Recent market volatility
Geopolitical developments involving Iran have contributed to heightened volatility across global financial markets. Energy prices have risen sharply, while equity markets have fluctuated as investors assess potential disruption to trade routes and supply chains.
At this stage, we do not see any material impact on the Company’s underlying operations or long-term strategy. Our team remains focused on delivering the strategic priorities already outlined to the market. History shows that while geopolitical events can trigger sharp reactions, conditions often stabilise as greater clarity emerges.
We will continue to keep shareholders informed of any developments that may materially affect the Company.
Success at PDAC
At the 2026 PDAC Convention in Toronto, PWM representatives met with investors, government officials and mining executives to highlight the Company’s progress and strategic advantages.
CEO Haydn Daxter has continued working closely with the Government of Ontario to support faster critical minerals permitting.
During PDAC, Haydn held a project status meeting with George Pirie, Minister for Northern Development, as well as a permit progression meeting with the Ontario Mines Department.
Case Lake is also being reviewed by Minister Lecce, Minister of Mines and Energy, under the One Project, One Process (1P1P) critical minerals framework.
The Company also met with Albemarle as part of regular engagement and planning for the future production phase of the business.
Power Metals continues to work closely with its First Nation partner at Case Lake, Apitipi Anicinapek Nation, to formalise an Impact Benefit Agreement.