2 October 2025 – Sydney, Australia – Pantera Lithium Limited (ASX: PFE) (“Pantera” or the “Company”) today announced the completion of the sale of its Smackover Project (Daytona Lithium Pty Ltd and U.S. subsidiary Folsom Point Energy LLC) to Energy Exploration Technologies Inc. (EnergyX), in a transaction valued at approximately $40 million.
Transaction Highlights
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Pantera has received A$2 million in upfront cash and 2,344,828 common shares in EnergyX (valued at approximately A$34 million) at closing.
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The Company will also receive A$4 million in deferred cash payments over the next 18 months (A$2 million at 9 months, A$2 million at 18 months).
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The deal crystallises significant value for Pantera shareholders while providing ongoing equity exposure to EnergyX’s growth, including its flagship Project Lonestar™ lithium hydroxide facility in North America and the advanced Black Giant project in Chile.
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Pantera remains focused on expanding its U.S. critical minerals portfolio, with opportunities spanning lithium, antimony, copper, silver, and rare earths.
The transaction was approved by Pantera shareholders at the Company’s recent general meeting, with all conditions precedent now satisfied.
Strategic Positioning
With the sale completed, Pantera is well-capitalised to advance its U.S. critical minerals expansion strategy. The Company is currently assessing new projects in established U.S. jurisdictions with strong infrastructure and supportive regulatory frameworks.
The Board sees this strategy as complementary to the EnergyX transaction, positioning Pantera for long-term shareholder value creation through exposure to multiple high-demand, strategic resources.
Executive Chairman & CEO Comment
Barnaby Egerton-Warburton, Executive Chairman and CEO of Pantera, said:
“The completion of the Smackover sale represents a defining moment for Pantera, crystallising real value today while keeping our shareholders exposed to the development of globally significant lithium projects in the U.S. and Chile. With this transaction behind us, we have the balance sheet strength and strategic flexibility to pursue the next chapter of growth. The U.S. critical minerals sector is entering an exciting phase, and with our established presence in Arkansas and strong relationships on the ground, Pantera is exceptionally well positioned to capture opportunities that can deliver long-term value”.
About us:
About Pantera Lithium
Pantera Lithium Limited (ASX: PFE) is a forward-looking critical minerals exploration and development company focused on advancing projects in critical minerals across the United States with a particular focus on its projects located in Southwest Arkansas
Contact details:
JANE MORGAN
Investor Relations, Jane Morgan Management
+ 61 405 555 618