Richard Edwards

I think the CSE listing could be one of the most important strategic moves Panther #palm has made, but its impact will depend on what management does immediately afterwards, but of course we know there is news flow galore to come. The listing itself doesn’t create value overnight. What creates value is access to Canadian capital, Canadian mining investors and a valuation benchmark against peer companies that are often valued much higher than equivalent UK-listed explorers. For Panther specifically, I think there are five potential benefits: Access to Flow-Through Funding Canadian investors can invest through flow-through structures, which are extremely attractive for exploration companies. Panther has already highlighted this as a key reason for listing. This could materially reduce the cost of funding exploration at Obonga and Wishbone. Improved Liquidity UK small cap mining shares often suffer from low trading volumes. A Canadian listing puts Panther in front of investors who specialize in Ontario exploration stories every day. Higher Peer Valuations Canadian markets tend to assign higher valuations to exploration companies with compelling geology. If Awkward, Wishbone or Winston continue to deliver, Canadian investors may value Panther more in line with domestic peers rather than UK small-cap multiples. Strategic Optionality Being dual-listed makes future transactions easier: Joint ventures. Asset sales. Canadian acquisitions. Potential spin-outs. Raising larger sums of capital. Greater Visibility Panther’s assets are all in Canada. There is a strong argument that a Canadian investor understands: Ontario geology. Tailings opportunities. Nickel and magnesium projects. NI 43-101 resource reporting. Listing where your projects are located is strategically sensible. At the moment, Panther is valued at a level that many Canadian explorers would consider modest given it has: Winston (near-term development/tailings potential). Obonga district scale land package, including Wishbone. And the Awkward conduit discovery. Dotted Lake Magnesium and nickel Potential Canadian flow funding access.

Brilliant article covering the #palm Wishbone exploration

the tailings story advancing rapidly now and with both #fmet and #palm having significant at surface contained resources, they are exceptionally well positioned