Panther Metals plc has terminated its Pick Lake base and precious metals purchase option with Frontier Energy Ltd after failing to raise enough funds. DISAPPOINTING The company had hoped to buy £4 million of Bitcoin to fund the project, which is part of the Winston Lake tailings option in Ontario, Canada. Pick Lake contains approximately 85% of […]
Tag: Panther Metals plc
Panther completes fundraise at £655,569
Panther Metals plc has raised a total of £55,569 in the retail offer for existing shareholders, for 92,616 new ordinary shares. TVRs The retail offer, together with the 28 October placing of 1,092,616 new ordinary shares, has raised in aggregate £655,569.60. Following admissoin, the company’s issued ordinary share capital will comprise 6,983,986 ordinary shares, with […]
Panther targets £700,000 fundraise
Panther Metals plc has raised gross £600,000 via a discounted placing by its chief executive officer Darren Hazelwood for one million new ordinary shares, which he intends to sell to certain investors. RETAIL OFFER The issued shares represent around 17% the company’s existing issued ordinary share capital. The discount is of 11% to the closing […]
Panther appoints SRK for Winston MRE
Panther Metals plc has appointed SRK Exploration Ltd as independent consultants to conduct a mineral resource estimate for its optioned Winston tailings project in Ontario, Canada. The historic site contains high-grade gold, gallium, silver, zinc, copper and cobalt and other minerals within the mine’s tailings storage facility. Panther said that the MRE would be based […]
Panther applies for Winston tailings recovery permit
Panther Metals plc has started the application process for a recovery of minerals permit for the historic Winston Lake Mine polymetal tailings storage facility in Ontario, Canada. DRILLING The company has held a pre-submission meeting with the regulatory authority and will progress through the four-stage process alongside continuing other work at the site. Grid drill […]
Panther sees ‘many millions’ cash from Winston
Panther Metals plc said that sampling results had confirmed the “considerable potential value” of the tailings storage facility at its optioned Winston mine project in Ontario, Canada. INFRASTRUCTURE The site comprises the Pick Lake and Winston Lake deposits, the Winston Lake mine site infrastructure and “highly prospective” exploration targets. Sampling returns exceeded the company’s expectations […]