Power Minerals

What Power Minerals does

Power Minerals Limited is an Australia-based, publicly listed exploration and development company focused on critical minerals for the clean energy, electric vehicle, and defense supply chains. Its portfolio spans five lithium brine salars in Argentina's Salta Province within the Lithium Triangle (under joint venture discussion with Summit Explore Corporation), the Morro de Ferro rare earth project in Poços de Caldas, Brazil (acquired April 2026 with R$80 million committed), early-stage carbonatite and niobium projects in Brazil developed with Core Energy Minerals, a lithium/rubidium/cesium interest in Namibia via Lepidico, and a gallium extraction strategy in development with Gega. The company also operates a UK-based legacy ash processing line at Drax Power Station, where Hargreaves Services has been contracted to build a benefication plant processing 400,000 tonnes into supplementary cementitious material.

The business model is asset-development-led rather than production-led: Power Minerals generates optionality through earn-in joint ventures where partners fund exploration and feasibility work in exchange for project equity (e.g., Summit Explore can earn 59% of Salta Lithium by funding up to US$6 million of work and delivering a PFS), supplemented by direct strategic offtake agreements with government and corporate buyers of critical minerals. The company commenced trading on the US OTCQB market in December 2025, indicating a deliberate push toward US institutional capital and US government offtake counterparties. Customers are concentrated among a small number of strategic and governmental counterparties, and revenue is not yet disclosed. Core technology is geological and extractive rather than computational, with no AI/ML components identified.

Name

Power Minerals

Legal name

Power Minerals Limited

Website

https://powerminerals.co.uk

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Power Minerals Limited is an Australia-listed critical minerals exploration and development company advancing lithium projects in Argentina, rare earth and niobium projects in Brazil, and specialty metals in Namibia, targeting EV battery and defense supply chains via earn-in joint ventures and US offtake counterparties.

Ownership category

akta.pro rank

Product category

Construction Materials

NAICS

Ground or Treated Mineral and Earth Manufacturing (327992), All Other Nonmetallic Mineral Product Manufacturing (32799)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090), Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

akta.pro secondary industries

Critical Minerals Recycling & Urban Mining (Li, Ni, Co, Graphite, REE) (IMAKAFAK), Battery Materials Refining & Re-Manufacturing Feedstocks (Li, Ni, Co, Mn, Graphite Salts) (EUAIAIAJ)

Keywords

• Fly ash supply
• Supplementary cementitious materials
• Power station byproducts
• Industrial ash processing
• Construction materials

Headquarters

HQ city

Selby

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel

Revenue model

1. Rare Earth Production and Sales: Extraction and sale of rare earth minerals from the Morro de Ferro project in Brazil, with R$80 million committed investment for development.
2. Lithium Project Development and Earn-in: Joint venture structures where partners earn project interest by funding development work. Summit Explore can earn 59% interest by funding up to US$6 million and delivering a PFS, with option to acquire outright for US$50 million.
3. Mineral Processing Services: Processing of legacy ash (400,000 tonnes) into supplementary cementitious material through the Drax benefication plant partnership with Hargreaves Services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Power Minerals is an independent supplier of Power Station Ash products, processing legacy ash (approximately 400,000 tonnes) into supplementary cementitious material at the Drax Power Station through a benefication plant partnership with Hargreaves Services. The company supplies ash-derived materials to the construction and cement industry for use in low-carbon concrete applications.

Product overview

Power Minerals Limited is an Australia-based exploration and development company operating a diversified portfolio of critical mineral projects. The company focuses on lithium development in Argentina (Salta Lithium Project), rare earth extraction in Brazil (Morro de Ferro), niobium exploration in Brazil, and various mineral projects in Australia. Additional initiatives include legacy ash processing in the UK and gallium extraction strategy development. The company commenced trading on the US OTCQB market in December 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Station Ash Supply

Quantifiable outcome

• R$80 million investment commitment for rare earth project development
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Summit Explore CorporationcoreStrategic or Co-development Partner · 23 March 2026Summit Explore (wholly owned subsidiary of Summit Nanotech Corporation) executed a non-binding term sheet with Power Minerals for development of the Salta Lithium Project in Argentina. Summit Explore can earn 59% interest by funding up to US$6 million in first-year development work and delivering a Preliminary Feasibility Study, with option to acquire project outright for US$50 million. Binding Definitive Agreement negotiations within 90 days subject to board and regulatory approvals.
• Core Energy MineralsminorStrategic or Co-development Partner · 13 December 2025Power Minerals and Core Energy Minerals completed or signed binding agreements for early-stage carbonatite projects in Brazil, advancing rare earth exploration initiatives.
• Hargreaves ServicescoreImplementation/ SI/ Consulting Partner · 5 December 2025Hargreaves Services contracted by Power Minerals to build a benefication plant at Drax Power Station to process 400,000 tonnes of legacy ash into supplementary cementitious material. This contract contributed to Hargreaves raising market expectations for FY2027 by 4%, targeting revenue of £296.6m.
• Balfour BeattyminorChannel Partner/ Reseller/ DistributorBalfour Beatty appointed Hargreaves Services for enabling earthworks at Lower Thames Crossing; Power Minerals benefitting indirectly through Hargreaves' services relationship.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Lithium Argentina: Directly comparable lithium brine developer operating in the same Argentine Lithium Triangle, with the Cauchari-Olaroz and Pastos Grandes projects. Closest geographic and asset-class peer to Power Minerals' Salta Lithium Project.
• Sigma Lithium: Brazil-focused hard-rock lithium producer and developer with similar critical minerals exposure in the same country as Power Minerals' Brazilian niobium and rare earth assets. Comparable scale, jurisdiction, and battery materials focus.
• Serra Verde: Brazilian rare earth developer with a Pela Ema project offering 100% Phase 1 production contracted to US government entities. Operates an analogous offtake-plus-Western-supply model to Power Minerals' Morro de Ferro strategy.

Broad incumbents

• Pilbara Minerals: Established Australian-listed lithium producer operating the Pilgangoora hard-rock lithium mine. Provides a benchmark for what a producing-stage critical minerals platform in the ASX ecosystem looks like at scale.
• Lynas Rare Earths: Largest non-Chinese rare earth producer with the Mt Weld mine in Australia and Kalgoorlie processing facility. Sets the operational benchmark for the rare earth side of Power Minerals' portfolio.
• Albemarle Corporation: Global lithium and bromine major with extensive brine operations in the Lithium Triangle. Represents the scaled incumbent whose offtake relationships and customer entrenchment Power Minerals must eventually compete against.

Emerging players

• MP Materials: US rare earth producer operating Mountain Pass mine with strong US government and OEM offtake backing. Comparable rare-earth-to-Western-supply-chain business model and US capital markets positioning.
• Vulcan Energy Resources: Lithium developer combining geothermal energy with lithium brine extraction in the Upper Rhine Valley. Shares Power Minerals' project-development, JV-financing, and battery materials supply model.
• Ioneer: US-listed lithium-boron developer at Rhyolite Ridge with a binding offtake agreement with Ford. Closely analogous early-stage critical minerals development and strategic offtake dynamics to Power Minerals' emerging partnerships.
• Core Lithium: Australian-listed lithium producer that brought the Finniss project into production. Provides a useful template for the ASX-listed lithium developer pathway Power Minerals could follow as it progresses the Salta Project.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Power_Minerals

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Power Minerals