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The latest update is out from PepinNini Minerals Limited ( (AU:PNN) ).
Power Minerals Limited has engaged Gega Elements to develop a gallium extraction strategy for its Santa Anna Project in Brazil. This partnership marks a significant step towards creating a domestic supply chain for gallium, a critical mineral currently dominated by China. The collaboration aims to validate gallium samples and develop refining processes, potentially leading to a commercial agreement. This initiative is part of a broader strategy to address the global gallium supply shortage, which has been exacerbated by China’s export restrictions, driving up prices and highlighting the strategic importance of establishing alternative sources.
More about PepinNini Minerals Limited
Power Minerals Limited, trading under the ASX code PNN, operates in the mining industry with a focus on extracting critical minerals such as gallium, niobium, and rare earth elements. The company is actively developing its Santa Anna Project in Brazil, aiming to establish a vertically integrated supply chain for gallium, a mineral essential for semiconductors and advanced communications.
YTD Price Performance: 2.17%
Average Trading Volume: 4,202,604
Technical Sentiment Signal: Sell
Current Market Cap: A$23.64M
For an in-depth examination of PNN stock, go to TipRanks’ Overview page.