Australia's Pantera Minerals jumps on lithium project acquisition in US

Pantera Minerals

26/09/2023 02:26

** Shares of Pantera Minerals  PFE.AX  rise as much as 11.5%
to A$0.058, set for best day since Aug 24, if gains hold  
    ** The mineral explorer says it has secured a 35% interest
in the Superbird Project in the U.S. via a A$2 mln ($1.28 mln)
convertible note facility into Daytona Lithium Pty Ltd
    ** The acquisition of additional acreage has increased the
Superbird lithium brine project by 58% - co 
    ** Stock hits highest level since Sept 5
    ** Stock set for second consecutive session of gains, if
trend holds
    ** PFE stock down 52.7% YTD, as of last close

    ($1 = 1.5581 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))