PepinNini Minerals Limited ( (AU:PNN) ) has provided an update.
Power Minerals Limited has signed a binding letter of intent to acquire the Santa Anna Niobium Project in Goiás State, Brazil, which is a high-grade, drill-ready niobium carbonatite-hosted asset. This acquisition, if completed, will enhance Power’s position in the clean energy metals sector and complement its existing portfolio. The company plans to conduct targeted drilling to define an Exploration Target and potentially delineate a JORC-compliant Mineral Resource Estimate. Additionally, Power has entered into agreements to expand its lithium projects in Argentina and has secured $1.3 million in funding to drive exploration efforts.
More about PepinNini Minerals Limited
Power Minerals Limited is a South American-focused exploration and development company specializing in clean energy metals. The company is involved in the exploration and potential development of strategic critical minerals assets, including niobium and lithium projects.
YTD Price Performance: -5.00%
Technical Sentiment Signal: Buy
Current Market Cap: $5.27M
Learn more about PNN stock on TipRanks’ Stock Analysis page.