Pan Global Resources Expands Private Placement to $7M on Strong European Institutional Demand

• Private placement increased from $3M to $7M due to strong institutional demand
• European investors represent over 80% of financing amount
• Funds earmarked for 2025 exploration, including maiden drill program at Bravo target
• Units priced at $0.12, including half-warrant exercisable at $0.16 for 18 months
• Strategic Spanish partner and prominent European resource fund as lead investors

About Pan Global Resources

Pan Global Resources Inc. is a forward-thinking mineral exploration company strategically focused on copper-rich deposits, positioning itself at the forefront of the global electrification and energy transition movement. The company's crown jewel, the Escacena Project, is strategically located in southern Spain's renowned Iberian Pyrite Belt. Operating in a tier-one mining jurisdiction, Pan Global benefits from robust infrastructure, established mining expertise, and strong support from the European Commission, which designates copper as a Strategic Raw Material. The company's leadership comprises seasoned professionals with proven track records in exploration, development, and mining operations, all operating under UN Global Compact principles with a steadfast commitment to environmental stewardship and community partnership.

Private Placement Details

The company's announcement of an increased private placement from $3 million to $7 million marks a significant vote of confidence from institutional investors, particularly European resource funds. The financing structure involves the issuance of up to 58,333,333 units at $0.12 per unit, with each unit comprising one common share and a half warrant. Each whole warrant entitles holders to purchase an additional common share at $0.16 within 18 months of the offering's closure. The extension of the warrant term from 12 to 18 months provides investors with additional flexibility and opportunity for participation in the company's potential upside.

European Institutional Support

A noteworthy aspect of this financing is the strong backing from European institutional investors, who account for more than 80% of the total amount. This includes a lead order from a strategic partner in Spain and a significant commitment from a prominent European resource fund. This robust institutional support not only validates Pan Global's business model and exploration potential but also aligns with the European Union's strategic focus on securing critical minerals within its borders.

The Escacena Project Advantage

The Escacena Project represents a compelling exploration opportunity, encompassing 5,760 hectares of prime real estate in the eastern section of the Iberian Pyrite Belt. The project's strategic location, adjacent to the former Aznalcóllar and Los Frailes mines and near the operating Riotinto mine, positions it within a proven mining district. The property hosts multiple discoveries, including the La Romana copper-tin-silver and Cañada Honda copper-gold deposits, along with several promising targets, most notably the Bravo target, which exhibits a large gravity anomaly just 1km east of La Romana.

2025 Exploration Program

The expanded financing provides Pan Global with enhanced capability to execute its 2025 exploration program. A central focus will be the maiden drill program at the highly prospective Bravo target, which has generated significant interest due to its proximity to both La Romana and the former Aznalcóllar mine. This strategic location, combined with compelling geophysical signatures, makes Bravo a priority target for the company's exploration efforts.

Summary & Implications

The successful upsizing of Pan Global's private placement to $7 million represents a significant milestone for the company, demonstrating strong institutional confidence in its strategic direction and exploration potential. The substantial participation from European investors aligns perfectly with the company's focus on developing critical mineral resources within the EU's jurisdiction. This financing provides Pan Global with the necessary capital to advance its ambitious exploration program, particularly at the promising Bravo target, while maintaining a strong treasury position. The company's strategic position in the Iberian Pyrite Belt, combined with its technical expertise and strong institutional backing, positions it well to capitalize on the growing demand for copper in the global electrification movement. As Pan Global moves forward with its 2025 exploration program, investors can look forward to consistent news flow and potential value creation through systematic exploration of its highly prospective land package.