Pantera Minerals Limited announced a private placement of convertible note facility with Daytona Lithium Pty Ltd. for the gross proceeds of AUD 2 million on August 24, 2023. The note will be convertible into fully paid ordinary shares in Daytona at a conversion price of AUD 11,000 per share. Upon conversion of all the convertible notes, the company will hold approximately 35% of the issued share capital in Daytona, placing the current valuation of Daytona at AUD 3.69 million.