Pantera Lithium Limited (ASX: PFE) has reported a substantial uplift in the valuation of its strategic stake in Energy Exploration Technologies Inc. (EnergyX), following an increase in EnergyX’s Reg A capital raise price from US$10.00 to US$11.00 per share. The 15.8% increase highlights a robust rebound in global lithium markets, growing interest from U.S. investors in key mineral resources, and steady advancements at EnergyX’s Texas Lithium Hydroxide Facility alongside its Direct Lithium Extraction (DLE) initiatives.
The company’s engagement of Goldman Sachs as financial advisor and the U.S. EXIM Bank’s US$690 million letter of interest for project financing at the Black Giant Project in Chile further bolster market confidence. Pantera holds 2.34 million EnergyX shares acquired at US$9.50, now valued at approximately AU$39.5 million, representing an uplift of about AU$5.4 million. With around AU$2 million in cash and fully funded exploration plans, Pantera is well-positioned for continued growth and shareholder value creation.
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EnergyX Valuation Boost Enhances Panteras Strategic Investment
Pantera Lithium Limited (ASX: PFE) has reported a substantial uplift in the valuation of its strategic stake in Energy Exploration Technologies Inc. (EnergyX), following an increase in EnergyX’s Reg A capital raise price from US$10.00 to US$11.00 per share. The 15.8% increase highlights a robust rebound in global lithium markets, growing interest from U.S. investors in key mineral resources, and steady advancements at EnergyX’s Texas Lithium Hydroxide Facility alongside its Direct Lithium Extraction (DLE) initiatives.
The company’s engagement of Goldman Sachs as financial advisor and the U.S. EXIM Bank’s US$690 million letter of interest for project financing at the Black Giant Project in Chile further bolster market confidence. Pantera holds 2.34 million EnergyX shares acquired at US$9.50, now valued at approximately AU$39.5 million, representing an uplift of about AU$5.4 million. With around AU$2 million in cash and fully funded exploration plans, Pantera is well-positioned for continued growth and shareholder value creation.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au