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Pantera Minerals Limited (ASX:PFE)

ALERT: Price-sensitive ASX Announcement for PFE
Current share price for PFE : $0.015 -0.014 (-48.28%)+
Announcement
Release
27 Oct 2025 3:29PM
Price at Release
$0.029
Full Release
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Summary
Pantera Lithium Limited announced the completion of a significant transaction involving the sale of its Smackover Project to Energy Exploration Technologies Inc. for a total consideration of A$40 million. This includes A$6 million in cash and A$34 million in EnergyX stock, aimed at providing long-term exposure to EnergyX's lithium projects. During the reporting period ending on 30 September 2025, Pantera reported a net cash outflow from operating activities of A$374,000 and had cash reserves of A$413,000 at the end of the quarter. The company highlighted its strategic focus on U.S. critical mineral opportunities, particularly in lithium, antimony, copper, silver, and rare earths. The transaction with EnergyX was approved overwhelmingly by shareholders, and Pantera aims to diversify its portfolio and enhance shareholder value through strategic resources.
Key Points
  • Completion of Smackover Project sale for A$40 million
  • A$6 million cash and A$34 million in EnergyX stock received
  • Net cash outflow from operating activities of A$374,000
  • Quarter-end cash reserves of A$413,000
  • Strategic focus on U.S. critical mineral opportunities
  • Shareholders approved the transaction with EnergyX
  • Diversification and value enhancement through strategic resources
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.