BUZZ-Australia's Power Minerals soars on retaining full control of Argentina project

Reuters

01/14

** Power Minerals PNN.AX soars as much as 25% to A$0.125, highest since December 5

** Lithium explorer set for best day since December 5

** Co terminates joint venture with Navigate Energy Technology for Rincon lithium project in Argentina, retaining 100% ownership of project

** Says, "Rincon JV did not represent the optimal value proposition for development of Rincon project"

** Adds discussions underway with potential new funding partners

** About 3.3 mln shares traded, 1.5x their 30-day average

** PNN fell 8.7% in 2025

(Reporting by John Biju in Bengaluru)

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

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