Panther Metals PLC - Developer of critical minerals projects in Ontario, Canada - Announces its disposal of Australian arm, Panther Metals Ltd. It disposes of all 18.2 million shares in the Australian Securities Exchange for net proceeds of around £219,000.

Chief Executive Officer Darren Hazelwood said: ‘We’ve always understood the drill bit is the ultimate driver for exploration success, and our exit from Panther Australia is in no way a reflection on their drill prospects and their very competent exploration team. To thrive in the junior exploration sector, one has to be pragmatic; it’s essential to be able to modify and adapt corporate strategies in order to best manage the interests of shareholders.’

Current stock price: 78.00 pence, up 4.0% in London on Friday afternoon

12-month change: down 5.5%

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