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Pantera Minerals Ltd. ( (AU:PFE) ) has provided an update.
Pantera Minerals Ltd. has announced the sale of its Smackover Project to Energy Exploration Technologies Inc. for A$40 million, a move that strengthens its financial position and provides equity exposure to EnergyX’s advanced lithium technology and assets. The transaction, expected to close by October 2025, will enhance Pantera’s operational flexibility and strategic alignment in the critical minerals sector. Additionally, recent legislative and regulatory developments in Arkansas, including Senate Bill 568 and a new royalty framework, offer significant fiscal and economic incentives for lithium development, positioning Pantera competitively alongside major industry players.
More about Pantera Minerals Ltd.
Pantera Minerals Ltd. operates in the lithium industry, focusing on the development and sale of lithium resources. The company is involved in projects such as the Smackover Lithium Brine Project and aims to capitalize on strategic opportunities in the lithium market, particularly within the Americas.
Average Trading Volume: 3,494,868
Technical Sentiment Signal: Buy
Learn more about PFE stock on TipRanks’ Stock Analysis page.