** Power Minerals PNN.AX soars as much as 29.2% to A$0.155, highest since October 24
** Lithium explorer signs binding letter of intent (LOI) with private explorer Mineração Terras Raras
** LOI for acquisition of high-grade Morro Do Ferro Rare Earth Elements Project in Brazil
** More than 10 million shares traded, 5.8x the 30-day avg
** YTD, PNN gains 48.8%
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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