Power Minerals Secures A$5M Investment from Critical Metals Corp
Key points
- Critical Metals Corp to invest A$5M in Power Minerals
- Investment to fund exploration at Morro do Ferro rare earth project
- Critical Metals Corp to become an ~8% shareholder in Power Minerals
Full summary
Power Minerals Limited (ASX: PNN) has announced a strategic A$5 million investment from Critical Metals Corp (Nasdaq: CRML), via its subsidiary European Lithium Limited (ASX: EUR). This investment will fund exploration at Power Minerals' high-grade Morro do Ferro rare earth project in Brazil. Upon completion, CRML will hold approximately 8% of Power Minerals, providing strategic exposure to the project and enhancing Power Minerals' access to international funding and development opportunities.
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