Panther Metals Pushes Ahead with Ontario Exploration Despite Annual Loss

PUBLISHED: Apr 29 2025 @ 03:02 | Comments (0) | More info about Fiona Craig

Panther Metals PLC (LSE:PALM) continues to advance its Canadian exploration initiatives, with notable progress at its Dotted Lake and Obonga projects in Ontario throughout 2024. A recent diamond drilling campaign at Dotted Lake uncovered magnesium-rich serpentinite with encouraging nickel mineralization, indicating strong geological potential. Simultaneously, the company has extended its agreement on the Obonga Project and secured new permits, bringing both sites to a drill-ready phase.

Although Panther Metals reported a financial loss for the year, it remains optimistic about future prospects. One of its key forward-looking strategies includes considering a dual listing on a Canadian exchange, which would allow the company to benefit from local tax incentives aimed at boosting mineral exploration.

About Panther Metals PLC

Panther Metals is a mineral exploration firm focused on the acquisition and development of critical mineral resources. Operating mainly in Ontario, Canada, the company targets high-demand materials such as nickel, cobalt, graphite, and platinum group metals – key components in the global shift toward electrification and green technology.

Market Snapshot

Year-to-Date Share Price Performance: -51.76%
Average Daily Volume: 30,120 shares
Technical Sentiment: Buy
Market Capitalization: £2.29 million

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