Business
Half-year Report
Panther Metals PLC reported a loss of £1,068,265 for the six months ended June 30, 2025, with basic and diluted losses per share of -20.99 pence. Net asset value stood at £2,074,738. The company raised £455,000 through a placing of shares at 50 pence each, issuing warrants for new shares at 75 pence. Warrant conversions generated £80,000. Directors subscribed for shares totaling £132,000 at 69 pence per share. Panther also sold its remaining Fulcrum Metals shares for £266,879. The company capitalized its outstanding debt of £150,000 by issuing new ordinary shares with warrants. An amending agreement for the Obonga Project involved issuing 42,070 new ordinary shares valued at Canadian $30,000 to Broken Rock Resources. Disclaimer*
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\n\n\n\n\nFOR IMMEDIATE RELEASE\n\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)\n \nPanther Metals plc\nHalf Yearly Financial Report\nFor the six months ended 30 June 2025\n \nChairman's Statement\n \nI am pleased to present the Chairman's Statement for Panther Metals PLC for the six months ended 30 June 2025, a period that has been marked by significant strategic developments and continued progress in our operational activities.\n \nStrategic Developments- Winston Project Advancement\n \nOn 17 June 2025, we announced option and purchase agreements for the Winston Project, the high-grade, advanced stage, polymetallic zinc, copper and precious metal property in Ontario, Canada. This strategically important high-grade critical mineral asset represents a significant step forward in expanding our Canadian portfolio and offers the potential of early cashflow from the historical mine tailings which we have shown to contain significant quantities of both gold and gallium.\nThe Winston Project acquisition agreement is particularly significant as it provides Panther with access to a potential near-term production opportunity with existing infrastructure including power lines, plant site, and underground development. Subject to the necessary studies, the historical tailings reprocessing opportunity at Winston provides the potential for early cash flow while the underground mining proposition is advanced. Success at Winston should see a step-change in the Company as our asset base is rerated.\nTo strengthen our expertise in this area, we appointed Mr Kerem Usenmez to the Company's Advisory Board. Kerem brings over 25 years of mining industry experience across all stages from exploration through to mine development, providing invaluable knowledge specifically related to the Winston Project. Julien Bosche has also joined the Advisory Board, bringing over 16 years of mining investment related experience, including merger and acquisition stra...