HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 9.Jul.2025, Words: 438) — Energy Exploration Technologies, Inc. (EnergyX) entered into a binding conditional agreement to acquire Daytona Lithium Pty Ltd, a wholly owned subsidiary of Pantera Lithium Limited for A$40mn.
Under the terms of the binding conditional agreement executed on 4 Jul. 2025, EnergyX will acquire 100% of the issued shares of Daytona Lithium for a total consideration of A$40mn, comprising of: A$6mn in cash, payable in 3 installments; and A$34mn in EnergyX common stock, priced at USD $9.50 per share (equivalent to A$14.50 as of 4 Jul. 2025), representing 2,344,828 shares to be issued to Pantera.
