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PepinNini Minerals Limited ( (AU:PNN) ) has provided an announcement.
Power Minerals Limited has announced the acquisition of the Gamma Heavy Rare Earths Project in California, located near the Mountain Pass Mine, the only REE producing operation in the U.S. This acquisition, supported by a $4.1 million placement, aims to enhance Power’s critical minerals portfolio and aligns with the U.S. government’s goal of establishing a domestic supply chain for essential minerals. The Gamma Project, historically explored for gold and uranium, has shown promising rare earth mineralization, which Power plans to further explore and develop.
More about PepinNini Minerals Limited
Power Minerals Limited is an emerging critical minerals exploration and development company, focusing on high-quality critical minerals assets. The company is involved in the exploration of rare earth elements (REE) and uranium, with a strategic emphasis on expanding its portfolio of critical minerals projects.
Average Trading Volume: 1,568,574
Technical Sentiment Signal: Buy
Current Market Cap: A$22.31M
See more data about PNN stock on TipRanks’ Stock Analysis page.