16th Oct 2025 15:21
(Alliance News) - Panther Metals PLC on Thursday said it has extended the option period for its Winston project, which targets zinc, copper and precious metals in Canada.
The extension is until October 29, and concerns an option, as well as a sale and purchase agreement, with Frontier Energy Ltd.
London-based mineral deposits explorer Panther Metals noted the extension does not affect its separate agreement with First Quantum Minerals Ltd.
Panther Metals has described Winston as "a potential near-term production opportunity" given its existing infrastructure, with possible early cash flow whilst the company works towards underground mining.
Last month, Panther Metals reported no revenue in the first half of 2025, unchanged from the previous year. Its pretax loss widened to GBP1.1 million during the six months that ended June 30 from GBP967,270. However, loss per share narrowed to 20.99p from 25.59p a year earlier.
The company's shares rose 0.5% to 74.40 pence on Thursday afternoon in London.
By Holly Munks, Alliance News reporter
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