Panther Metals plc confirmed gold mineralisation from four of five inaugural diamond drilled holes at the Glass Reef target in Manitou Lakes, Ontario. BREAKTHROUGH The drilling programme was a follow‐up on the “widespread” anomalous gold-in-soil and rock sampling values in Panther’s geochemical survey over the historical Glass Reef mine area. The company said that there were […]
Tag: Panther Metals plc
Panther awarded Wishbone exploration permit
Panther Metals plc has received a three-year exploration permit for the Wishbone prospect at the Obonga project in northern Ontario. CLUSTER The company acquired the Obonga greenstone belt in July 2021 and has to date identified five prospective primary targets of Wishbone, Awkward, Survey, Ottertooth and Silver Rim. The new permit allows up to 39 […]
Panther reduces shares on 64.36% approval
Panther Metals plc said it would consolidate the number of its shares following a 64.36% approval at its general meeting. A total 8,483,610 votes were in favour of the resolution while 4,698,627 were against, with no votes withheld. The company will reduce 92,822,307 existing ordinary shares of no par value on a 25 into 1 […]
Panther sells 1m shares in Australia spin-out
Panther Metals plc has sold part of its holding in its Australian spin-out Panther Metals Ltd. The sale of 1,131,446 shares for $55,615, approximately £28,935.00, is a net decrease of 5.66% in its interest. The company now holds 18,868,555 shares in Panther Metals Ltd, equivalent to 21.65% of the total outstanding issued capital. Panther’s own […]
Panther to begin Obonga graphite exploration
Panther Metals plc plans to start graphite-focused ground exploration on the Awkward and Awkward East prospect areas on the eastern side of the Obonga project, Ontario. TARGET The project covers 90% (291km2) of the district scale Obonga greenstone belt. Awkward is also prospective for nickel-copper-platinum group element bearing magmatic conduits as well as graphite. Panther […]
Panther raises £375,000 via discounted placing
Panther Metals plc raised £375,000 via a placing of 8,333,334 new ordinary shares at a discounted price of 4.5 pence per placing share in a bookbuild. USES The shares issue will represent approximately 8.2% of the company’s enlarged ordinary share capital following the placing. The placing price of 4.5p per placing share is a 12.6% […]