Pan Global Resources Completes $5.6 Million Private Placement with Strategic Investor

Pan Global Resources Inc. has announced the successful closure of a non-brokered private placement financing, raising C$5.6 million from a strategic investor. This significant funding will allow the company to advance its exploration efforts in the Escacena and Cármenes projects located in Spain.

The placement involved the issuance of 35 million common shares at C$0.16 each, and the securities are subject to a hold period until May 15, 2026. President and CEO Tim Moody expressed enthusiasm about welcoming a respected strategic investor with substantial mining operational experience, which he believes will enhance Pan Global’s exploration capabilities and assist in unlocking new discoveries.

About the Escacena Project

The Escacena Project is notable for its extensive mineral rights within the Iberian Pyrite Belt in southern Spain. Following the recent acquisition of additional mineral rights, the total land package has expanded from 5,760 hectares to over 10,000 hectares. Effective strategies have also been employed to apply for four additional investigation permits, broadening the mineral rights holdings to more than 13,900 hectares.

The Escacena Project is strategically located near the operating mine at Riotinto and adjacent to former mines that are undergoing new developments. Noteworthy findings in this project include the La Romana copper-tin-silver deposit and various other promising targets.

Insights on the Cármenes Project

Similarly, the Cármenes Project is set in the Rio Narcea Gold Belt, approximately 55 kilometers north of León. Covering 5,653 hectares, this project has the potential for diverse mineralization, including copper, nickel, cobalt, and gold. Historical operations in the area have produced valuable concentrates, indicating a rich mining history ripe for exploration. Recently, the maiden drill program at the Providencia target has revealed new gold deposits, adding excitement to the project’s prospects.

The Company’s Vision

Pan Global Resources is committed to developing high-quality mineral deposits while adhering to environmental standards and community partnerships. The growing demand for copper as a critical resource in the global electrification and energy transition markets aligns with the company’s strategic objectives.

In conclusion, this successful private placement significantly boosts Pan Global’s capability to drive progress in its significant projects and to explore new opportunities that align with its vision. Ahead of 2026, the company is poised for growth and discovery in the competitive mineral exploration landscape.