$78.1M
USD
Market cap · 2026–07 · week 30
🇨🇦 Canada, Vancouver
Country
Battery Metals
Sector
Explorer · Junior / Minor · Canada
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Overview:
Power Metals Corp. is a junior mineral exploration company headquartered in Vancouver, Canada, operating primarily in Canada. The company's portfolio consists of 3 projects, comprising 0 operating mines, 0 development, and 3 exploration projects: the flagship Case Lake property in northeastern Ontario and the Decelles and Mazerac lithium properties in Quebec. The business model is focused on exploring and advancing lithium-cesium-tantalum (LCT) pegmatite properties, anchored by Case Lake, where a maiden in-pit Mineral Resource Estimate defined 13,000 tonnes grading 2.40% Cs2O for 330 tonnes of contained cesium oxide across just one of eight pollucite-bearing pegmatite dykes. A defining competitive characteristic is the company's exposure to cesium, one of the world's rarest battery and technology metals, alongside lithium and tantalum from the same pegmatite swarm, with significant remaining dyke inventory at Case Lake. The Decelles and Mazerac properties extend the company's lithium pegmatite exposure in Quebec. As a pre-revenue explorer the organization depends on equity financing and the option-out of properties, and is exposed to volatile cesium, lithium and tantalum prices, single-property concentration of its only defined resource, and the inherent uncertainty of exploration.
Strategy:
Strategic direction is built on advancing the lithium-cesium-tantalum pegmatite portfolio, with a particular emphasis on expanding the cesium resource base at the flagship Case Lake property, where the maiden Mineral Resource Estimate covers only one of eight pollucite-bearing dykes and points to substantial growth potential. Exploration priorities include drilling the broader pegmatite swarm to test for additional lithium-cesium-tantalum mineralisation across the property's granitic domes, building on more than 23,000 metres of historical core drilling. The company also pursues growth through acquisition, having added the Decelles and Mazerac lithium properties in Quebec, and retains the flexibility to option out properties to partners to fund exploration and administrative expenditures. Capital allocation is directed toward exploration spending, funded primarily through equity, while the company leverages strategic relationships to commercialise its cesium endowment. The forward objective is to grow and define its resource base across cesium and lithium to position the projects for development.
Management:
The Board of Directors includes Johnathan More and Brent Butler, both of whom serve as directors. On March 7, 2025 the company appointed Haydn Daxter as a director, replacing Chris Evans. Executive functions are carried out by the company's Chairman, Chief Executive Officer and Chief Financial Officer, who together with the Board oversee exploration and corporate strategy; the VP Exploration role became vacant when Amanuel Bein resigned on January 31, 2026. The Board oversees the company's exploration programs across its Ontario and Quebec properties and its related-party arrangements.
Structure:
Power Metals Corp. is incorporated under the British Columbia Business Corporations Act and its common shares trade on the TSX Venture Exchange under the symbol PWM, and on the OTCQB Venture Market in the United States under the symbol PWRMF since July 6, 2022; the company is a reporting issuer in British Columbia, Alberta and Ontario. The Case Lake property is 100%-owned, ownership having transferred to Power Metals in June 2019 upon completion of an option agreement with a third party. The company acquired a 100% interest in the Decelles and Mazerac lithium projects in Quebec from Winsome Resources Limited, issuing 17,650,000 common shares valued at $15,002,500 as consideration; because a former director of the company was also a director of Winsome, the transaction was a related-party arrangement. The company has also entered into a strategic agreement with Sinomine (Hong Kong) Rare Metals Resources Co. relating to its cesium business.
Source:
Power Metals Corp. - MD&A and Financial Statements - 2025
Exploration · 3 projects
Case Lake
Asset · Exploration
Canada, Ontario
Mining
Type
Exploration
Status
🇨🇦 Canada, Ontario
Country
Project information
As at 30 November 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
-
Extraction:
-
Ore type:
Pegmatite
Ore type:
Pegmatite
Processing route:
Dense media separation and flotation
Processing route:
Dense media separation and flotation
Description
As at 30 November 2025
Flagship 100%-owned lithium-cesium-tantalum (LCT) pegmatite property located 80 km east of Cochrane in northeastern Ontario near the Ontario-Quebec border, measuring 10 km by 9.5 km with 14 granitic domes and a pegmatite swarm of dykes (North, Main, South, East and Northeast). A maiden in-pit Mineral Resource Estimate for the Case Lake Cesium Project reports 13,000 tonnes grading 2.40% Cs2O for 330 tonnes of contained cesium oxide in the Inferred category, covering just one of eight pollucite-bearing pegmatite dykes on the property. Lithium and tantalum mineralisation is also present across the LCT dykes, with high-grade spodumene drill intercepts, but no lithium or tantalum resource has been defined. Power Metals took 100% ownership of the option-acquired claims in 2019.
Mining metrics
As at 30 November 2025
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Reserves & resources — detail
As at 30 November 2025
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Decelles
Asset · Exploration
Canada, Quebec
Mining
Type
Exploration
Status
🇨🇦 Canada, Quebec
Country
Project information
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
-
Extraction:
-
Description
Lithium exploration property in Quebec, Canada, acquired together with the Mazerac project for a 100% interest from Winsome Resources Limited. The property is at the exploration stage with no defined mineral resource.
Mining metrics
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Mazerac
Asset · Exploration
Canada, Quebec
Mining
Type
Exploration
Status
🇨🇦 Canada, Quebec
Country
Project information
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
-
Extraction:
-
Description
Lithium exploration property in Quebec, Canada, acquired together with the Decelles project for a 100% interest from Winsome Resources Limited. The property is at the exploration stage with no defined mineral resource.
Mining metrics
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Battery Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Battery metals
- LCE vs Li metal vs Li₂O. Hard-rock reserves use % Li₂O; brine reserves use mg/L Li. Both translate to lithium carbonate equivalent (LCE) for chemical buyers.
- 1 t Li₂O ≈ 2.473 t LCE; 1 t Li metal ≈ 5.323 t LCE; 1 t LCE ≈ 0.188 t Li metal.
- Spodumene concentrate (5–6% Li₂O) is the usual hard-rock product; brine producers sell lithium carbonate or hydroxide. ~7.5:1 spodumene tonne to LCE tonne at 6% Li₂O.
- Nickel Class I (≥99.8% Ni, batteries) vs Class II (ferronickel/NPI, stainless). Cobalt is almost always a Cu/Ni by-product.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
- Consolidation method — how the issuer accounts for the asset. Separate from how much the company owns (ownership %) and who operates it, this accounting treatment decides whether an asset's figures sit inside the company's reported group totals or are stripped out to a single net line. It applies to operating assets (mines, oil & gas fields, processing facilities) and is left blank for royalties, streams, and company-level portfolio rollups.
- Consolidated — the company controls the asset and includes 100% of its figures in the group total; the portion it does not own is carried as a non-controlling interest (NCI). Control is not the same as a majority, so a company can consolidate an asset it holds less than half of. Where ownership is below 100%, the Portfolio shows the NCI percentage (100 minus the company's stake).
- Proportionate — a jointly-operated asset the company includes at its own share, line by line; the share is inside the group total.
- Equity method — an associate or joint venture shown on a single net line, with its revenue excluded from the group total. This is the usual reason a company's reported total is smaller than the sum of its individual assets; the Portfolio flags the share of a commodity total that is equity-accounted.
- Cost / other — a passive or fair-value holding, excluded from the group total.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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