Australia's Power Minerals jumps on securing Brazil project deal

Power Minerals

25/09/2024 05:37

** Shares of Power Minerals  PNN.AX  rise as much as 26.4%
to A$0.115, their highest level since July 23
    ** The mineral resources explorer executes a term sheet for
an exclusive option to acquire the Tântalo Project in Paraiba
state, Brazil
    ** Co says option to acquire the project is an opportunity
to materially expand co's ground position in an emerging
niobium exploration precinct in Brazil
    ** About 612,900 shares change hands by 0429 GMT, 3.3 times
the 30-day average volume of shares
    ** Stock has fallen 56.7% this year, as of last close
    

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