PNN
Director Trades
| Date | Director | Value |
|---|---|---|
| M. Habib | $25,000 | |
| M. Habib | $25,000 |
Company News
Power Minerals Expands Portfolio with Acquisition of Gamma REE Project in California
Power Minerals (ASX: PNN) has announced that it is acquiring the Gamma heavy rare earth elements (REE) project in the San Bernardino district of California for approximately $950,000 plus shares. Gamma, which sits 195 kilometres southwest of the world-class Mountain Pass REE mine, has only recently come under examination for its rare earths potential after initial […]
Power Minerals’ second drill hole at lithium salar produces ‘outstanding’ brine results
Power Minerals (ASX: PNN) reports that its second hole at the Rincon salar has reached the aquifer depth of 605m and produced brine samples that demonstrate “excellent” flow rate and high density. Rincon one of its three salars (or salt flats) now under exploration at the company’s Salta lithium project in northwest Argentina. The company […]
Rincon drilling returns strong lithium grades and brine density for Power Minerals
The first hole of a resource definition drilling program at the Rincon salar within the Salta lithium project in Argentina has returned strong lithium grades and brine density for owner Power Minerals (ASX: PNN). A diamond hole was drilled to a depth of 345.6 metres and assays from 15 packer brine samples taken from selected […]
Power Minerals completes technical due diligence for proposed new lithium asset acquisitions
Diversified minerals company Power Minerals (ASX: PNN) has completed a key condition related to its planned acquisition of the Argentinian lithium assets of Ultra Lithium Inc. (TSXV: ULT). In its bid for the Ultra Lithium-owned over 250,000-hectare Laguna Verde lithium-brine projects in the Catamarca Province, Power Minerals stipulated that the mid-May deal was subject to […]
Lithium boom: is this time different?
“Stronger for longer” was a snappy slogan in past mining booms that never lived up to its promise because the boom always ended sooner than expected, and while that might be the case with the latest surge in lithium, there is a chance that this phase could be the real thing. One reason for believing […]
Power Minerals charged up over impressive maiden Incahuasi lithium numbers
Power Minerals (ASX: PNN) has achieved a critical milestone with the unveiling of an impressive initial JORC mineral resource for the Sisifo lithium brine licence at the Salta lithium-brine project in Argentina. The company’s maiden Sisifo JORC mineral resource estimate is a significant 249,308 tonnes of lithium carbonate equivalent (LCE) at 198 mg/l lithium concentration […]
Power Minerals to acquire Laguna Verde lithium brine project and properties from Ultra Lithium
Diversified minerals company Power Minerals (ASX: PNN) has signed a binding term sheet to purchase the Argentinian lithium subsidiaries of Canadian-listed Ultra Lithium Inc. Ultra Lithium holds 100% equity in the 75.68 square kilometre Laguna Verde lithium brine project in Catamarca Province, plus 2500 square kilometres of prospective properties in the world-renowned lithium triangle of […]
Power Minerals attracts $2.6m strategic investment from Fuyang Mingjin
Power Minerals (ASX: PNN) has attracted the attention of industry investor Fuyang Mingjin New Energy Development, which will scoop up $2.6 million shares to secure a strategic holding. Under an agreed placement, Fuyang will subscribe for 6.5 million Power shares at $0.40 each – giving it an 8.9% interest. Fuyang’s strategic $2.6 million investment will […]
Power Minerals starts resource definition drilling at Rincon salar within Salta lithium project
Diversified explorer Power Minerals (ASX: PNN) has commenced resource definition drilling at the Rincon salar within the Salta lithium project in Argentina. Drilling is designed to deliver a significant upgrade to Salta’s existing global resource which sits at 239,000 tonnes of contained lithium carbonate equivalent grading 313 milligrams per litre of lithium. The program will […]
Power Minerals reports highest average lithium grades to date at Incahuasi salar
A drilling campaign by Power Minerals (ASX: PNN) at the Incahuasi salar within the Salta lithium brine project in Argentina has returned the highest average lithium grades to date and strong brine densities. The final hole in the four-hole campaign intersected lithium-bearing brines in a 60 metre interval under an alluvial fan approximately 1 kilometre […]
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