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Pantera Minerals Ltd. ( (AU:PFE) ) has issued an announcement.
Pantera Lithium Limited has announced a significant uplift in the valuation of its strategic holding in Energy Exploration Technologies Inc. (EnergyX), as the latter increased its capital raise offer price from US$10.00 to US$11.00 per share. This 15.8% increase is attributed to a recovery in global lithium prices and increased U.S. investor interest in lithium and critical minerals. The engagement of Goldman Sachs as a financial advisor and a US$690 million letter of interest from the U.S. EXIM Bank for EnergyX’s Black Giant Project further bolster EnergyX’s market position. Pantera’s 2.34 million shares in EnergyX, initially acquired at US$9.50, are now valued at approximately A$39.5 million, marking an uplift of around A$5.4 million. This development underscores the growing confidence in the U.S. critical minerals sector and adds value for Pantera’s shareholders.
More about Pantera Minerals Ltd.
Pantera Lithium Limited (ASX: PFE) is a mineral exploration and development company focused on advancing projects in critical minerals across the United States, with a particular emphasis on projects located in Southwest Arkansas.
Average Trading Volume: 2,967,975
Technical Sentiment Signal: Buy
Learn more about PFE stock on TipRanks’ Stock Analysis page.