Cesium is “extremely pyrophoric, ignites spontaneously when in contact with air, and explodes violently in water or ice at any temperature above -116 ° C”, according to the German Institute for Strategic Metals ( ISE ). It’s critical not only to 5G, but to the healthcare industry, which uses cesium compounds in medical imaging, cancer therapy, positron emission tomography (PET), and in catalyst promoters , glass amplifiers, photoelectric cell components, crystals in scintillation counters and getters in vacuum tubes. Canada is the only hope for North American production right now, and Power Metals happens to be sitting on prime pegmatites discovered in August 2018 at its West Joe Dyke play, where it intersected high-grade cesium mineralization in six drill holes while it was looking for lithium. And Dr. Julie Selway , a key geologist for the Ontario Geological Survey during the tantalum boom of the early 2000s, and now VP of exploration for Power Metals, says the three properties the company is drilling are likely to have similar finds as the strategically important Sinclair mine in Australia. Power Metals has intersected cesium (Cs) mineralization in 6 drill holes on West Joe Dyke, with “exceptionally high-grade” Li and Ta intervals. On February 20th , Power Metals announced its exploration plans and will begin stripping and channel sampling on West Joe Dyke in Q2 of this year already. Dr. Kevin Anderson, a senior semiconductor analyst with Omdia (formerly IHS), describes it as the perfect setup for Beijing to keep the rest of the world in a cesium stranglehold. That means that China’s control of cesium is a supply bombshell waiting to explode, and one way to potentially diffuse it is sitting underground in Ontario, where drilling began in February. Turquoise has seen its share price languish last year, and the successful development of its world-class Oyu Tolgoi project in Mongolia is of utmost important to the future of this miner. This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.
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