Pantera Minerals' latest acquisition and project progress

Pantera Minerals Limited (ASX: $PFE) has successfully acquired additional leases, including a 26% increase in new acres within the lithium target area, solidifying its position in the Arkansas Smackover Lithium Brine play. With the total net leased acreage now exceeding 17,000 acres, the company is rapidly approaching the milestone of 20,000 leased acres, paving the way for initiating the unitisation process.

Chairman's perspective on the strategic expansion

Chairman Barnaby Egerton-Warburton expressed, 'The signing of this additional lease positions covering 3,553 net acres from major mineral owners in the heart of our target area increasingly solidifies Pantera's footprint in the Smackover Lithium Brine play. With significant additional acres currently under negotiation and strategic high value mineral leases being secured weekly, the project is rapidly advancing towards its initial goal of securing 20,000 acres, a crucial milestone that will enable the commencement of the unitisation process'.

Outlook for Pantera Minerals and the Superbird Project

Pantera Minerals' strategic expansion and the increasing acreage position within the Superbird Project demonstrate the company's commitment to establishing a scalable and sustainable lithium brine project. With negotiations underway for significant project growth through the acquisition of additional acreage, the company is poised for further development. The proximity to industry leaders like Exxon Mobil and Standard Lithium, along with the potential world-class scale of the project, positions Pantera for a promising outlook in the Arkansas lithium brine play. The company's ambitions to participate in a foundational industry in Arkansas and the potential production targets indicate a positive trajectory for Pantera Minerals.