Panther Metals Plc (LSE: PALM), the exploration company focused on mineral projects in Canada, is pleased to announce the successful opening of a Bitcoin Treasury account and its strategy on the digital asset backed mechanism it will use to finance the purchase of the Pick Lake deposit (“Pick Lake”), a constituent of the Winston Project, in Ontario, Canada.1
The Bitcoin Treasury account is held with leading Bitcoin services provider CoinCorner Ltd (“CoinCorner”), based in the Isle of Man.
Simultaneously, Evoke Solutions a UK-based Bitcoin consultancy has been appointed to advise Panther on the operational setup, security protocols, and governance structures for its Bitcoin Treasury.
Panther plans to purchase £4 million of Bitcoin to hold in its Bitcoin Treasury. The Bitcoin Treasury will be funded by two sources, conversion monies from existing warrants and the balance raised via the capital markets (together the “Capital Raise”).
Upon completion of the Capital Raise, Panther plans to utilise a loan facility secured on its Bitcoin holdings, to finance the Pick Lake purchase fee.
This strategic financing approach enables Panther to unlock liquidity from the Bitcoin Treasury by using a portion of that holding as collateral for the Bitcoin (BTC) secured loan of approximately £1.3 million. This allows the Company to complete the Pick Lake acquisition whilst retaining its total exposure to Bitcoin.
The Company considers that the net effect of maintaining £4 million BTC holding, together with the 100% ownership of the Pick Lake deposit opens an entirely new, innovative way to accelerate the growth of the business. To hedge against the BTC exposure the Company will use traditional funding mechanisms to maintain the £4 million Bitcoin Treasury should this be required.
Looking forward, Panther will seek to increase the Bitcoin Treasury, utilising a similar funding structure as set out in this announcement, prior to further increasing its fiat priced commodity holdings. At this stage however, the Company has no plans to access any additional capital against current or future Bitcoin holdings.
Panther is uniquely positioned to adopt this strategy due to the combination of its listing on the Main Market of the London Stock Exchange, and the digital currency regulatory advantages of the Company being domiciled in the Isle of Man. Panther is immediately starting the process to gain an OTC Markets listing.3
Whilst the Company’s core business is and will remain focused on building real world Critical Mineral commodity-based assets valued in fiat currencies, this financing strategy will make Panther a dominant player in bridging the gap between the fiat system and decentralised digital cryptocurrency.
Highlights
• Capital Raise for up to £4,000,000 to exclusively fund Bitcoin Treasury Reserve held with CoinCorner.
• Bitcoin Reserve is part of a hybrid treasury model that blends traditional hard assets with Bitcoin decentralised cryptocurrency.
• Panther’s physical commodity inventory, encompassing Critical Minerals, gold and other precious metals, will see continued growth, supported by the Bitcoin Treasury.
• Funds from the exercise of existing Warrants during the Capital Raise process will be credited towards the £4 million total, to minimise the dilutive effect for current shareholders.
• Critical Minerals are considered the building blocks of the green and digital economy.
• Pick Lake Mining Property hosts approximately 85% of the 2.34 Mt Total Mineral Resources on the Winston Project.
• The 2021 Feasibility Study valued the Winston Project at a NPV8% of C$175.8 M pre-tax, assuming zinc priced at US$2,700/t, copper at US$7,300/t, gold at US$1,635/oz & silver at US$21/oz. At a derisked 6% discount Pre-tax NPV = C$213.2M. based on an Ore Reserve of 1.96Mt @ 13.9% Zn, 0.6% Cu with significant gold and silver credits.
About CoinCorner
CoinCorner Ltd is a Isle of Man based, Bitcoin focused, company with experience serving individuals, businesses, high net worth individuals, family offices and trusts. Established in 2014 they have over 4,000 commercial clients, 350,000 users and are available in over 40 countries. Their business clients include the likes of well-known brands such as Costa Coffee and Hotel Chocolate, and provide multi-currency accounts including Pounds Sterling, Euro, Bitcoin and Tether (USDT, Stablecoin).
About Evoke Solutions
Evoke Digital Solutions Ltd (“Evoke Solutions”, www.evokesolutions.io) is a United Kingdom based Bitcoin digital asset advisory firm working with individuals, companies, and investment groups on the secure implementation of Bitcoin strategies. With expertise in multi-signature wallet architecture, governance, and operational security, Evoke supports clients in designing infrastructure aligned to their strategic objectives. Advisory services are tailored to each client’s preferred custody and capital structure.
Darren Hazelwood, Chief Executive Officer, commented:
“Panther Metals is taking a bold step forward by combining the strength of traditional hard assets with the strategic benefits of digital finance. By establishing the Bitcoin Treasury, we’re not only diversifying our funding strategy – we’re positioning the Company to access faster, more flexible capital, while protecting long-term shareholder value.
This hybrid approach allows us to leverage Bitcoin to fund high-quality mineral projects like Pick Lake whilst being less dilutive to our shareholder base, due to the more attractive terms being offered by the digital space. It’s a model that aligns Panther with the future of finance – where digital assets can be used as productive capital, not just passive holdings.
In today’s inflationary environment and volatile capital markets, Bitcoin provides a unique hedge against fiat currency risk. Combined with our focus on Critical Minerals – the building blocks of the green and digital economies – we’re creating a powerful platform for growth, resilience, and value creation.
This is not just an innovative financing tool – it’s a strategic shift. By blending the stability of physical resources with the flexibility of digital capital, Panther is building a business that can thrive through market cycles and remain ahead of the curve. Our goal is simple: to deliver long-term returns by staying agile, asset-backed, and forward-looking.“
References
1. Panther Metals PLC, announcement, Winston High-Grade Brownfield Critical Minerals Project: Panther Metals Secures Feasibility Study Stage Multi Element VMS Opportunity, dated 17 June 2025 (https://www.londonstockexchange.com/news-article/PALM/winston-high-grade-brownfield-critical-minerals/17088910 )
2. NI 43-101 Technical Report Feasibility Study for the Superior Zinc and Copper Project, dated 13 October 2021, prepared for Metallum Resources Inc by DRA Global (“DRA”).
3. OTC Markets: OTC Markets Group Inc. is a New York based financial services corporation that operates a financial market providing price and liquidity information for almost 12,400 over-the-counter (OTC) securities.
For further information, please contact:
Panther Metals PLC:
Darren Hazelwood, Chief Executive Officer: +44(0) 1462 429 743
+44(0) 7971 957 685
