Power Minerals completes acquisition of Lítio Niobium Project in Brazil

Power Minerals Limited (ASX: $PNN) has successfully completed the acquisition of the Lítio Niobium Project in Brazil after finalizing technical and legal due diligence. The project is highly prospective for niobium, rare earth elements (REE), and lithium, with reconnaissance sampling confirming the presence of high-grade niobium, tantalum, and REE pegmatites within the project area.

Executive Commentary on Lítio Niobium Project Acquisition

With the acquisition of the Lítio Project now complete, Power plans to accelerate exploration with a more systematic sampling program to prioritize targets for drilling or other follow-up activities. This strategic acquisition expands our footprint in South America, adding to our Salta Lithium Project in Argentina, and we look forward to moving forward with exploration on our second project in the region. - Power Minerals Managing Director Mena Habib

Summary of Power Minerals' Lítio Niobium Project Acquisition

Power Minerals Limited (ASX: $PNN) has successfully completed the acquisition of the Lítio Niobium Project in Brazil, confirming the presence of high-grade niobium, tantalum, and rare earth element pegmatites within the project area. The company plans to accelerate exploration with a systematic sampling program to prioritize targets for drilling or other follow-up activities. This strategic acquisition expands Power Minerals' footprint in South America and complements its existing Salta Lithium Project in Argentina. The company aims to continue its exploration efforts and capitalize on the potential of its newly acquired project in the region.