Australia's Power Minerals at nearly 19-month high on buying US rare earths project

Power Minerals

08/10/2025 01:07

** Power Minerals PNN.AX rises as much as 6.15% to A$0.210; marks biggest intraday pct gain since December 22, 2020

** Stock hits highest since March 11, 2024

** Diversified miner executes option agreement to acquire Gamma Heavy Rare Earths Project in California

** Exact value of purchase not disclosed

** Nearly ~11 mln shares traded vs 30-day avg of ~2 mln

** PNN last up 30.8%, taking YTD gains to 41.3%

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))