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Article Bezinga News

Power Metallic Announces Expansion In the Kingdom of Saudi Arabia via Joint Venture With Amaar Mining

Bezinga News May 19, 2026 · 6:30 am Read Original
Bearish -55.0
−100 Bearish 0 +100 Bullish
Power Metallic Announces Expansion In the Kingdom of Saudi Arabia via Joint Venture With Amaar Mining

Strategic partnership establishes a framework for Power Metallic and Amaar Mining to jointly pursue future Saudi mining license auction rounds, with 50/50 ownership economics and an initial approved post-award work-program funding framework of up to US$10 million
TORONTO, May 19, 2026 /CNW/ - Power Metallic Mines Inc. (the "Company" or "Power Metallic") (TSXV:PNPN) (OTC:PNPNF) (Frankfurt: IVV1) is pleased to announce that it has entered into a strategic alliance and joint venture framework agreement with Amaar United Mining Company ("Amaar Mining"), a Saudi Arabian company affiliated with Amaar Holding, to jointly pursue mining license opportunities in the Kingdom of Saudi Arabia.







The agreement marks

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Article Info
Source Bezinga News
Published May 19, 2026 · 6:30 am
Article ID azgaujc
Original URL Open source
Sentiment Signal
Bearish -55.0
−100Neutral+100
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