Power Minerals Limited (ASX:PNN)

🗞️Power Minerals finds further high-grade #niobium, #tantalum and #REE at Lltio | #PNN Media coverage by The Pick Magazine. https://lnkd.in/gxEgxZzW

Stockhead’s Break it Down dives into the details on a Power Minerals pact which marked a crucial next step towards developing a significant direct extraction operation in the Lithium Triangle. Power Minerals Limited (ASX:PNN) https://buff.ly/3TbZPDl #ASX

We've executed a Joint Venture Agreement for the development of the Rincon Project within our Salta Lithium Project in Argentina, with Navigate Energy Technology Limited as the controlling shareholder. Navigate will provide a US$4 million equity investment into the joint venture, which aims to establish Rincon as a significant Direct Lithium Extraction operation. This agreement follows the completion of due diligence and replaces a previous Binding Term Sheet. Managing Director Mena Habib commented, “We are delighted to execute the Joint Venture Agreement for the Rincon Project. After the successful completion of due diligence, the JVA represents a critical next step in formalising the terms under which the Project is proposed to be developed into a proposed significant Direct Lithium Extraction production operation. With the JVA executed, Power will now receive the second $500,000 tranche under the terms of the convertible loan agreement, and we will move forward to satisfy the conditions precedent, and establish the incorporated Joint Venture Entity for the Rincon Project.” Navigate Energy Technology Director Dr Wang Zhiqiang, PhD commented, “We are very pleased with the outcomes of our due diligence process in relation to the Rincon Project and Power Minerals, and are excited to enter into the JVA for the Rincon Project. We look forward to the establishment of the Rincon JV Entity and to working in partnership with Power Minerals to realize our shared goal of delivering a new source of quality LiCI and value added products from the Rincon Project.” Read the full ASX Announcement here: https://lnkd.in/gTEbFXes #PNN #powerminerals #Lithium #RinconProject #PowerMinerals #JointVenture #Mining #LithiumTriangle #EnergyTransition #SustainableEnergy #ASX #InvestingInLithium #RenewableEnergy #MiningInvestment #BatteryMetals

✈️ Our LiDAR survey is soaring over our Lĺtio Project in Brazil. This cutting-edge technology is mapping the terrain in 3D detail, helping us uncover hidden pegmatite dykes. The data gathered will be used to identify and prioritise target areas for the next phases of exploration, including bulk sampling, trenching, and drilling. #PowerMinerals #PNN #Lithium #Exploration #Brazil #LiDAR #Innovation

We've received further high-grade #niobium, #tantalum, and rare earth element (#REE) results from the ongoing sampling program at our Lĺtio Project in Brazil. The latest results, including up to 40.9% Nb₂O₅, 38.4% Ta₂O₅, and 3% PREO, confirm the presence of high-grade mineralisation across multiple locations within the project area. A LiDAR (Light Detection and Ranging) survey will be conducted over the project area to identify new pegmatite dykes, with plans for bulk sampling, trenching and maiden drilling program as the next phases of field work at Lĺtio, pending the results. Read the full ASX Announcement here: https://lnkd.in/gGea6jYB #PNN #PowerMinerals #ASX #ASXNews #rareearths #Miningnews

Power Minerals hunting #pegmatites trends at Lĺtio Project | Media coverage by Mining.com.au. https://lnkd.in/gni-49HM #Niobium #PNN #PowerMinerals #ASXNews

We will undertake a light detection and ranging (LiDAR) survey at our Lĺtio Niobium Project in Paraiba State in Brazil, covering 1600 hectares. The survey aims to provide high-resolution imagery and a detailed 3D topography model to help define new, priority exploration targets, following successful initial sampling that revealed high-grade niobium, tantalum, and rare earth elements. The survey is expected to be completed in the current quarter and results will be released when available. Managing Director Mena Habib said, “The LiDAR survey represents the next stage in our systematic exploration and appraisal of the Lltio Project. It provides an excellent, cost effective method to help identify and define exploration targets within the Project area. The data generated by the survey is expected to identify pegmatite trends within the Project area and allow for detailed mapping of the survey area. This work forms part of our expedited exploration plans at the Lltio Project, which are designed to deliver targets for a first-phase of drilling.” Read the full ASX Announcement here: https://lnkd.in/gw-JSHff #PNN #PowerMinerals #ASX #ASXNews #MiningNews #Niobium

Thrilled to host our valued investors, Fuyang Mingjin New Energy Development Co. This is a fantastic opportunity to discuss the progress of our Santa Ines Gold Project, nearing final ODI approval. We're proud to have secured a strategic investment of $2.6 million from Mingjin last year, which has been instrumental in accelerating the development of our Salta Lithium Project. As a cornerstone investor, Mingjin shares our vision of producing high-quality lithium for the booming EV battery market. We look forward to deepening our partnership and creating significant value for our shareholders. 📸 Left to right: Mr Chen Mingjin's Chief Investment Officer; Mrs Tian, Mingjin's lawyer; Power Minerals CFO Julie Krassay; and Senior Exploration Assistant Jillian Smith.

Power Minerals Limited (ASX:PNN) under the spotlight after successfully completing the acquisition of the Lítio Niobium project in Brazil. This strategic moves strengthens the company's position in the critical minerals market. Mena Habib Stephen Ross Jay Stephenson Stewart Walters Holly Walters Riley Maring #Niobium #REE #PowerMinerals #PNN

🗞️Power Minerals wraps up Brazilian #niobium project acquisition | Media coverage by @miningcomau https://lnkd.in/dPFJZ3Na #PNN #PowerMinerals #ASX #ASXnews