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Panther Metals Plc ( (GB:PALM) ) has provided an announcement.
Panther Metals PLC has announced an amendment and extension to its purchase agreement with Broken Rock Resources Ltd for the Obonga Project in Ontario, Canada. This extension allows an additional year for exploration commitments and replaces the net smelter return royalty with a gross revenue royalty. The Obonga Greenstone Belt, with its recent discoveries of VMS systems and graphite, is positioned as an emerging base metal camp, attracting industry interest. The amendment is expected to enhance Panther’s exploration strategy and potentially increase shareholder value by unlocking the full potential of the Obonga Project.
More about Panther Metals Plc
Panther Metals PLC is an exploration company listed on the main market of the London Stock Exchange, focusing on the discovery of commercially viable mineral deposits. The company operates in established mining jurisdictions with scalable projects, using advanced technologies and geological data for rapid assessment. Panther’s current portfolio includes three properties in Ontario, Canada, with the Obonga Greenstone Belt being a significant focus due to its potential for base metal volcanogenic massive sulphide (VMS) systems.
YTD Price Performance: -54.71%
Average Trading Volume: 20,557
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.89M
See more insights into PALM stock on TipRanks’ Stock Analysis page.