Power Minerals Signs MoU for Salta project, Argentina
- Power Minerals (PNN) enters a memorandum of understanding (MoU) with battery metals supply chain company Xiamen Xiangyu New Energy
- The companies will conduct due diligence on Power’s Salta lithium-brine project in Argentina with the goal of executing a binding offtake agreement, subject to certain conditions
- The companies may also pursue negotiations with the aim of executing a binding offtake, funding and logistics agreement
- PNN Executive Director Mena Habib says the MoU marks another “significant step forward” in developing the Salta project
- PNN shares are up 4.82 per cent to trade at 43.5 cents at 1:09 pm AEST
