Panther Metals Targets $816,745 in Rights Issue at $0.008 Per Share

Panther Metals' Capital Raise Strategy

Panther Metals Ltd (ASX, PNT) has announced a pro rata non-renounceable entitlement offer designed to raise approximately $816,745 through the issuance of new shares priced at $0.008 each. Eligible shareholders will be entitled to subscribe for one new share for every three shares they currently hold, with the offer period running from 12 November to 21 November 2025.

This capital raising initiative reflects Panther Metals' ongoing commitment to advancing its exploration activities, particularly at its Laverton Gold Project and Coglia Nickel-Cobalt Project. The funds raised will be strategically allocated to exploration and evaluation efforts across these key assets, alongside other existing projects and general working capital needs.

Allocation of Funds and Project Focus

The company plans to dedicate approximately 37% of the proceeds to the Laverton Gold Project, underscoring its significance within Panther Metals' portfolio. A further 12% will support exploration at the Coglia Nickel-Cobalt Project, with an additional 12% earmarked for other projects. The remaining funds will cover working capital and offer-related expenses.

Directors Daniel Tuffin and Ranko Matic have committed to fully participate in the offer, signaling confidence in the company's prospects. Meanwhile, Dr. Ahmet Kerim Sener has indicated partial participation. The offer excludes shareholders outside Australia, New Zealand, and the United Kingdom due to regulatory constraints.

Implications for Shareholders and Market

Shareholders who choose not to participate face dilution of approximately 25%, a significant consideration given the company's current capital structure. The offer is non-renounceable, meaning rights to subscribe cannot be traded or transferred. Any shares not taken up will form a shortfall pool, which the company may allocate to eligible shareholders at its discretion, with safeguards to prevent any shareholder exceeding a 19.99% voting power threshold.

Panther Metals cautions investors that the offer is speculative, with inherent risks including exploration uncertainties, regulatory compliance, environmental factors, and commodity price volatility. The company emphasizes the importance of shareholders consulting professional advisers before deciding to participate.

Looking Ahead

The success of this entitlement offer will provide Panther Metals with the necessary capital to sustain its exploration momentum over the next 12 months. However, the company acknowledges that if the offer is undersubscribed, it may need to adjust its operational plans accordingly, potentially delaying or scaling back exploration activities.