Australia's Power Minerals soars on retaining full control of Argentina project

Power Minerals

14/01/2026 02:46

** Power Minerals PNN.AX soars as much as 25% to A$0.125, highest since December 5

** Lithium explorer set for best day since December 5

** Co terminates joint venture with Navigate Energy Technology for Rincon lithium project in Argentina, retaining 100% ownership of project

** Says, "Rincon JV did not represent the optimal value proposition for development of Rincon project"

** Adds discussions underway with potential new funding partners

** About 3.3 mln shares traded, 1.5x their 30-day average

** PNN fell 8.7% in 2025

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))