Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non Executive Director Paul De Araujo was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 27
Power Minerals Limited (ASX:PNN) completed the acquisition of Mineração Terras Raras S/A. Power Minerals Limited (ASX:PNN) entered into a Binding Letter of Intent to acquire Mineração Terras Raras S/A for approximately AUD 23.1 million on March 5, 2026. Power Minerals Limited (ASX:PNN) agreed to acquire Mineração Terras Raras S/A on April 27, 2026. As a part of consideration, an initial payment of AUD 3 million in cash; and issuing the Vendors AUD 3 million worth of fully paid ordinary shares in the capital of PNN, subject to PNN Shareholder approval. As Deferred Consideration, on the date that is 12 months after execution of the Definitive Agreement, PNN will (i) pay the Vendors AUD 2.5 million in cash; and (ii) subject to receiving Shareholder approval, issue the Vendors AUD 2.5 million worth of Shares. On the earlier to occur of the date that is 24 months after execution of the Definitive Agreement, or the granting of mining and environmental licencing in respect of the Project, PNN will (i) pay the Vendors AUD 1.75 million in cash; and (ii) subject to receiving Shareholder approval, issue the Vendors AUD 1.75 million worth of Shares. On the earlier to occur of the date that is 36 months after execution of the Definitive Agreement, or the Company achieving the pre-BFS milestone in respect of the Project, or entering into a letter of intent with a potential client in respect of product from the Project, PNN will (i) pay the Vendors AUD 1.75 million in cash; and (ii) subject to receiving Shareholder approval, issue the Vendors AUD 1.75 million worth of Shares. On the earlier to occur of the date that is 60 months after execution of the Definitive Agreement; or completion of a bankable feasibility study in respect of the Project, PNN will (i) pay the Vendors AUD 1.5 million in cash; and (ii) subject to receiving Shareholder approval, issue the Vendors AUD 1.5 million worth of Shares. Upon the Project achieving a JORC Mineral Resource of 20 million tonnes at 4% TREO, the Company will pay the Vendors a milestone cash payment of $1.5 million (AUD 2.124 million). In addition to the Consideration, should Power conduct mining activities at the Project, the Vendors are entitled to a 2.5% net smelter royalty, which will apply to any and all ore extracted by the Company from the area covered by the Project. The transaction will be financed through a placement of fully paid ordinary shares in the Company to raise $10.25 million (AUD 14.51 million). The acquisition would be an ideal complement to the Company’s other Brazilian asset, the Santa Anna Niobium and REE Project in Goiás state. It would enhance Power’s position as a leading Brazilian-focused critical minerals explorer and developer.
The transaction is subject to approval of offer by acquirer shareholders and consummation of due diligence investigation. Power has paid a non-refundable due diligence period fee of AUD 0.1 million to the Vendors for a 30-day due diligence period over the Project. Subject to the successful completion of due diligence, Power will move to execute a definitive agreement with the project vendors and complete the acquisition, and then expedite on-ground exploration programs to fully realise the Project’s value proposition. As on April 13, 2026, Power has completed all due diligence requirements for the acquisition.
Power Minerals Limited (ASX:PNN) completed the acquisition of Mineração Terras Raras S/A on April 27, 2026. Aankondiging • Mar 05
Power Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 10.25 million. Power Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 10.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 97,619,048
Price\Range: AUD 0.105
Discount Per Security: AUD 0.0063
Transaction Features: Subsequent Direct Listing Aankondiging • Dec 05
Power Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 4.1 million. Power Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 4.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing Aankondiging • Dec 01
Power Minerals Limited (ASX:PNN) completed the acquisition of Santa Anna Niobium-REE-Gallium Project from E2 Minerais E Fertilizantes Ltda and Neofertil Mineração Ltda. Power Minerals Limited (ASX:PNN) signed a letter of intent to acquire Santa Anna Niobium-REE-Gallium Project from E2 Minerais E Fertilizantes Ltda and Neofertil Mineração Ltda. for AUD 9.5 million on August 11, 2025. A cash consideration of AUD 0.5 million will be paid by Power Minerals Limited. The consideration consists of common equity of Power Minerals Limited having a value of AUD 1 million to be issued for assets of Santa Anna Niobium-REE-Gallium Project. Power Minerals Limited will pay a contingent payment of AUD 5 million cash and of AUD 3 million common equity. As part of consideration, AUD 9.5 million is paid towards assets of Santa Anna Niobium-REE-Gallium Project. The acquisition will be funded by Power Minerals Limited existing cash reserves. The transaction is subject to consummation of due diligence investigation and definitive agreement. The acquisition of the Santa Anna Project has the potential to be highly value accretive for Power Minerals Limited.
Power Minerals Limited (ASX:PNN) completed the acquisition of Santa Anna Niobium-REE-Gallium Project from E2 Minerais E Fertilizantes Ltda and Neofertil Mineração Ltda. on Decemeber 1, 2025. Aankondiging • Oct 15
Power Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Power Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Aankondiging • Oct 08
Power Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4.1 million. Power Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing Aankondiging • Sep 25
Power Minerals Limited, Annual General Meeting, Nov 28, 2025 Power Minerals Limited, Annual General Meeting, Nov 28, 2025. Aankondiging • Jul 22
Power Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.599998 million. Power Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.599998 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,257,705
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,742,258
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • May 01
Power Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.4735 million. Power Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.4735 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,284,615
Price\Range: AUD 0.065
Transaction Features: Subsequent Direct Listing Aankondiging • Apr 29
Power Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.3 million. Power Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,660,000
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,006,667
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Transaction Features: Subsequent Direct Listing Aankondiging • Apr 16
Power Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4735 million. Power Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4735 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,284,615
Price\Range: AUD 0.065
Transaction Features: Subsequent Direct Listing Aankondiging • Oct 22
Power Minerals Limited Announces Change of Company Secretary Power Minerals Limited advised it has appointed David McEntaggart as Company Secretary following the resignation of Jay Stephenson. Mr. McEntaggart is a Chartered Accountant and member of the Governance Institute of Australia (Chartered Secretary), with more than 15 years' experience in the resources sector and accounting profession. He provides services to several ASX-listed companies, specialising in corporate compliance and financial accounting. Aankondiging • Oct 14
Power Minerals Limited, Annual General Meeting, Nov 29, 2024 Power Minerals Limited, Annual General Meeting, Nov 29, 2024. Reported Earnings • Oct 01
Full year 2024 earnings released: AU$0.044 loss per share (vs AU$0.044 loss in FY 2023) Full year 2024 results: AU$0.044 loss per share (in line with FY 2023). Net loss: AU$3.72m (loss widened 20% from FY 2023). New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m (AU$220k revenue, or US$144k). Market cap is less than US$10m (€5.92m market cap, or US$6.46m). Aankondiging • Jul 09
Power Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.4 million. Power Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,142,858
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Jun 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 71% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Revenue is less than US$1m (AU$220k revenue, or US$145k). Minor Risk Market cap is less than US$100m (€10.9m market cap, or US$11.8m). Aankondiging • May 18
Power Minerals Limited announced that it expects to receive $1 million in funding Power Minerals Limited announced that it has entered into a Convertible Loan Agreement with LS, REP and LE which provides for an initial investment into company for the gross proceeds of $1,000,000 on May 17, 2024. The loan will be provided in 2 tranches; $500,000 following execution of the CLA and provision of assurances by Power regarding the good standing of the Rincon Project and confirmation of its financial status and $500,000 on finalizing a formal joint venture agreement. The loan will be converted into shares if ODI approval is denied or has not been granted by 31 October 2024 and is repayable within 60 days of receipt of a written demand, repayable on or before the maturity date which is 7 months from the effective date of 11 May 2024. Aankondiging • Apr 10
Power Minerals Limited, Annual General Meeting, May 17, 2024 Power Minerals Limited, Annual General Meeting, May 17, 2024. Aankondiging • Apr 05
Power Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.782051 million. Power Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.782051 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,228,936
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 357,143
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 20
First half 2024 earnings released: AU$0.031 loss per share (vs AU$0.012 loss in 1H 2023) First half 2024 results: AU$0.031 loss per share (further deteriorated from AU$0.012 loss in 1H 2023). Net loss: AU$2.49m (loss widened 209% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 17% per year. Aankondiging • Jan 25
Power Minerals Limited announced that it has received AUD 1 million in funding Power Minerals Limited announced that it has received AUD 1,000,000 unsecured loan in funding facility from the company’s managing director Mena Habib on January 25, 2024. The term of the loan is for six months from the date of inception and repayment of the loan in full will be due at this time. Interest is payable to the funding provider at the rate of 5% per annum, and will be capitalized and payable at the end of the loan term. New Risk • Jan 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.99m (US$9.80m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 6.6% per year over the past 5 years. Revenue is less than US$1m (AU$98k revenue, or US$65k). Market cap is less than US$10m (€8.99m market cap, or US$9.80m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Board Change • Dec 29
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director James Moses is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Oct 18
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director James Moses is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Aankondiging • Oct 05
Power Minerals Limited, Annual General Meeting, Nov 30, 2023 Power Minerals Limited, Annual General Meeting, Nov 30, 2023. Aankondiging • May 17
Power Minerals Limited (ASX:PNN) entered into Letter of Intent to acquire Ultra Argentina and Ultra Minerals from Ultra Lithium Inc. (TSXV:ULT). Power Minerals Limited (ASX:PNN) entered into Letter of Intent to acquire Ultra Argentina and Ultra Minerals from Ultra Lithium Inc. (TSXV:ULT) on May 16, 2023. A first tranche of 25 million shares are to be issued once relevant regulatory and shareholder approvals are received by both Power and Ultra Lithium.Upon completion of the due diligence and finalisation of the Acquisition Agreement, Power and Ultra Lithium will undertake general meetings with respective shareholders to seek final approval of the Acquisition Agreement. Ultra Lithium will also seek approval from TSX-V for a convertible note that will be provided by Power to Ultra Lithium. Reported Earnings • Mar 11
First half 2023 earnings released: AU$0.012 loss per share (vs AU$0.016 loss in 1H 2022) First half 2023 results: AU$0.012 loss per share. Net loss: AU$806.0k (loss widened 6.7% from 1H 2022). Board Change • Mar 09
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director James Moses is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Aankondiging • Feb 15
Power Minerals Limited Announces Mineral Resource Definition Drilling Program at the Salta Lithium-Brine Project Power Minerals Limited announced that it has intersected an interval of approximately 300 metres with potential to host lithium in brines in its Mineral Resource definition drilling program at the Salta Lithium-Brine Project, in the Salta province in the lithium triangle of north-west Argentina. The second drillhole at the Incahuasi salar (PM22-IN-02) was successfully completed to a depth of 320.5 metres, and visual drill core logging show similar and consistent lithologies to the first drillhole. Initial assay results from nine packer brine samples taken from selected intervals between 28m to 310m depth in drillhole PM22-IN- 02 contained 205-227 ppm Li (averaging 210 ppm Li). In addition, PM22-IN-02 delivered a static brine flow of 2,500 litres/hour (0.7 litres/second) in a 5 ½ inch diameter hole, from airlift tests at a depth of 55m. This is a positive result and indicates that the aquifer has suitable drainable porosity for brine extraction from a larger diameter production well. PM22-IN-02 intersected an aggregate interval of up to approximately 300 metres, which has the potential to host lithium in brines. Brine samples and core from PM22-IN-02 have been sent for laboratory analysis to determine detailed brine chemistry and density, drainable porosity, and lithium grades. Results will be reported as received. The positive assay results from PM22-IN-02, follows results of packer brine samples from the first hole at Incahuasi (PM22-IN-01) which returned lithium grades averaging 195 ppm Li (equiv. mg/L, milligrams per litre) over a 276-metre interval. Incahuasi drilling expanded for up to 3 additional drillholes: Based on the positive outcomes from the two completed Mineral Resource definition drillholes at Incahausi, Power has now expanded its drilling program at this salar with up to three additional drillholes. These holes are designed to maximise the lithium brine Mineral Resource potential of Incahuasi and also to test for the presence of water, a key requisite input for a potential, future direct lithium extraction (DLE) operation at Incahuasi. The first additional hole (PM23-IN-03) has already commenced.