Pan Global Resources Celebrates the Approval of Los Frailes Mining Project by Grupo Mexico

Pan Global Resources Celebrates Mining Approval

On June 3, 2025, Pan Global Resources Inc., trading under the stock symbols TSXV: PGZ, OTCQB: PGZFF, and FRA: 2EU, reported the approval of the operational plans for the Los Frailes mining project in Andalusia, Spain. This important development affirms the region’s status as a leading mining jurisdiction and marks a crucial step for the company's flagship Escacena project.

The Los Frailes mine, owned predominantly by Grupo Mexico (97.31%) and Magtel (2.69%), is poised to generate significant investments and job opportunities within the local community. Tim Moody, CEO of Pan Global, expressed enthusiasm regarding this achievement, emphasizing the strategic location of their Escacena project next to Los Frailes. He noted, "This milestone showcases the robust permitting environment in Andalusia and the excellent positioning of our wholly-owned Escacena project."

Project Details

The Los Frailes mining project aims to extract zinc, copper, lead, and silver, with an expected operational lifespan of 20 years. The facility will produce high-quality concentrates, contributing to the local economy and further establishing Andalusia as a primary mining destination.

Pan Global's Escacena project lies adjacent to Los Frailes and is noted for its resource-rich deposits, including copper, tin, and silver. The proximity allows Pan Global to capitalize on infrastructural improvements and increased investment in the area resulting from the development of Las Frailes. As Moody elaborated, "With our copper discovery at La Romana to the west of Los Frailes, we anticipate benefiting from regional investment growth, infrastructure modernization, and synergies."

Ongoing Exploration and Future Prospects

Currently, Pan Global is actively engaged in multi-target drilling programs at Escacena, particularly at the highly prioritized Bravo target. A series of exploration drilling is slated to restart following local wheat harvests, with a focus on extending high-grade mineralization at La Romana. Additionally, the ongoing exploration at Cármenes in northern Spain has yielded promising findings, including reports of high-grade gold mineralization near the surface.

Commitment to Sustainable Practices

Pan Global Resources Inc. is dedicated to exploring mineral deposits rich in copper, gold, and other metals, with a keen awareness of sustainability and community impact. Given the rising global demand for copper—an essential element for electrification and energy transition—the company is well positioned to leverage the positive market dynamics shaping the mining industry.

The company's Escacena project benefits from a favorable mining history, excellent infrastructure, and professional expertise, all supported by the European Commission’s acknowledgment of copper as a strategic commodity. This favorable legislative backdrop contributes to a low-risk investment landscape for mining ventures in the region.

The team behind Pan Global prides itself on its commitment to safety, environmental stewardship, and respect for the communities in which it operates. They are also proud members of the United Nations Global Compact, adhering to its guiding principles.

As the mining sector continues to evolve, the company remains focused on advancing its projects, anticipating further developments and collaborations in the near future. The approval of Los Frailes is not only a significant achievement for Pan Global but also a pivotal moment for the wider region, promising economic stimulation and modernization in Andalusia.

For more information about Pan Global Resources and its projects, visit www.panglobalresources.com.

Cautionary Statements

The forward-looking statements contained in this article are based on current expectations and estimates. Actual outcomes may differ due to various factors, including economic conditions, regulatory approvals, and market dynamics. Readers are encouraged to consider potential risks highlighted in the company's disclosures to the British Columbia Securities Commission.