Australia's Pioneer Minerals rises on fund raising for US critical mineral projects

Pioneer Minerals

14/01/2026 02:54

** Shares of lithium explorer Pioneer Minerals PMM.AX rise 2.4% to A$0.21, their highest level since Nov. 20

** Co to raise A$1 million ($668,900.00) at an issue price of A$0.18 per share for exploration across its critical minerals projects in the U.S.

** Issue price is at a discount of 12.2% to stock's last close

** Stock ended down 31.7% in 2025

($1 = 1.4950 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))