#Canada #Vancouver #Pan Global #Escacena #Cármenes

Pan Global Resources Initiates Private Placement Financing

Pan Global Resources Inc., listed on the TSX Venture Exchange (PGZ) and the OTCQB (PGZFF), has recently disclosed plans for a private placement financing aimed at raising funds for expanded exploration activities in Spain. The company seeks to issue up to 18.75 million shares at a price of CAD 0.16 per share, potentially generating a total of CAD 3 million. This funding is pivotal for advancing key projects in the Iberian Pyrite Belt, particularly focusing on the Escacena and Cármenes projects.

Project Overview

The company has made significant strides with its Escacena project, now encompassing over 10,000 hectares following recent mining rights allocations. These currently cover significant targets for exploration, including the promising sites of La Romana and Cañada Honda. According to Tim Moody, the president and CEO, the increased land holding allows for an accelerated exploration program. The ultimate goal is to establish over 100 million tons of copper equivalent resources in this rich mineral area.

Additionally, Pan Global plans to extend its drilling campaign to the high-grade gold discovery at Providencia, which holds potential for further resource additions. The net proceeds from this placement will support these exploration and resource definition programs in Spain.

Escacena Project Details

The Escacena project has recently received an expansion, increasing its footprint significantly due to new mineral rights attributed in September 2025. This area, rich in mineral resources, is strategically located near historical mining sites such as Riotinto and Aznalcóllar, which gives Pan Global a competitive advantage.

Pan Global's holdings now include additional claims, with four new exploration permit applications covering about 3,888 hectares, bringing the total mineral rights in this rich area to approximately 14,000 hectares. This expansion could uncover new copper and gold resources critical for both the company and the broader market.

Cármenes Project Prospect

The Cármenes project, positioned about 55 km north of León in northern Spain, covers 5,653 hectares and is highly regarded for its potential to host multiple mineralization bodies. Historical mining, particularly in the Profunda and Providencia mines, demonstrated the area's capacity for producing copper, cobalt, and nickel. The company's initial drilling efforts on the Providencia target have already revealed new gold discoveries, reinforcing the area's potential.

Expectations and Market Relevance

Copper and gold both hold substantial strategic importance, particularly in light of global electrification efforts and the ongoing energy transition. The company’s flagship projects are positioned in a favorable mining jurisdiction with good infrastructure and a supportive permitting environment, making them attractive to investors and stakeholders alike.

Tim Moody emphasized the company's commitment to responsible mining practices while maximizing resource potential. Pan Global's leadership team, with its extensive experience, is dedicated to advancing these projects with an emphasis on public trust and environmental stewardship.

Conclusion

The new private placement financing stands as a critical step for Pan Global Resources as it aims to solidify its position within the rapidly evolving mining sector in Spain. Potential investors are advised to consider the unique opportunities these projects represent, particularly against the backdrop of increasing global demand for essential metals like copper and gold. As Pan Global moves forward, its strategic initiatives may prove to be a catalyst for growth and development within the Iberian Pyrite Belt.

Potential investors should remain informed and may reach out to the company's investor relations for more detailed insights into this financing, the expected impact on the projects, and future plans.