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Pantera Minerals Ltd. ( (AU:PFE) ) has issued an update.
Pantera Lithium Limited has completed a significant transaction by selling its Smackover Project in Arkansas to Energy Exploration Technologies Inc. for A$40 million. This deal, which includes cash and stock components, enhances Pantera’s financial position and allows it to maintain exposure to EnergyX’s lithium projects and technologies. The transaction has been strongly supported by shareholders and positions Pantera to pursue further opportunities in the U.S. critical minerals sector, aligning with its strategic goals and potentially driving sustained growth.
More about Pantera Minerals Ltd.
Pantera Lithium Limited is a company focused on the critical minerals industry, primarily dealing with lithium, antimony, copper, silver, and rare earths. The company is strategically positioned in the U.S. market, aiming to capitalize on the growing demand for these minerals, which are essential for the energy transition supply chain.
Average Trading Volume: 2,431,194
Technical Sentiment Signal: Buy
For detailed information about PFE stock, go to TipRanks’ Stock Analysis page.