Pan Asia Metals Ltd. (AU:PAM) has released an update.
Pan Asia Metals Limited (PAM) reassures its financial stability after the ASX’s query, highlighting a true and fair view of its financial performance in the Annual Report, compliance with the Accounting Standards, and the sufficiency of funds to meet working capital requirements for at least the next 12 months. The company has addressed its financial condition, confirming a recent capital raise and a potential $10 million funding facility, which is expected to significantly bolster its fiscal position. PAM is actively engaging with potential strategic partners and investors, with firm commitments already in place and further announcements anticipated.
For further insights into AU:PAM stock, check out TipRanks’ Stock Analysis page.
