Shares of Pantera Minerals rose by as much as 11.5% to a value of A$0.058, potentially setting records for it’s best day since the 24th of August.

The rise comes as the mineral exploratory company secured a 35% interest in the Superbird Project located in the U.S.

The acquisition was made possible via a A$2 million convertible note facility with Daytona Lithium.

With this acquisition, the Superbird lithium brine project has increased by a substantial 58%.

As a result, the company’s stock hit its highest level since September 5.

The trend also suggests a potential second consecutive session of gains for Pantera Minerals stock.

However, the end of the year, specifically the last closing, showed a decline of 52.7% year-to-date.

Pantera Minerals is a mineral exploratory company based in Australia.