Panther Metals PLC (PALM.L) is a United Kingdom-based mineral exploration company focused on acquiring and developing projects in base, precious and energy metals within established mining jurisdictions including Canada, northwest Ontario and Australia. The company holds flagship assets such as the Obonga Project spanning 291 square kilometers across the Obonga Greenstone Belt with volcanic massive sulphide (VMS) targets including Wishbone, Awkward, Survey, Ottertooth and Silver Rim; the Dotted Lake gold Project located 16 kilometers from Barrick Gold's Hemlo Mine; the Manitou Lakes gold Project on the Eagle-Manitou-Wabigoon Greenstone Belt encompassing Glass Reef, West Limb and Catwill areas; and the recently advanced Winston Project featuring high-grade polymetallic VMS deposits with zinc, copper, gold, silver, gallium and cobalt in recoverable mine tailings supported by existing infrastructure, power lines and an onsite processing facility. Founded prior to its 2018 listing on the Main Market of the London Stock Exchange's standard segment and headquartered in the Isle of Man, Panther targets scalable discoveries of copper, zinc, lead, nickel, gold, platinum group elements and graphite through advanced geophysical surveys, drilling programs and resource estimation. In mid-2025, the company executed transformational option and purchase agreements to assemble the Winston Project, a near-term cash generative asset with a feasibility study indicating 33.40ktpa contained zinc and 1.3ktpa copper production potential; integrated a $5.4 million Bitcoin treasury using £1.3 million as loan collateral to fund the Pick Lake deposit acquisition within Winston without equity dilution; sold its remaining Fulcrum Metals stake for £266,879 cash proceeds and issued shares to extend the Obonga agreement with Broken Rock Resources; raised £455,000 via placings and warrant conversions while streamlining its balance sheet; discovered graphite at Obonga's Awkward target; and appointed Winston Project advisory board members amid positive financing discussions with UK Export Finance, the Foreign, Commonwealth and Development Office and global commodities traders.