Australia's Power Minerals gains on JV execution in Argentinian project

Power Minerals

02/09/2024 02:35

** Shares of Power Minerals  PNN.AX  rise as much as 11.4%
to A$0.098, their highest levels since Aug 16
    ** The mineral resources explorer executes a joint venture
agreement (JVA) for the strategic funding and development of the
Rincon Project within its Salta Lithium Project, Argentina
    ** Co says parties to the JV include China's Navigate Energy
Technology, Singapore's Repenergy Investment Private and co
    ** Adds Navigate Energy Technology will provide $4 million
equity investment into the JV
    ** Stock has fallen 58.1% this year, as of last close

    

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))