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PepinNini Minerals Limited ( (AU:PNN) ) has shared an announcement.
Power Minerals is advancing energy infrastructure plans for its Salta Lithium Project in Argentina after meeting with Salta Province’s Director of Energy and Director of Mining to outline power needs of around 8MW for its Rincon and Pocitos salares. The company is assessing connection to the nearby Altiplano solar park’s high-voltage renewable power, exploring collaboration with other lithium producers on shared transformer stations and infrastructure to cut capital costs and accelerate development, and leveraging recent road and logistics upgrades near Pocitos to strengthen the region’s role as a lithium carbonate production hub following its move to retain 100% ownership of the Rincon Lithium Project and seek new funding and development partners.
The most recent analyst rating on (AU:PNN) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on PepinNini Minerals Limited stock, see the AU:PNN Stock Forecast page.
More about PepinNini Minerals Limited
Power Minerals Limited is an ASX-listed critical minerals developer focused primarily on lithium projects in Argentina’s Salta Province, including the Rincon and Pocitos salares, and also holds the Santa Anna rare earths–niobium project in Brazil. The company aims to supply the battery and energy transition markets by advancing lithium carbonate production supported by renewable energy and shared regional infrastructure.
Average Trading Volume: 3,038,645
Technical Sentiment Signal: Hold
Current Market Cap: A$31.63M
For an in-depth examination of PNN stock, go to TipRanks’ Overview page.