Pan Global Engages in $7.2 Million Private Placement with Alpayana

Pan Global Resources Engages in a $7.2 Million Private Placement with Alpayana

Pan Global Resources Inc. has announced a significant private placement initiative on April 24, 2026, securing a total of CAD 7.2 million through the acquisition of shares by existing investor Alpayana.

Overview of the Investment

With a historic footprint in Peru and Mexico, Alpayana is set to purchase 45,000,000 common shares at CAD 0.16 each, which will translate to an approximate 19.9% ownership stake in Pan Global following the closing of the placement. This strategic move comes as Pan Global looks to enhance its ongoing mining projects, specifically in Spain where it aims to accelerate drilling programs.

The announcement follows the decision made by Pan Global's board to forgo a previously announced extension of warrants, urging warrant holders to exercise their options before May 6, 2026.

Tim Moody, CEO of Pan Global, expressed his enthusiasm regarding Alpayana’s investment, highlighting Alpayana's reputation as a mining operator in Latin America. The funds from this placement will specifically aid in increasing the current drilling program to 20,000 meters, which is pivotal for the projects at Escacena and Cármenes.

Implications of the Funding

The allocation of newly acquired funds is poised to enhance exploration operations, including follow-up drilling activities at several high-potential sites, specifically the Cañada Honda copper-gold deposit. Preliminary results have indicated significant mineralization potential, and further exploration will be supported by geophysical surveys and aggressive drilling programs planned throughout 2026.

Additionally, exploration activities in the promising Escacena South area are on the agenda, with permissions for drilling anticipated within the year. The exploration will start with a helicopter-borne geophysical survey, which will supplement the rigorous drilling schedules set for the project.

Drilling will also focus on expanding targets in the Cármenes project area, particularly around the Providencia target, which has shown promising results during initial drilling campaigns.

Alpayana: A Committed Mining Partner

Alpayana has been a family-owned mining enterprise for over 39 years, combining operational expertise with rigorous project development. Their commitment to sustainable practices is reflected in their focus on employee well-being, community development, and environmental conservation as they operate across various mining sites in the Americas.

The organization’s current operations contribute significantly to local ecosystems by providing clean water to over 2.5 million people surrounding their mines in Peru. Thus, their involvement with Pan Global aligns with a mutual goal of responsible and impactful mining.

The Escacena Project: A Competitive Edge

Pan Global’s flagship asset, the Escacena project, encompasses over 13,000 hectares in the Iberian Pyrite Belt, which is recognized as one of Europe’s leading regions for copper production. The project’s proven resource estimates, including copper-tin-silver and significant copper-gold opportunities, offer a competitive edge in the growing marketplace for these essential minerals. Pan Global also emphasizes rigorous environmental stewardship and safety as they advance their exploration efforts.

As the demands for copper and gold rise due to global electrification initiatives and energy transitions, Pan Global is strategically positioned to leverage its resource-rich projects in response to market needs. This recent private placement with Alpayana signifies not only a financial boost but also a reaffirmation of investor confidence in Pan Global’s vision and operational capabilities.

For more comprehensive information about Pan Global’s development plans, interested parties can explore further through the company’s investor relations resources.