Australia's Pioneer rises to 3-year high after Argentina project acquisition, capital raise

Pioneer Minerals

09/10/2026 01:47

** Shares of Australia's Pioneer Minerals PMM.AX rise as much as much as 133% to A$0.42, on track for their best day, if gains hold 
** Stock hits highest level since Oct 2, 2023
** The critical minerals explorer says it would acquire the San Francisco Gold-Copper-Silver Project (SFD) in San Juan Province, Argentina
** Additionally, company also says it will raise A$1.8 million  ($1.25 million) at an issue price of A$0.18, with offer price being the same as stock's last close 
** YTD, stock up 150%, including day's moves 

($1 = 1.4366 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))