PepinNini Minerals Limited (AU:PNN) has released an update.
Power Minerals Limited has issued a repayment demand to Ultra Lithium Inc. for over AUD $1 million under a convertible loan agreement, with potential enforcement actions against Ultra Lithium’s assets if the debt is not settled within 10 business days. The move follows concerns about Ultra Lithium’s engagement in a previously contemplated business transaction. Power Minerals, an ASX-listed company, is focused on lithium exploration and development, with a portfolio of projects in Argentina and Australia.
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