Panther Metals PLC announced that Premier Miton Group plc has acquired a 7.23% stake in the company. The asset management firm now holds 768,222 ordinary shares according to the regulatory filing.
Premier Miton is a prominent institutional investor within the junior mining sector. This investment follows Panther Metals' £2.5 million fundraise completed in mid-June.
The company is currently executing an extensive drilling program at its Obonga project in Canada. Exploration work is specifically targeting the Awkward and Wishbone prospects.