BUZZ-Australia's Power Minerals rises on option to acquire Brazil project

Reuters

04/16

** Shares of Power Minerals PNN.AX rise 16.7% to A$0.07, their biggest intraday pct gain since late September 2024

** The lithium explorer hits its highest level since April 7

** Co signs a binding letter of intent for an option to acquire Santa Anna Niobium Project in Brazil

** About 318,099 shares change hand, 1.7 times their 30-day average trading volume

** Stock down 34.8% this year, as of last close

(Reporting by John Biju in Bengaluru)

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

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