Panther Metals Plc ( (GB:PALM) ) has shared an update.
Panther Metals PLC has made significant progress in its 2024 exploration activities, particularly at the Dotted Lake and Obonga projects in Ontario, Canada. The company successfully conducted a diamond drilling program at Dotted Lake, revealing a mineralized magnesium-rich serpentinite with promising nickel grades. Additionally, Panther extended its Obonga Project agreement and secured new exploration permits, advancing its projects to drill-ready status. Despite a financial loss for the year, the company is optimistic about its future, exploring a dual listing in Canada to leverage tax exploration funding schemes.
More about Panther Metals Plc
Panther Metals PLC is a mineral exploration company focused on the discovery and development of mineral resources, particularly in the critical minerals sector. The company operates primarily in Ontario, Canada, with projects targeting nickel, cobalt, platinum group elements, and graphite.
YTD Price Performance: -51.76%
Average Trading Volume: 30,120
Technical Sentiment Signal: Buy
Current Market Cap: £2.29M
See more data about PALM stock on TipRanks’ Stock Analysis page.