Panther Metals Plc (GB:PALM) has released an update.
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Panther Metals PLC has announced that its investment, Fulcrum Metals PLC, has entered into a definitive option agreement with Terra Balcanica Corp. for the sale of its uranium projects in Saskatchewan, Canada. The deal includes a series of cash and equity payments to Fulcrum, totaling CA$300,000 and exploration expenditures by Terra worth CA$3,250,000 over four years. Panther Metals retains a 15.26% stake in Fulcrum, along with warrants and a 2% net smelter return royalty on the Big Bear project.
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