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Panther Metals Plc ( (GB:PALM) ) just unveiled an announcement.
Panther Metals PLC announced a conditional placing to raise £455,000 through the issuance of new ordinary shares, with proceeds aimed at advancing the Dotted Lake Project in Ontario. The drilling program has already identified a 1.2km long gold trend and high-grade zinc/gold mineralization, promising further exploration and potential value for shareholders. Despite challenges in the equity markets, Panther Metals is well-positioned to push forward with its projects, supported by the additional capital raised.
More about Panther Metals Plc
Panther Metals PLC is an exploration company listed on the London Stock Exchange, focusing on discovering commercially viable mineral deposits. The company primarily operates in established mining jurisdictions, with a significant focus on mineral exploration in Canada, particularly in Ontario. Panther Metals rapidly assesses drill targets using advanced technologies and geological data, and it has a developing investment wing targeting nickel and gold in Australia.
YTD Price Performance: -2.94%
Average Trading Volume: 11,216
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.53M
Find detailed analytics on PALM stock on TipRanks’ Stock Analysis page.
