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Pantera Minerals Ltd. ( (AU:PFE) ) has issued an announcement.
Pantera Lithium Ltd has welcomed the Arkansas Oil & Gas Commission’s decision to approve a 2.5% lithium royalty for brine-based lithium projects, including its Smackover Project. This decision is seen as a significant de-risking event, providing fiscal clarity and strengthening Pantera’s position in negotiations with partners and investors. The competitive royalty rate, coupled with a six-year severance tax exemption, enhances the project’s economic potential and positions Arkansas as a favorable jurisdiction for lithium development.
More about Pantera Minerals Ltd.
Pantera Lithium Ltd is a company operating in the lithium industry, focusing on the development of brine-based lithium projects. Its primary market focus is on the Smackover Formation, where it seeks to leverage favorable regulatory frameworks to enhance project economics and secure investment.
Average Trading Volume: 425,085
Technical Sentiment Signal: Sell
See more data about PFE stock on TipRanks’ Stock Analysis page.
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