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PepinNini Minerals Limited ( (AU:PNN) ) just unveiled an update.
Power Minerals Limited has moved to terminate its joint venture with Navigate Energy Technology at the Rincon Lithium Project in Argentina, thereby retaining 100% ownership of its most advanced lithium asset. The company concluded that the previous JV structure, under which Navigate could earn a 59% stake for a US$4 million investment, no longer reflected the project’s value amid stronger lithium prices and the strategic advantages of Rincon’s location on an operating lithium-producing salar. Following repayment of a US$1 million amount to Navigate and formal JV termination, targeted by late February 2026, Power plans to seek new funding and development partners that allow it to maintain a majority interest while fast-tracking development. It will launch an engineering study into installing evaporation ponds at Rincon and intends to establish a production hub at its nearby Pocitos Project, which can supply fresh water and leverage existing infrastructure, underscoring an intensified push toward production and value maximisation for shareholders.
The most recent analyst rating on (AU:PNN) stock is a Hold with a A$0.11 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, listed on the ASX under the code PNN, is a resources company focused on developing lithium assets in Argentina’s Salta Province, part of the lithium triangle. Its flagship asset within the broader Salta Lithium Project is the Rincon Lithium Project, a brine-hosted deposit located on the Rincon salar, adjacent to projects owned by Rio Tinto and Argosy Minerals. Rincon hosts a significant JORC 2012 mineral resource of 292,564 tonnes of lithium carbonate equivalent and has a positive Preliminary Economic Assessment completed to Scoping Study standard, positioning it as the company’s most advanced pathway to lithium production.
Average Trading Volume: 4,209,109
Technical Sentiment Signal: Hold
Current Market Cap: A$30.25M
Find detailed analytics on PNN stock on TipRanks’ Stock Analysis page.