Subscription to Raise c. £130,000

Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, notes the Fulcrum Metals PLC ("Fulcrum", LON: FMET) announcement of a further subscription of 1,625,000 new ordinary shares of nominal value 1 pence each ("Ordinary Shares") in the capital of Fulcrum (the "Subscription"; "Subscription Shares") at a price of 8 pence per Subscription Share raising Fulcrum £130,000 before expenses. The Subscription is in addition to Fulcrum's previously announced capital raise on 13 September 2024.

Panther currently holds a total of 7,625,122 Ordinary Shares in Fulcrum, which shall represent a 12.38% interest in the enlarged issued share capital of Fulcrum following the issue and admission to trading on AIM, the market of that name operated by London Stock Exchange PLC of the Subscription Shares, plus 714,286 warrants exercisable into one new Ordinary Share each at 17.5 pence each with a two-year life from 14 February 2023 and a further 476,190 warrants exercisable into one new Ordinary Share each at 26.25 pence each with a three-year life from 14 February 2023. Panther also retains a 2% net smelter return (NSR) royalty over the Big Bear Project.

Obonga Project

Dotted Lake Project

Fulcrum Metals plc

Panther Metals Australia

Panther Metals' Australian assets were listed on the Australian Securities Exchange ("ASX") in December 2021. The ASX listing has provided the Australian projects with the necessary capital to advance drill-ready targets focused on nickel and gold (within the Tier 1 Mining Districts of Laverton WA and in the NT). Through this spin-out Panther holds an attractive investment prospect, without any disruption to the Company's capital structure and without any financial obligations.

Conclusion