#Canada #Vancouver #Mining Projects #Pan Global #Escacena

Pan Global Resources: Successful Private Placement for Expansion

On January 22, 2026, Pan Global Resources Inc. announced a significant milestone by completing a CAD 5.6 million private placement. This financing, secured through a strategic investor, involves issuing 35 million common shares at a price of CAD 0.16 per share. This capital infusion is intended to support the ongoing expansion of exploration and drilling programs at the company's prominent projects in Spain, specifically Escacena and Cármenes, as well as for general corporate purposes.

Strategic Importance of the Investment

Tim Moody, the President and CEO of Pan Global, expressed his enthusiasm for welcoming a well-respected strategic investor with extensive experience in mining as a shareholder. He noted that this investment not only validates the company's exploration portfolio but also strengthens its operational capabilities in Spain. The additional funding bolsters the company’s efforts to advance the Escacena and Cármenes projects, enabling new discoveries expected in 2026.

Details of the Private Placement

The private placement, which remains subject to final approval by the TSX Venture Exchange, is characterized by a hold period expiry on May 15, 2026. The proceeds from this offering will play a crucial role in enhancing the operational capabilities of Pan Global as it embarks on an aggressive exploration strategy in southern Spain, where the recently acquired Escacena South property will be a focal point.

Overview of Major Projects

Escacena Project

The Escacena project encompasses a vast, contiguous land position of over 10,000 hectares, entirely controlled by Pan Global, situated in the eastern segment of the Iberian Pyrite Belt. This area includes the mineral rights for Flores, Rosario, and Girasoles, acquired in September 2025, which significantly expanded the project area to benefit from the geological potential. Notably, Escacena is in proximity to the operational Riotinto mine and former mining sites known to contain substantial mineral deposits.

The Escacena project is renowned for its copper-tin-silver mineralization, highlighted by the La Romana deposit. The company is also looking to expand its exploration efforts over several promising targets, including the Cañada Honda copper-gold discovery.

Cármenes Project

Located approximately 55 kilometers north of León, the Cármenes project lies within the Rio Narcea gold belt and spans 5,653 hectares. This region is highly prospective for carbonatite-related mineralization, containing potential clusters of copper, nickel, cobalt, and gold. Historical mining operations in this area, including those at the Profunda and Providencia mines, have showcased the rich mineral history and the promise of further discovery in the area.

Pan Global has successfully initiated an initial drilling program at the target area of Providencia that has already yielded a new gold discovery, thereby underscoring the project’s potential.

Commitment to Sustainable Practices

Pan Global Resources is dedicated to ethical mining practices and responsible exploration. The team brings a wealth of experience in exploration, discovery, and mining operations while emphasizing safe practices and commitment to the local communities and the environment. The company is also a member of the United Nations Global Compact, aligning its operations with universal sustainability principles.

Market Relevance

Copper and gold continue to hold significant market demand, with copper being a critical component in global electrification efforts. Pan Global’s strategic positioning in key mineral exploration areas in Spain puts it in a strong position to respond to the rising global needs for these resources.

For additional insights into Pan Global Resources and updates on their mining initiatives, visit their corporate presentation platform at Curation Connect.

Conclusion

The completion of this private placement marks a pivotal step for Pan Global Resources Inc. in its quest to expand its mineral exploration capabilities in Spain. By leveraging the expertise and support of a strategic investor, the company is poised to unlock the full potential of its flagship projects, promising exciting opportunities ahead in the mining sector.