Panther Metals IPO: How to invest in this metal explorer?

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Panther Metals IPO: How to invest in this metal explorer?

Panther Metals ASX listing, Panther Metals, ASX, IPO
Image source: © Stavklem | Megapixl.com

Highlights

  • Panther Metals to list on ASX on 10 December 2021.
  • Proposed ASX:PNT is raising funds to explore untapped growth in nickel and gold.

London-listed Panther Metals PLC – is soon listing a local subsidiary on ASX with ticker (ASX:PNT). Its IPO was offering shares to raise AU$5,000,000. The Company is to list on ASX on 10 December 2021.

So, let’s dive deeper.

Details of Panther Metals’ IPO-

  • Panther Metals IPO raising of AU$5 million at 20 cents per share, recently closed, 30% oversubscribed.
  • IPO lead managers were Sanlam Private Wealth and Kerr Allan Financial.
  • Post-listing, Panther Metals is expected to have an enterprise value of AU$5.25 million,
  • The UK listed Panther Metals PLC (LSE:PALM) holds a 36.6% stake in the Australian-listed entity, proposed ASX:PNT.

What is Panther Metals’ business?

  • Panther Metals is a mining and exploration company having Nickel-Cobalt and Gold tenements in Western Australia and Northern Territory.
  • Proposed ASX:PNT has 100% ownership rights to tenements, including the Coglia and Red Flag nickel-cobalt projects near the Tier 1 district of Laverton and Merolia and Mikado gold projects WA.
  • In NT, it has rights on the Pine Creek Orogen alongside the Annaburroo and Marrakai gold projects.
  • PNT has untapped growth potential related to nickel and gold exploration assets; on listing, the company want to focus on these targets and improve shareholders retained value.

How to invest in Panther Metals shares?

  • Panther Metals is expecting to list on ASX on 10 December 2021, following the issue of 25,000,000 ordinary shares at an offer price of AU$0.20 per share in IPO.
  • Rather than buying commodities gold, cobalt and nickel, investors may buy Panther Metals shares to get exposure to these metals.
  • However, before investing, understanding the business of Panther Metals is essential, including its size and scale of operations along with risks and returns.

Bottom line-

Amidst the ongoing buzz for battery metals and gold, Panther Metals’ portfolio brings investors exposure to both. Nickel and Cobalt are EV battery metals, and gold is a precious commodity. However, the success of Panther Metals in using funds raised from ASX will only be clarified with time.

Also Read: Armada Metals IPO: How to invest in the mining firm?

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