Pantera Minerals Limited (PFE), a key player in the exploration and development of lithium resources, is poised to capitalise on the growing demand for lithium in the United States.
The surge in demand, driven by the increasing adoption of electric vehicles (EVs) and renewable energy storage solutions, presents a significant opportunity for Pantera.
A recent article by Fastmarkets highlighted the critical role of lithium in the green energy revolution.
As the US transitions to a cleaner energy future, lithium-ion batteries are becoming essential for powering EVs, grid-scale energy storage systems, and other applications.
Fastmarkets forecasts a substantial growth in US lithium demand, projecting an increase of 487 per cent to nearly 412,000 tonnes of lithium carbonate equivalent by 2030.
Pantera is well aware of this market opportunity and is committed to leveraging its expertise and resources to meet the growing demand for lithium.
The company is strategically focused on exploration and development, aiming to contribute to the sustainable transition to renewable energy sources.
Located in the heart of America’s new lithium super-highway, Pantera’s Smackover Lithium Brine Project in Southwest Arkansas is a focal point for the company’s exploration efforts.
The project, situated close to major industry players such as Exxon Mobil, Standard Lithium, and Albemarle Corporation, positions Pantera advantageously in the supply chain for the North American Lithium Industry.
Pantera has significantly expanded its landholding in the region, increasing it by 219 per cent to 17,000 acres, with negotiations underway for an additional 9,400 acres.
This expansion underscores the company’s commitment to securing a leading position in the US lithium market.
The Pantera Lithium Brine Project boasts a material exploration target of 436,000 to 2,966,000 tonnes of contained Lithium Carbonate Equivalent (LCE), highlighting its potential for world-class scale.
A drilling program scheduled for Q2 2024 aims to validate this exploration target and pave the way for the generation of a maiden JORC resource.
The recent 100 per cent acquisition of the Daytona Lithium Arkansas Smackover Project further strengthens Pantera’s strategic position.
With a board comprising seasoned industry experts, including Barnaby Egerton-Warburton and Tim Goldsmith, Pantera is well-positioned for significant growth and success in the US lithium market.
Pantera Minerals Limited CEO Barnaby Egerton-Warburton said: “We are excited about the rapid progress we’ve made at our Smackover Li Brine project.
“The next six to eight months will deliver significant positive news flow, marking a pivotal period for our company as we advance towards our goal of establishing a robust lithium resource.”
Pantera’s Superbird Lithium Project — located in the renowned high-grade brine formation of the Smackover Formation in South-West Arkansas — is poised to play a crucial role in meeting the increasing demand for lithium in the US.
