Pan Global Resources Secures New Financing for Expansion Projects in Spain

Overview

Pan Global Resources Inc. has announced an exciting new financial opportunity that is poised to significantly enhance its exploration capabilities in Spain. The company is organizing a non-brokered private placement to raise up to CAD 3 million through the sale of 18.75 million ordinary shares at a price of CAD 0.16 per share. This funding is strategically aimed at advancing various exploration programs, particularly focusing on the Escacena and Cármenes projects.

Escacena Project Details

The Escacena project has recently seen an increase in the controlled surface area by 74%, now exceeding 10,000 hectares due to the recent awarding of mineral rights in the Southern Escacena region. This expansion opens up multiple targets and increases the potential for significant resource discovery. Tim Moody, the company's President and CEO, stated that the goal is to leverage discoveries already made at La Romana and Cañada Honda to reach an ambitious target of 100 million tonnes of copper equivalent resources.

Additionally, there will be a major focus on aerial geophysical studies over the newly awarded mineral rights, reinforcing the company’s commitment to thorough exploration practices. The company is also excited about the initiative to expand exploration at the high-grade gold project, Providencia, located in Northern Spain, expecting new discoveries and an increase in mineral resource potential.

Funding Utilization and Structure

The proceeds from this private placement will be used to enhance the company's resource exploration strategies in Spain, along with general corporate purposes. The offer is contingent on standard closing conditions and subject to acceptance by the TSX Venture Exchange.

Shares issued in this private placement will be subjected to a four-month hold period and U.S. resale restrictions under U.S. securities regulations. Additionally, certain finds from this offer might attract brokerage commissions, adhering to compliance requirements.

Project Descriptions

Escacena Project

The Escacena project encompasses a vast contiguous land package controlled entirely by Pan Global in the Iberian Pyrite Belt's eastern area. Following the expansion, the project now includes mineral rights granted in September 2025 that allow further exploration into areas previously under-researched. Pan Global has also submitted applications for additional permits covering an extra 3,888 hectares, which if approved, would elevate the total controlled area toward 14,000 hectares. This project is strategically situated near operational mines and historic mining districts, enhancing its potential due to established infrastructure and mining history.

The project hosts known copper-tin-silver and copper-gold discoveries, such as La Romana and La Pantoja. Beyond these, other prospective targets have been identified including Bravo, Barbacena, and Hornitos, which are essential in shaping the project’s exploratory future.

Cármenes Project

Located approximately 55 kilometers north of León, the Cármenes project includes five research permits spanning 5,653 hectares, rich in promising copper, nickel, cobalt, and gold mineralization. This area, home to former mines that operated until the 1930s, also showcases the potential for untouched mineralization with vertically extensive deposits reaching significant depths. The initial drilling at the Providencia target has already led to new gold discoveries, indicating the project may yield high rewards in terms of resource recovery.

Commitment to Sustainable Practices

Pan Global Resources prides itself on its team of seasoned professionals dedicated to safe and environmentally responsible mining practices. The company is a registered member of the United Nations Global Compact, upholding principles of integrity, sustainability, and respect for the communities in which it operates.

Conclusion

The announcement of this private placement marks a pivotal moment for Pan Global Resources as it sets to advance its exploration initiatives in one of Europe’s promising mining regions. With a clear strategy to optimize existing discoveries and search for new mineral resources, the company is positioning itself for future successes in the international mining landscape.