Power Minerals Limited has announced that it will move forward with acquiring the Santa Anna Niobium-REE-Gallium Project located in Goiás State, Brazil after successfully completing an extensive due diligence process. The project, discovered in 2021 and covering a 5.8km² Alkaline Complex, presents a significant exploration opportunity with nearly 90% of its surface area yet to be tested. The company’s maiden and Phase 2 drilling programs have yielded several promising intersections, including wide zones of niobium and high-grade rare earth oxides (TREO). Notable results include intercepts such as 129 meters at 1,729ppm Nb2O5 and 51 meters at 10,262ppm TREO, with high-grade pockets reaching up to 10,117ppm Nb2O5 and 32,297ppm TREO in various drillholes. The acquisition is designed to enhance Power Minerals Limited’s portfolio of critical minerals, cementing its focus as a South American clean energy metals explorer and developer. The due diligence drilling has not only confirmed mineralisation at both surface and depth but also validated the company’s exploration model for this large district-scale, carbonatite-hosted opportunity. With Phase 2 drilling underway to extend the project’s mineralised footprint and well-established local infrastructure with accessible roads and power on cleared land, the company is well positioned to accelerate exploration and development. The finalisation of the acquisition is contingent on entering a definitive acquisition agreement with project vendor EDEM, an experienced Brazilian miner, and is expected to be completed within the month. Funding for the acquisition will come from Power Minerals Limited’s existing cash reserves, with a milestone payment scheduled to be due in 24 months. Market reaction to this development could be viewed from two perspectives. On the bullish side, the successful due diligence and robust drilling results enhance the company’s exposure to strategic critical minerals used in clean energy and technology sectors. The large unexplored area provides significant upside potential, while the acquisition further diversifies the company’s asset base beyond its existing ventures in Argentina and Australia. The backing by strong cash reserves and local partnership with EDEM further add to the positive outlook, potentially making this a company-changing asset for Power Minerals Limited. Conversely, some investors might adopt a bearish view given the inherent risks of early-stage exploration projects. The finalisation of the definitive acquisition agreement remains a pending condition, and future drilling results will be crucial to confirm the extent and economic viability of the mineralisation. Additionally, market volatility in the prices of niobium, rare earth elements, and gallium, along with the challenges in scaling up exploration results to fully defined mineral reserves, could introduce uncertainty regarding near-term returns. Thus, while the technical indicators and strategic positioning are encouraging, cautious investors may wait for further confirmation from upcoming exploration milestones.