Strategic $1.7M secured from resources investment fund
Filed with ASX · · 3 pages · English
Summary by 6ix AI
The funds will be used to advance the Morro do Ferro REE Project in Brazil, where diamond drilling is currently underway. The agreement includes the issuance of new shares and options to the investor, further enhancing Power's capital position.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Power Minerals
- Drilling commences Morro do Ferro REE project, Brazil
- Diamond drilling to commence at Morro do Ferro REE project
- Sampling program delivers extremely high-grade REE results
- High grade Morro do Ferro REE project acquisition complete
- Due diligence successfully completed at Morro do Ferro
Later from Power Minerals
- MDF advancing to premium magnet rare earth development
- Maiden Drilling Program Progressing at MDF REE Project
- Trading Halt
- Quarterly Activities Report & Appendix 5B
- Exceptional high-grade results from maiden drilling at MDF
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