project, contracted Aeroquest International to complete a helicopter-borne AeroTEM survey of the Project area.","Geological Setting and Mineralization: The Wicheeda North Project is located in the Foreland Belt, a morphogeological belt of folded and imbricated miogeoclinal rocks that forms the eastern mountain ranges and foothills of the Canadian Cordillera. The bedrock underlying the property and enclosing areas consists mainly of limestone, marble, siltstone, argillite and calcareous sedimentary rocks that have been assigned to the Cambrian to Ordovician Kechika Group.","Exploration: In 2019, Montoro completed a modest exploration program consisting of two components, 1) reprocessing and reinterpretation of the 2010 Chuchinka magnetic and time domain electromagnetic airborne geophysical survey that covered the northern part of the Project, and 2) soil geochemical sampling, minor prospecting, bedrock mapping and rock sampling."]
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 investor with a background in media and telecommunications, co-founder of Lavalife, and advisor on strategy and capital markets.)

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