11th Oct 2024 13:49
Panther Metals PLC - Developer of critical minerals projects in Ontario, Canada - Announces its disposal of Australian arm, Panther Metals Ltd. It disposes of all 18.2 million shares in the Australian Securities Exchange for net proceeds of around GBP219,000.
Chief Executive Officer Darren Hazelwood said: "We've always understood the drill bit is the ultimate driver for exploration success, and our exit from Panther Australia is in no way a reflection on their drill prospects and their very competent exploration team. To thrive in the junior exploration sector, one has to be pragmatic; it's essential to be able to modify and adapt corporate strategies in order to best manage the interests of shareholders."
Current stock price: 78.00 pence, up 4.0% in London on Friday afternoon
12-month change: down 5.5%
By Emily Parsons, Alliance News reporter
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