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PepinNini Minerals Limited ( (AU:PNN) ) just unveiled an update.
Power Minerals Limited has signed a non-binding term sheet with Summit Explore Corporation, a subsidiary of Canadian DLE technology provider Summit Nanotech, to develop its Salta Lithium Project in Argentina. The proposed joint venture will apply Summit’s patented denaLi direct lithium extraction technology, which claims high lithium recovery and impurity reduction, across Power’s five lithium brine salars and any additional nearby projects Explore may acquire.
Under the framework, Explore can earn a 59% stake in a new joint venture by funding and building a 5,000-tonne DLE plant and investing up to US$6 million in drilling, resource work and a preliminary feasibility study for the combined Area of Influence. Explore will also have an option to acquire the entire Salta Project for US$50 million in cash during the feasibility phase, positioning Power either for a high-value exit or a minority stake in a larger, multi-salar lithium operation.
The most recent analyst rating on (AU:PNN) stock is a Hold with a A$0.10 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 Australian resources company focused on developing lithium brine assets in Argentina’s lithium triangle. Its Salta Lithium Project comprises five key lithium brine salars—Incahausi, Arizaro, Rincon, Pocitos and Pular—targeting the growing global demand for battery-grade lithium through advanced extraction technologies.
YTD Price Performance: 25.00%
Average Trading Volume: 2,180,575
Technical Sentiment Signal: Hold
Current Market Cap: A$35.63M
For detailed information about PNN stock, go to TipRanks’ Stock Analysis page.