PANTERA LITHIUM
BRINE PROJECT

Pantera acquired in August 2023 a 35% interest in the Pantera Lithium Brine Project in the lithium-rich ‘Smackover Formation’, in Arkansas, USA, with an investment into Daytona Lithium
The projectconsists of 5,325 acres of brine leases, directly abutting Exxon’s Arkansas Lithium Brine project
The ‘Smackover Formation’ is considered to be one of the significant lithium regions globally, and is home to major brine plays including the nearby:
- Exxon (NYSE:XOM) Smackover Lithium Brine Project
- Standard Lithium (NYSE:SLI) Lanxess & South West Arkansas Project
- Albemarle Corporation (NYSE:ALB) Lithium-Bromine Brine Project
The 35% project interest was secured via a $2 million convertible note facility to project holder Daytona Lithium, with the funds to increase the project footprint

Project Footprint

Pantera are executing an aggressive brine leasing strategy, driven by their proprietary database, with proceeds from the convertible note be applied by Daytona towards their continued leasing strategy
The Project has entered into an exclusive agreement with a commercial leasing abstract company, the only such provider for the region, engaged to provide a further 50,000 acres of lease abstract. Understanding of the mineral ownership is the key element of obtaining lithium brine leases, and this arrangement allows Pantera to quickly make leasing offers to mineral owners– a key commercial advantage

Acquisition of additional acreage, Pantera will update shareholders regarding material increases in landholding.
Work underway to ascertain the possibility of generating a lithium Exploration Target from the advanced geological and petrophysical data that is available from historical oil and gas exploration and production previously conducted within the Daytona controlled leased acreage
Secure brine samples for further analysis and pilot plant Direct Lithium Extraction (DLE) testing