Power Metal Resources plc (AIM:POW) agreed to acquire 75% stake in GSA Environmental Ltd for £1 million on February 29, 2024. Maximum total consideration payable is capped at £1 million, structured as follows: Power Metal will pay initial consideration of £0.075 million through the issue of Ordinary Shares in Power Metal at an issue price equal to the volume weighted average price ("VWAP") in the 5 trading days immediately prior to the completion of conditions precedent set out below. ; Immediately upon execution by GSAe of a commercial agreement with a third-party of no less than £160,000 value (the "Third-Party Agreement Date"), £0.075 million payable through the issue of Power Metal Ordinary Shares at an issue price equal to the VWAP in the 5 trading days immediately prior to the Third-Party Agreement Date; Upon the first anniversary of the Effective Date (the "First Anniversary Date"), £250,000 payable at the sole discretion of GSAe in cash or by the issue of Power Metal Ordinary Shares at an issue price equal to the VWAP in the 5 trading days immediately prior to the First Anniversary Date, conditional upon GSAe recording a profit in the relevant period of no less than £0.45 million; Upon the second anniversary of the Effective Date (the "Second Anniversary Date"), £0.25 million payable at the sole discretion of GSAe in cash or by the issue of Power Metal Ordinary Shares at an issue price equal to the VWAP in the 5 trading days immediately prior to the Second Anniversary Date, conditional upon GSAe recording a profit in the relevant period of no less than £0.65 million ; and Upon the third anniversary of the Effective Date (the "Third Anniversary Date"), £0.35 million payable at the sole discretion of GSAe in cash or by the issue of Power Metal Ordinary Shares at an issue price equal to the VWAP in the 5 trading days immediately prior to the Third Anniversary Date, conditional upon GSAe recording a profit in the relevant period of no less than £1,000,000.Completion of the Transaction is conditional upon completion of due diligence by Power Metal and other customary pre-conditions. Ewan Leggat of SP Angel Corporate Finance LLP acted as financial advisor to the Power Metal Resources plc.

Power Metal Resources plc (AIM:POW) completed the acquisition of 75% stake in GSA Environmental Ltd on May 20, 2024. As a part of initial consideration Power Metal will pay £0.075 million through the issue of new ordinary shares of 2p each in Power Metal at an issue price of 14.5813p each, being the volume weighted average price ("VWAP") in the 5 trading days immediately prior to the completion of conditions precedent, which occurred on 17 May 2024 (the "Effective Date"). Accordingly, 514,357 new Ordinary Shares will be issued.