Oct. 18 at 12:38 AM
$PTMLF Pantera Minerals just picked up more lithium ground in the Smackover Basin, USA.
PFE has secured a 35% interest in the project which now covers ~9,440 acres - a 12% increase in the last 20 days.
For some context on the size of the acreage PFE has a 35% interest in:
--US
$435BN Exxon Mobil - paid US
$100M for Galvanic lithium which held ~120,000 acres in the Smackover Basin.
--US
$20BN capped Albemarle - The world’s biggest lithium producer by market cap and third biggest in terms of production capacity.
--US
$560M capped Standard Lithium - has projects with >180,000 acres and a lithium carbonate equivalent resource of ~4.2mt. Standard’s projects are at the pre-feasibility study stage showing an NPV of over US
$3.1BN.
--US
$823M capped Tetra Technologies - has an agreement with Exxon to develop 6,000 acres of brine land, and has previously sold leased land to Standard Lithium.
Shares Held: 2,410,000 Options Held: 227,500
