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The latest announcement is out from PepinNini Minerals Limited ( (AU:PNN) ).
Power Minerals Limited has signed a binding Letter of Intent to acquire the advanced, high-grade Morro do Ferro rare earth elements project in Minas Gerais, Brazil, a renowned rare earths precinct. The asset is hosted on a favourable ‘Manifesto’ mining title that grants direct land ownership and enables streamlined exploration with no local third-party approvals beyond environmental permitting.
Drilling at Morro do Ferro has returned multiple very high-grade intercepts from surface, with long mineralised intervals grading between roughly 4% and 9% total rare earth oxides and individual ultra-high-grade samples exceeding 20% TREO, plus strong magnet rare earth oxide values. The acquisition will complement Power’s existing Santa Anna Niobium-REE project, reinforce its positioning as a Brazilian-focused critical minerals player, and is backed by about $10 million in new equity funding from U.S. institutional investors to support an aggressive multi-rig drilling campaign in 2026.
The most recent analyst rating on (AU:PNN) stock is a Sell 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 is an Australian-listed exploration and development company focused on strategic critical minerals. Its portfolio includes high-grade rare earth and niobium projects in Brazil, notably the Santa Anna Niobium-REE Project in Goiás state. The company targets assets in mining-friendly jurisdictions with strong potential to supply global clean energy and advanced technology value chains.
Average Trading Volume: 2,008,227
Technical Sentiment Signal: Hold
Current Market Cap: A$33M
See more data about PNN stock on TipRanks’ Stock Analysis page.