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An update from Panther Metals Ltd. ( (AU:PNT) ) is now available.
Panther Metals has completed the remaining $315,000 shortfall from its recent entitlement offer, issuing over 39 million new shares to professional, sophisticated and institutional investors, which strengthens working capital to fund exploration and evaluation across its Laverton Gold, Coglia Nickel-Cobalt and other projects. At its Burtville East prospect, recent metallurgical testwork has confirmed very high gravity-recoverable gold in oxide ore, prompting the company to initiate third-party discussions for bulk sampling, plan deeper drilling below the current 90m depth, and begin work on converting the prospect into a mining lease, while simultaneously launching a strategic review of the Coglia Project in light of sharply higher cobalt prices and historic PGE intercepts that could enhance its positioning within the expanding US critical minerals supply framework.
More about Panther Metals Ltd.
Panther Metals Limited (ASX: PNT) is an exploration-focused resources company with a portfolio of projects in Western Australia, including the Laverton Gold Project, the Burtville East gold prospect and the Coglia Nickel-Cobalt Project, targeting gold and critical minerals to supply growing global demand.
Average Trading Volume: 5,942,377
Technical Sentiment Signal: Sell
Current Market Cap: A$2.58M
Learn more about PNT stock on TipRanks’ Stock Analysis page.