Business
Fulcrum Metals - Exploration Update
Fulcrum Metals - Exploration Update.
About this update from Panther Metals Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIIONS (SI 2019/310) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n\n\n\nFOR IMMEDIATE RELEASE\n\n\n\n\n\n\nPANTHER METALS PLC\n(\"Panther\" or the \"Company\")\n(Incorporated in the Isle of Man with company number 009753V)\n11 May 2023\nFulcrum Metals: Exploration Update\n \nPanther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada is pleased to note that Fulcrum Metals PLC (\"Fulcrum\") have announced an update on its exploration activities, including airborne geophysics, remote sensing study and further mining claim acquisitions at its projects in the provinces of Ontario and Saskatchewan in Canada. \n \nPanther holds a total of 9,971,839 ordinary shares in Fulcrum representing a 20% interest in the entire issued share capital of Fulcrum, plus 714,286 warrants exercisable at 17.5p with a two-year life from 14 February 2023 and a further 476,190 warrants exercisable at 26.25p with a three-year life. Panther also retains a 2% net smelter return (\"NSR\") royalty over the Big Bear Project.\n \nThe Fulcrum announcement is available to view at the following link:\nhttps://fulcrummetals.com/news/\n \n \nDarren Hazelwood, Chief Executive Officer, Panther Metals plc commented:\n \n\"We are very pleased to see that Fulcrum Metals are committed to continuing their concerted exploration and discovery effort across their exciting project portfolio, and we look forward to their progress updates over the coming weeks and months.\"\n \n \nFor further information please contact:\n \n \nPanther Metals PLC:\nDarren Hazelwood, Chief Executive Officer: +44(0) 1462 429 743\n &nbs...