Pantera Lithium (ASX:PFE) reports Energy Exploration Technologies (EnergyX) has increased the offer price for its current Regulation A capital raise from US$10 to US$11 per share reflecting stronger market confidence in the company and its growth outlook.
The price uplift follows a sustained recovery in global lithium prices throughout 2025, renewed US investor appetite for domestic lithium and critical mineral assets, and continued operational progress across EnergyX’s project portfolio.
Pantera CEO Barnaby Egerton-Warburton says the uplift in EnergyX’s raise price confirms what the market is recognising – “a clear rebound in lithium sentiment and renewed confidence in the US critical minerals sector”.
“Our early partnership with EnergyX continues to add value for Pantera shareholders as the EnergyX platform matures,” the CEO says.
The company recently also engaged Goldman Sachs as financial advisor for partnerships and capital markets initiatives, while the US Export–Import Bank (EXIM) issued a US$690 million letter of interest to support project financing for EnergyX’s Black Giant Project in Chile, marking a significant endorsement of its strategic trajectory.
Ongoing demand growth and temporary production curtailments in China have seen lithium prices improve in the September quarter.
Spodumene concentrate prices rose from just over US$600 a tonne in June, reaching US$1,000 tonne in late August, before easing to around US$820 a tonne in the second half of September.
According to the Department of Industry, Science and Resources (DISR) September 2025 Resources and Energy Quarterly, the price recovery, however, is under threat from reported reopening of a higher cost lepidolite operation in China on 10 September 2025.
Lithium hydroxide prices have seen a recovery of almost 20% over the same period, rising from about US$7,550 a tonne to around US$9,000 a tonne in September. DISR reports the rise follows a strong recovery in spodumene prices – the primary feedstock for these operations refineries – with refiners also starting to draw down on their accumulated inventories.
By 2027, spodumene is expected to rise to an annual average price of around US$925 a tonne, while lithium hydroxide should average about US$13,250 a tonne.
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