Ann: Trading Halt, page-221

There has been a lot of talk and fear on this forum since trading halt about many things, but personally I'm not too worried.

I think we need to let things ride out, but also we need to look at what is happening and look at the timing of things.

A few points:

We have the Renard mine which to me is still a no brainer, and all of our studies are being based around the Renard mine being acquired. This has been pushed back to August, with a small cap raise.

In the meantime Power Metals is going to have their Maiden resource announced in the next 6 weeks, and the PEA done by June.

We know that the process is relatively simple and tha Capex and Opex is very low (in the tens of millions of dollars, not hundreds of millions or billions as for Lithium).

The title of the Media release last week (Winsome Cesium - Lithium Projects) should say a lot to us about where their priorities will be in the next 6 months - it will be bringing the Cesium projects on board. Cesium first, Lithium second.

Winsome has the luxury of a second resource in their portfolio that can be brought to market by next year, and there are no other mines in the world currently mining high grade cesium.

The price for Cesium is similar to Gold, and it is extremely rare, plus it is easy to mine and approvals are also very simple.

I for one can certainly understand their shifting in priority for the next 6 months to something that can be mined and bringing in money as early as next year.

This puts you in a better negotiating position with industry - if the people you are negotiating with know you have income coming in next year, then they can't bully you or try and take you for a song. Look at what happened to Latin Resources. Do you think that would have happened if they also had Cesium in their portfolio and were negotiating contracts for the sale of that at the same time?

This also puts you in a much better negotiating position, when you are not totally reliant on the lithium price like so many of our peers. How many of our competitors would love to have the only Cesium mine in the world in their portfolio?

We also have Sirmac which has now been shown to have high grade Cesium at surface.

If you look at the drill data from power metals, you don't need to do a whole lot of drilling to get your MRE as Cesium deposits are relatively small and concentrated.

For Example the Phase III exploration campaign just completed for Power Metals was 23 holes for a total of 1475 metres in a very compact area. Much quicker and in a much smaller area than drilling out a lithium resource.

Similar can be done at Sirmac for very little money spent.

I don't have time to continue on, but if you have been keeping a close eye on Power metals over the past 12 months, then I think you can understand why there has been a priority shift to get things moving where you know there is a guaranteed income and cash flow which can start next year.

What would you do if you were in the driving seat?

We don't have all the background information, but I do know that Chris and Simon and team would be wanting the best for this company and shareholders in the long term.

Look at some of the things they have done:

1. Purchasing Power Metals stake from Sinome when it became available
2. Raising funds to get us through the lithium Winter
3. Getting the Renard mine option
4. re-negotiating the terms of the Renard mine.
5. Increasing shareholding in Power metals to approx 20%

I think we just need to let the next phase ride out. Yes the share price will drop in the short term, but we are getting our (many) ducks lined up, and when the time comes to pull the trigger on various options, I believe we will be in a strong position.

Share price for Power Metals is up 222% in past 6 months.

Stay strong holders - I still believe 2025 will be a pivotal year for Winsome.

Power Metals was on 7 News in Perth last week - their story is getting into mainstream media - link below.


https://www.linkedin.com/posts/power-metals-corp_cesium-mediacoverage-rareelement-activity-7281927508978016258-uZq5?utm_source=li_share&utm_content=feedcontent&utm_medium=g_dt_web&utm_campaign=copy