- Power Minerals (PNN) begins the week in a trading halt pending the release of a capital raising announcement
- The company will remain in the halt until Wednesday, September 14, or when the announcement is released, whichever occurs first
- Power Minerals will soon begin a resource definition drilling program at the Salta lithium-brine project in Argentina
- The program is designed to deliver a maiden resource at the Incahuasi and Pocitos salars, and expand the existing resource at the Rincon salar
- Shares in Power Minerals last traded at 65.5 cents on September 9
Power Minerals (PNN) has begun the week in a trading halt pending the release of a capital raising announcement.
The company will remain in the halt until Wednesday, September 14, or when the announcement is released, whichever occurs first.
Power Minerals is yet to disclose how much it intends to raise or what it will use the funds for once received.
Earlier in the month, Power Minerals announced its resource definition drilling program at the Salta lithium-brine project in Argentina was set to begin shortly.
Drilling will begin at the Incahuasi salar before moving to the Pocitos and Rincon salars.
The program is designed to deliver a maiden resource at Incahuasi and Pocitos, and to expand the existing resource at Rincon.
An announcement will be released when the drilling has begun.
Shares in Power Minerals last traded at 65.5 cents on September 9. The company has a $40.32 million market cap.