Panther Metals Shares Surge 22% After Bitcoin Treasury Announcement

Panther Metals Plc, a mineral exploration company focused on Canadian assets, has announced the establishment of a Bitcoin treasury account to support its upcoming acquisition of the Pick Lake deposit in Ontario. The company opened the Bitcoin Treasury account with a Bitcoin services provider. Panther plans to hold £4 million ($5.3 million) worth of Bitcoin as part of its treasury reserve. The firm will use a portion of these holdings as collateral to secure a loan that will finance the mineral asset purchase.

Panther’s strategy involves using its Bitcoin holdings to back a £1.3 million ($1.7 million) loan. This allows the company to finance the Pick Lake purchase without liquidating its entire Bitcoin reserve. This approach enables Panther to retain full exposure to Bitcoin while unlocking liquidity needed for its mineral exploration activities. The funding of Panther’s Bitcoin treasury will come from two sources: conversion of monies from existing warrants and additional capital raised through the markets. Once these funds are secured, Panther will proceed with the acquisition financing, leveraging its Bitcoin holdings through a secured loan facility arranged with the Bitcoin services provider.

To ensure the Bitcoin treasury’s operational integrity, Panther has engaged a UK-based Bitcoin consultancy. The consultancy will advise on governance structures, security protocols, and operational setup, helping Panther implement best practices for managing digital assets. This partnership reflects an effort to maintain proper oversight and risk management in handling Bitcoin on the corporate balance sheet.

Panther’s Bitcoin treasury approach represents a hybrid model that combines cryptocurrency reserves with traditional physical commodities such as gold, copper, and zinc. This contrasts with companies that have pursued aggressive Bitcoin accumulation as their primary treasury asset. By pairing digital assets with critical mineral holdings, Panther seeks to create a diversified balance sheet that reflects both decentralized capital and tangible resources.

In the wake of the announcement, Panther Metals’ shares increased by 22%, thus indicating that investors approve both the Bitcoin incorporation and the company’s plan to raise financing. Panther has become part of a list of publicly listed corporations that integrate Bitcoin into treasury management. Similarly, a real estate business firm declared its purchase of 1,000 Bitcoins. It will add up to 4,000 BTC in the future, with the goal of integrating real estate with digital assets.

Panther Metals, a mining company, has announced a strategic move to integrate Bitcoin into its treasury, aiming to finance the acquisition of mineral deposits in Canada. The company plans to hold £4 million ($5.3 million) worth of Bitcoin as part of its treasury reserve. A portion of these holdings will be used as collateral to secure a loan for the acquisition of the Pick Lake deposit, a key component of its Winston Project in Ontario. This deposit is estimated to contain approximately 85% of the Winston Project’s 2.34 million tonnes of total mineral resources, which include zinc, copper, gold, and silver.

The company's CEO highlighted that this strategy is not just an innovative financing tool but a strategic shift. By blending the stability of physical resources with the flexibility of digital capital, Panther Metals aims to build a business that can thrive through market cycles. The company has opened a Bitcoin Treasury account with the Bitcoin services provider and retained a consultancy to advise on the operational architecture, security protocols, and governance of its digital asset strategy.

To fund the £4 million Bitcoin purchase, Panther Metals will raise capital through the exercise of outstanding warrants and a targeted capital raise. The company emphasized that it will maintain the full Bitcoin position even after the loan is secured, creating a hybrid treasury that supports both liquidity and long-term asset exposure. This approach allows Panther Metals to unlock acquisitions without diluting shareholders, as Bitcoin-backed finance provides a compelling way to fund strategic investments.

The regulatory advantages of this structure have been noted by the company. Panther Metals is also seeking a listing on OTC Markets in the United States to expand its investor reach. While no further borrowing is currently planned, the company indicated that it may increase its Bitcoin Treasury and reuse the strategy for future acquisitions. Panther Metals also stated that it will hedge any volatility in Bitcoin through traditional means if needed, ensuring the £4 million position is preserved.

This move by Panther Metals represents a rare fusion of hard assets and digital capital, positioning the company at the forefront of a new trend in the mining industry. By leveraging Bitcoin directly as working capital, Panther Metals joins a growing number of public companies exploring Bitcoin as a reserve asset. This strategy offers a new use case where digital assets unlock hard-asset growth, potentially setting a blueprint for junior mining finance in the future.