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Panther Metals Plc ( (GB:PALM) ) just unveiled an announcement.
Panther Metals Plc has successfully raised £600,000 through a placement of 1,000,000 new ordinary shares at 60 pence per share, representing a discount to the previous market price. This fundraising effort aims to support the company’s focus on delivering tailings production by the end of 2026, with proceeds being used to attain a Mineral Resource Estimate at the Winston project, which is crucial for partner offtake discussions.
More about Panther Metals Plc
Panther Metals Plc is a company incorporated in the Isle of Man, primarily involved in the mining industry. The company focuses on mineral exploration and development, with a particular emphasis on advancing its projects to production stages.
Average Trading Volume: 38,085
Technical Sentiment Signal: Sell
Current Market Cap: £3.85M
Learn more about PALM stock on TipRanks’ Stock Analysis page.