#Canada #Vancouver #Pan Global #Escacena Project #Alpayana

Pan Global Resources Completes $7.2 Million Private Placement with Alpayana

In a significant financial move, Pan Global Resources Inc. has announced the successful completion of a private placement raising $7.2 million CAD in collaboration with Alpayana. This strategic financing will see Pan Global enhance its operational capabilities, particularly in the realms of exploration and drilling within its prominent mining projects located in Spain.

Details of the Private Placement

The arrangement involved the issuance of 45 million common shares at a price of $0.16 CAD each, resulting in significant gross proceeds. Following this transaction, Alpayana has acquired a 19.55% stake in Pan Global, solidifying their partnership. The shares issued will be subject to a hold period until October 13, 2026, ensuring that the market has proper regulation during this early stage of investment.

It’s important to note that this private placement occurred without any intermediary fees, demonstrating a direct and efficient channel of investment. The funds raised from this offering are earmarked for advancing the exploration initiatives at Pan Global's Escacena and Cármenes projects, locations praised for their mineral potential.

Focus on the Escacena Project

The Escacena Project, positioned within the Iberian Pyrite Belt, is particularly notable for being one of the most significant copper-producing areas in Europe. Spanning over 15,000 hectares, this project includes the newly acquired Escacena Sur site, part of a land package that has garnered the interest of various mining entities due to its promising exploration potential.

The mineral resource estimates for Escacena include copper tin-silver and copper-gold deposits, showcasing rich resources with measured and indicated estimates of 32.4 million tons containing 0.37% copper and additional promising yields from other minerals. Given the historical context, this project’s proximity to active mining sites amplifies its leverage in attracting investments and technological advancements.

Cármenes Project: A Hidden Gem

Meanwhile, the Cármenes Project, located in the North of Spain, benefits from a long-standing history of mining and favorable geological conditions. This belt is known for hydrothermal and epithermal mineralization associated with gold, copper, nickel, and cobalt deposits, hinting at an unexplored richness yet to be fully tapped into.

Initial drilling in 2025 at Cármenes revealed substantial gold mineralization, indicating potential for significant economic return. Both projects, combined with the expertise of Pan Global's team in exploration and mining operations, set a solid foundation for future developments in Spain’s mining landscape.

Commitment to Sustainability

In addition to their ambitious expansion plans, Pan Global Resources emphasizes their commitment to sustainable mining practices. The company adheres to high environmental standards and actively engages with local communities, aiming for a balanced approach to resource extraction and community welfare. As part of their efforts, they are aligned with the United Nations Global Compact, showcasing their dedication to ethical business practices.

For more information on Pan Global Resources, visit their website, where they continue to update stakeholders and the public about their projects and corporate developments. This financial maneuver not only strengthens Pan Global’s capital position but also addresses the burgeoning demand for minerals essential for global electricity and energy transitions.

In conclusion, as Pan Global Resources moves forward with its expanded mining operations, the partnership with Alpayana marks a strategic framework for both entities to explore and develop high-potential mining sites in the European market effectively.