BUZZ - Shares of Australia’s Power Minerals rise after securing investment from Critical Metals Corp
路透社2026/11/03 01:41November 3 - ** Power Minerals (PNN.AX) shares rose as much as 14.3% to AUD 0.16, reaching their highest level since October 22
** The critical minerals exploration company (link) received a AUD 5 million (USD 3.51 million) strategic cornerstone investment from Nasdaq-listed Critical Metals Corp CRML.O through its Australian subsidiary European Lithium EUR.AX
** The investment was made via placement at an issue price of AUD 0.14 per share
** According to the company, the EUR-CRML group will become a cornerstone shareholder of Power Minerals, holding approximately 8%, thereby gaining a strategic investment opportunity in Brazil's emerging high-grade Morro do Ferro rare earth deposit
** Trading volume was about 3.5 million shares, 1.4 times the 30-day average volume
** Year-to-date, the share price has risen by 69.6%, including the day's gain
(1 USD = 1.4253 AUD)
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