Toronto, Ontario – September 26, 2018 – Power Ore (“Power Ore” or the “Company”) (TSX.V: PORE) is pleased to present its shareholder update.
“From a shareholders’ perspective, our share price performance is most important. Closing price on September 24, 2018 was $0.13. This price and resulting market capitalization is based on thin trading, although we expect trading volumes to increase as we continue to develop the Power Ore portfolio vis-à-vis accretive acquisitions and further work on the Mann cobalt-silver mine. I encourage our sharehodlers to reach out to me directly for a personal update and more context on our activities,” said Stephen Stewart, Power Ore CEO. He continued, “Management is marginally content with the share performance, and we remain very bullish with respect to our upcoming plans for the company and we believe the fundamentals are in place for a strong market going forward. We strive to be an active management team focused on delivering value on a per share basis, with a view that a soft market yields opportunities for accretive acquisitions. As our management team and board of directors are significant shareholders in the company, we think and act like owners when making decisions on behalf of all shareholders.”
Since June 2018, Power Ore has completed significant work on the Mann cobalt-silver mine.
Below is a summary of the Company’s recent activity and plans going forward, along with links to provide further detail on each milestone.
Activity on Mann Mine – Completed Work
Activity on Mann Mine – Soon to be Announced Work
From managements perspective, the most interesting value opportunity for Power Ore is completing and announcing an advanced stage, accretive acquisition. Shareholders can expect this to occur in the near term, and the acquisition to be within the ‘Electrification Metals’ sector, which we define as copper, nickel and cobalt.
The technical information contained in this news release has been reviewed and approved by Charles Beaudry, P.Geo, Director and Vice President Exploration for PowerOre Inc., who is a Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.”
And please follow us on Twitter @PowerOre
To speak to the Company directly, please contact:
Stephen Stewart, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Power Ore is a trade name of PowerOre Inc. PowerOre Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to PowerOre Inc. Additional information identifying risks and uncertainties is contained in filings by PowerOre Inc. with Canadian securities regulators, which filings are available under PowerOre Inc. profile at www.sedar.com.