BUZZ-Australia's Power Minerals at nearly 19-month high on buying US rare earths project

Reuters

2025/10/08

** Power Minerals PNN.AX rises as much as 6.15% to A$0.210; marks biggest intraday pct gain since December 22, 2020

** Stock hits highest since March 11, 2024

** Diversified miner executes option agreement to acquire Gamma Heavy Rare Earths Project in California

** Exact value of purchase not disclosed

** Nearly ~11 mln shares traded vs 30-day avg of ~2 mln

** PNN last up 30.8%, taking YTD gains to 41.3%

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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