** Shares of Power Minerals rise as much as 26.4% to A$0.115, their highest level since July 23
** The mineral resources explorer executes a term sheet for an exclusive option to acquire the Tântalo Project in Paraiba state, Brazil
** Co says option to acquire the project is an opportunity to materially expand co's ground position in an emerging niobium exploration precinct in Brazil
** About 612,900 shares change hands by 0429 GMT, 3.3 times the 30-day average volume of shares
** Stock has fallen 56.7% this year, as of last close
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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