Panther Metals Plc (LSE:PALM) has unveiled a bold financing strategy involving Bitcoin to support the acquisition of the Pick Lake deposit in Ontario, Canada. The company has established a Bitcoin Treasury account and plans to purchase £4 million in Bitcoin, which will be used as collateral to secure a loan for the transaction. This approach allows Panther to retain exposure to the cryptocurrency while securing the capital needed for the acquisition.
By integrating digital assets into its financial strategy, Panther Metals is positioning itself at the forefront of innovation in the mining sector, blending traditional resource development with modern financial tools. The move is intended to unlock growth opportunities, boost shareholder value, and support the company’s commitment to advancing critical mineral assets.
About Panther Metals Plc
Panther Metals Plc is a mineral exploration company listed on the London Stock Exchange, with a focus on critical minerals, gold, and precious metals in Canada. Headquartered in the Isle of Man, the company also benefits from favorable digital asset regulations, enabling it to leverage cryptocurrency strategies in its broader operational and financial planning.
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