Pantera Minerals strengthens leadership team with lithium industry veterans

Pantera Minerals Limited (ASX: $PFE) has announced the appointment of Mr. Barnaby Egerton-Warburton as Executive Chairman and Chief Executive Officer (CEO) and Mr. Tim Goldsmith as Non-Executive Director. The changes bring decades of lithium expertise to the company, as it aims to unlock vast resources of North American lithium through environmentally friendly operations.

Executive commentary on board changes and strategic direction

These management changes reflect mine and Tim's deeply held belief that the Arkansas Smackover is one of the best regions globally for lithium brine production. In the near-term we look forward to kicking off the exploration side of our project with the imminent aim of generating a JORC resource. I would like to thank outgoing Non-Executive Directors Emmanuel Correia and John Hebenton for their contributions since the Company IPO'd in mid-2021. I would also like to draw attention to outgoing CEO Matt Hansen who has worked tirelessly over the last twelve months to see the Daytona Transaction through to completion and welcome him to the board as Non-Executive Director.

Summary of Pantera Minerals' strategic direction and outlook

Pantera Minerals has strengthened its leadership team by appointing industry veterans with extensive lithium brine experience. The company aims to unlock vast resources of North American lithium through an environmentally friendly approach, utilizing Direct Lithium Extraction (DLE) technology to separate lithium from saltwater. The strategic board changes align with the company's maiden well re-entry, expected to commence in H2 2023, and its ambition to become the first zero-carbon producer of lithium in SW Arkansas. Pantera's SW Arkansas Project is expected to contribute to the US's energy security, support local jobs and manufacturing in Arkansas, and advance U.S. climate policy objectives. With a compelling entry-point into one of the most prospective lithium-brine regions globally, Pantera Minerals is poised to make significant contributions to the lithium industry and the US energy landscape.