** Shares of Power Minerals PNN.AX fall 15.3% to A$0.061, their lowest level since April 16
** Stock set for its weakest session since March 26, 2024, if current trends hold
** Lithium explorer receives commitments to raise A$1.3 million ($834,340.00) via placement to commence niobium and REE exploration at the Santa Anna Niobium Carbonatite Project in Brazil
** Issue of 21.7 mln shares at A$0.06 apiece, represents a 16.7% discount on co's last close
** About 2 mln shares traded in stock's busiest session since September 30, 2024
** Stock down 33.7% YTD, including current session's moves
($1 = 1.5581 Australian dollars)
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
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