PepinNini Minerals Limited ( (AU:PNN) ) has provided an announcement.
Power Minerals Limited has secured commitments for a $1.3 million placement to fund exploration activities at its Santa Anna Niobium Carbonatite Project in Brazil. This funding will enable the company to commence immediate exploration of niobium and REE, further targeted fieldwork, and cover general working capital. The placement was managed by GBA Capital and Copeak, and includes issuing new shares and options to investors. The exploration at Santa Anna is expected to enhance the company’s operational capabilities and strengthen its position in the mineral exploration sector.
More about PepinNini Minerals Limited
Power Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly involved in the exploration of niobium and rare earth elements (REE) at the Santa Anna Project in Brazil, which is a high-grade niobium carbonatite hosted asset.
YTD Price Performance: -5.00%
Technical Sentiment Signal: Buy
Current Market Cap: $5.23M
For detailed information about PNN stock, go to TipRanks’ Stock Analysis page.