Power Minerals Limited announced a private placement that it has issued 6,500,000 common shares at an issue price of $0.40 per share for the gross proceeds of $2.6 million on August 31, 2023. The transaction included participation from new investor, Fuyang Mingjin New Energy Development Co., Ltd on August 31, 2023. Fuyang Mingjin New Energy Development Co., Ltd is now a part of company?s share register, holding 8.45% in the issued equity capital of the company.