Power Minerals Limited

Power Minerals Limited (ASX:PNN)

Offer Price

A$0.0600

per share

Offer Size

A$1,000,000

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Placement

Power Minerals Limited (ASX:PNN)

PNN

Lead Manager

Offer Price

A$0.0600

per share

Offer Size

A$1,000,000

Placement

Power Minerals Limited

Offer Details

Issue Price (Per Share)

A$0.0600

Discount

16.67%

Offer Size

A$1,000,000

Shares Available

16,666,666

Two Tranche Placement of ~16.66 million new fully paid ordinary shares in the Company at the Offer Price to raise gross proceeds of up to $1,000,000 with the ability to take up oversubscriptions at the company’s discretion.

New Shares issued in Tranche 1 (approximately $0.28M / 4.66M shares) will be issued pursuant to the Company’s existing placement capacity under ASX Listing Rule 7.1 and 7.1A (“Tranche 1”).

New Shares issued in Tranche 2 (approximately $0.72M / 12.00M shares) will be issued subject to shareholder approval, to be sought at a General Meeting to be convened on or around Early June 2025 (“Tranche 2”).

PNN will issue four (4) free attaching option for every five (5) New Shares issued pursuant to the Placement. The options will be exercisable at a A$0.10, each with an expiry date of 31st December 2029, and will be issued subject to shareholder approval (“Attaching Options”). Subject to meeting ASX listing requirements, the company will seek quotation of the options.

Managing Director, Mena Habib intends to participate $25,000 under the offer, subject to shareholder approval

Company Overview

Power Minerals Limited (ASX: PNN) is an Australian critical minerals exploration and development company focused on clean energy metals. With assets spanning Argentina, Brazil, and Australia, the Company is advancing high-impact projects in lithium, niobium, and rare earth elements (REEs). Power’s strategy is to unlock value across the battery and critical metals supply chain through disciplined exploration and resource delineation in tier-one jurisdictions.

Use of Funds

The funds raised will be focused towards:

Use of Funds

Application

1

Drill testing of Nb and REE targets at Santa Anna, Brazil

2

Subject to DD, proceeding with the acquisition of Santa Anna

3

General Working Capital

Indicative Timetable

The above below are indicative only and are subject to change without notice. The Company and Joint Lead Managers reserve the right to extend the Closing Date of the offer or close the capital raise early without notice. All times are in AEST (Sydney, Australia) unless stated otherwise.

PNN placed in Trading Halt

Thursday, April 24 2025

Placement Offer Opens

Thursday, April 24 2025

Placement Offer Closes

4pm AEST Monday, April 28 2025

Offer letters accepted

Monday, April 28 2025

PNN Recommences Trading

Tuesday, April 29 2025

DVP Settlement – Tranche 1

Tuesday, May 06 2025

Allotment of Shares – Tranche 1

Wednesday, May 07 2025

General Meeting

Approx Early June 2025

DVP Settlement – Tranche 2

Approx Late June 2025

Allotment of Shares – Tranche 2

Approx Late June 2025

Board & Management

Stephen Ross

Stephen Ross

Non-Executive Chairman

Stephen Ross is a geologist, independent consultant, and public company director that has been involved in the international minerals industry in technical, business development, and corporate positions for 30 years. Stephen has sourced significant investments for junior explorers and pre-development resource companies worldwide while holding managing director and technical positions when based in Central Asia, West Africa, and Sri Lanka. He is a member of the Australasian Institute of Mining and Metallurgy, a Fellow of the Financial Services Institute of Australasia, and a member of the Australian Institute of Company Directors. Stephen is also a non-executive director of Pinnacle Minerals Limited.

Mena Habib

Mena Habib

Managing Director

Mena Habib has extensive experience in management, and sales and marketing, having run multiple businesses with millions of dollars in turnover. Mr. Habib has a strong depth of experience in investment markets, with specific expertise in emerging companies in the mineral resources sector. He is currently an authorised representative of a Melbourne-based corporate advisory and capital funding company, and Non-Executive Director of Adelong Gold (ASX:ADG).

James Moses

James Moses

Non-Executive Director

James Moses has an extensive background in investment markets and the media in a career spanning 30 years. He is the founder and managing director of a leading Australian bespoke investor relations and corporate communications practice for public companies. Prior to this, he was Investor Relations Manager for a major national public relations firm. He has also previously worked as a business and finance journalist, and was editor of Australia’s leading resource sector investor publication.

His career began in the investment market, where he held a number business development roles with leading global fund managers over a period of 15 years, and was also a private client adviser for a high net worth investment advisory firm. James holds a Bachelor of Business and a Graduate Diploma in Communications-Journalism. He is also Non-Executive Chairman of Aruma Resources Ltd (ASX:AAJ).

Caue (Paul) Araujo

Caue (Paul) Araujo

Non-Executive Director

Caue “Paul” is a geologist and experienced natural resources professional, whose skills & experience encompass commercial leadership, geology and exploration, mining, finance & investment, strategy, market research, technical and economic modelling, project evaluations, M&A transactions and global strategic assessments across a range of commodities. He has been involved in mining operations, technical consulting, business development, executive and corporate positions for over 20 years.

Caue “Paul” has dual citizenship (Brazil/Australia) and speaks fluent English & Portuguese, with basic level of Spanish. He holds a Master of Business Administration (Finance) and is a member of the Australasian Institute of Mining & Metallurgy (MAusIMM) and the Australian Institute of Company Directors (MAICD).

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Power Minerals Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Power Minerals Limited.

Power Minerals Limited

Placement

Power Minerals Limited (ASX:PNN)

PNN

Offer Price

A$0.0600

per share

Offer Size

A$1,000,000

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