Panther Metals Plc (GB:PALM) has released an update.
Panther Metals PLC, a mineral exploration company, has announced a subscription agreement to raise approximately £643,500 through issuing new shares in Fulcrum Metals PLC. The proceeds aim to accelerate growth and development of various gold tailings projects, including the Teck-Hughes and Sylvanite projects, while exploring opportunities for sustainable metal extraction technologies. Panther holds a 15.26% stake in Fulcrum, as well as a 2% net smelter return royalty over the Big Bear Project.
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