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Pantera Minerals Ltd. ( (AU:PFE) ) has issued an update.
Pantera Minerals Ltd. has entered into a binding agreement to sell its Smackover lithium brine project in Arkansas to Energy Exploration Technologies Inc. for A$40 million. The transaction includes A$6 million in cash and A$34 million in EnergyX stock, allowing Pantera to maintain exposure to the lithium market while enhancing its ability to pursue other ventures. This strategic move underscores Pantera’s capability in asset positioning and provides shareholders with access to EnergyX’s advanced lithium technology and significant lithium assets in the Americas.
More about Pantera Minerals Ltd.
Pantera Minerals Ltd. is a company engaged in the mineral and critical mineral sectors, focusing on maximizing shareholder value through strategic asset positioning. It operates in the lithium industry and has interests in lithium mineral leases.
Average Trading Volume: 611,389
Technical Sentiment Signal: Sell
See more insights into PFE stock on TipRanks’ Stock Analysis page.