Panther Metals Establishes £4 Million Bitcoin Reserve for Asset Growth

Panther Metals, a company specializing in mineral exploration, has declared its intention to create a £4 million Bitcoin reserve, with CoinCorner serving as the custodian. This strategic decision is part of a broader initiative to combine traditional hard assets with digital currency to drive asset growth. The Bitcoin reserve will be funded through the conversion of existing warrants and additional capital raised from the market. This approach allows Panther Metals to utilize the liquidity of its Bitcoin holdings as collateral for a secured loan, facilitating the acquisition of the Pick Lake deposit within the Winston Project in Ontario, Canada.

The company's decision to integrate Bitcoin into its treasury strategy is motivated by the desire to access faster and more flexible capital while maintaining long-term shareholder value. By using a portion of its Bitcoin holdings as collateral, Panther Metals can complete the Pick Lake acquisition without diluting its shareholder base. This hybrid treasury model, which blends traditional hard assets with decentralized cryptocurrency, positions Panther Metals as a pioneer in bridging the gap between the fiat system and digital finance.

Panther Metals' core business remains focused on building real-world critical mineral commodity-based assets valued in fiat currencies. The company's physical commodity inventory, which includes critical minerals, gold, and other precious metals, will continue to grow, supported by the Bitcoin Treasury. The Pick Lake Mining Property, which hosts approximately 85% of the 2.34 million tonnes of total mineral resources on the Winston Project, is a key asset in this strategy. The 2021 Feasibility Study valued the Winston Project at a pre-tax NPV8% of C$175.8 million, assuming specific commodity prices and a derisked 6% discount pre-tax NPV of C$213.2 million.

The company has appointed Evoke Solutions, a UK-based Bitcoin consultancy, to advise on the operational setup, security protocols, and governance structures for its Bitcoin Treasury. CoinCorner, a leading Bitcoin services provider, will hold the Bitcoin Treasury account. This strategic partnership ensures that Panther Metals can navigate the complexities of digital asset management while maintaining robust security and compliance standards.

Looking ahead, Panther Metals plans to increase its Bitcoin Treasury using a similar funding structure, prior to further increasing its fiat-priced commodity holdings. However, the company has no immediate plans to access additional capital against current or future Bitcoin holdings. This strategic approach allows Panther Metals to remain agile and forward-looking, positioning itself to thrive through market cycles and deliver long-term returns to shareholders.

In summary, Panther Metals' establishment of a £4 million Bitcoin reserve custodied by CoinCorner represents a bold and innovative step in the company's growth strategy. By leveraging the strengths of both traditional hard assets and digital currency, Panther Metals aims to accelerate its asset growth and create a resilient platform for long-term value creation.