Pantera Silver Corp. Receives Final Approval for Acquisition of Rakanco Project
Introduction
Vancouver, British Columbia–(Newsfile Corp. – January 23, 2025) – Pantera Silver Corp. (TSXV: PNTR) (“Pantera” or the “Company”) is pleased to announce that, further to its January 21st, 2025 news release, it has received final approval from the TSX Venture Exchange (the “Exchange”) of its previously announced arm’s length acquisition (the “Acquisition”) of the exclusive right and option (the “Option) to acquire three (3) mineral claims consisting of 17,975 hectares, collectively known as the Rakanco Project (the “Project” or the “Rakanco Project”), located in the Mejillones and Sabaya Provinces, Oruro Department in southwest Bolivia.
About the Rakanco Project
The Rakanco Project consists of 17,975 hectares over three concessions (individually the Fahed, Rakan and Nada concessions) located in the Mejillones and Sabaya Provinces of Oruro Department, in the southwest of Bolivia.
This acquisition opens up new opportunities for Pantera Silver Corp. to explore and develop mineral resources in a region known for its rich mineral deposits. The Project is strategically located in an area with a history of successful mining operations, and Pantera is excited to commence exploration activities to unlock the potential of these mineral claims.
The Rakanco Project is expected to contribute to the Company’s growth strategy and strengthen its position in the global mining industry. With a focus on sustainable and responsible mining practices, Pantera aims to create long-term value for its shareholders while prioritizing environmental stewardship and community engagement.
Impact on Me
As an individual investor, the acquisition of the Rakanco Project by Pantera Silver Corp. could potentially create investment opportunities in the mining sector. With the Project located in a region known for its mineral wealth, there is the possibility of significant returns on investment as Pantera explores and develops the mineral claims. It is advisable to conduct thorough research and consider all factors before making any investment decisions related to Pantera Silver Corp. and the Rakanco Project.
Impact on the World
The acquisition of the Rakanco Project by Pantera Silver Corp. is significant for the global mining industry. As Pantera expands its operations into Bolivia, it brings attention to the mineral potential of the region and promotes economic development through responsible mining practices. The successful exploration and development of the Rakanco Project could contribute to the supply of essential minerals for various industries worldwide, supporting global infrastructure and technological advancements.
Conclusion
In conclusion, the final approval of the acquisition of the Rakanco Project marks a milestone for Pantera Silver Corp. as it continues to grow its portfolio of mineral assets. The Project’s strategic location and potential for mineral discovery position Pantera for success in the mining sector. This acquisition not only benefits the Company and its shareholders but also has the potential to make a positive impact on the global mining industry and the economy of Bolivia.
