29 July 2025

Power Metal Resources PLC

("Power Metal" or the "Company")

First Day of Dealings for First Development Resources

Power Metal Resources PLC (AIM:POW), the London-listed exploration company with a global project portfolio, is pleased to announce that First Development Resources PLC ("FDR") will commence trading on AIM at 8:00am today, under the ticker FDR.

As part of the admission to trading on AIM ("Admission"), FDR raised gross proceeds of £2.3 million. On Admission, FDR will have a market capitalisation of £7.06 million, and Power Metal will hold 43.44% of FDR's issued share capital.

Sean Wade, CEO of Power Metal Resources, commented:

"I am thrilled to notify our shareholders that First Development Resources has successfully been admitted to trading on London's AIM market.

"This achievement is testament to the dedication and hard work of Tristan Pottas and the whole FDR team, and I look forward to seeing future market updates from the company as it progresses its highly prospective exploration assets, now with access to a world-leading market and potential investor base.

"The listing of FDR is another successful case study for our business model, and serves as further validation of our ability to identify, develop and crystallise the value of promising mineral assets."

Shareholders wishing to learn more about First Development Resources, may view the company's website through the following link: www.firstdevelopmentresources.com

For further information please visit https://www.powermetalresources.com/  or contact:

NOTES TO EDITORS

Power Metal Resources plc (AIM: POW, OTCQB: POWMF) is a London-listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries 

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa, Saudi Arabia, Oman and Australia.

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.

Value generated through disposals will be deployed internally to drive the Company's growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.