202621 releases
PAN GLOBAL EXPANDS NEAR-SURFACE HIGH-GRADE GOLD DISCOVERY AT CÁRMENES PROJECT, SPAIN: DRILLHOLES RETURN 7.29g/t AU OVER 9 METERS AND 1.53g/t AU OVER 38 METERS
Phase 3 drilling at the Providencia target on the 100%-owned Cármenes Project in northern Spain returned 7.29 g/t Au over 9.0 metres from 1.0 metre downhole in PVD18, including 28.10 g/t Au over 2.0 metres, with that interval also carrying 0.72 g/t Pt, 0.24 g/t Pd, 0.20% Cu, 0.17% Ni and 0.06% Co. PVD17 returned 1.53 g/t Au over 38.0 metres from 17.0 metres, including 2.25 g/t Au over 25.0 metres. Assays are pending for three holes, and a maiden drill program at Profunda, 1 km south, begins shortly.
Drill resultsPAN GLOBAL AWARDED SPANISH GOVERNMENT GRANT TO ACCELERATE EXPLORATION AT ESCACENA COPPER PROJECT, SPAIN
A non-repayable grant of €250,000 (approx. C$400,000) has been awarded to Pan Global's wholly-owned Spanish subsidiary Minera Sabina SLU by the General Directorate for Energy Policy and Mining within Spain's Ministry for Ecological Transition and the Demographic Challenge. The funds will support cartography, soil sampling, geophysical surveys and diamond drilling at the 14,753-hectare, 100%-owned Escacena copper project in the Iberian Pyrite Belt, southern Spain, with work scheduled to begin immediately. Drilling is underway at Cañada Honda and at Cármenes in northern Spain.
CorporatePAN GLOBAL INTERSECTS 83 METERS OF 1.74 g/t GOLD, EXPANDING NEW GOLD ZONE AT CÁRMENES PROJECT, SPAIN
Drillhole PVD16 at the Providencia target on the 100%-owned Cármenes Project in northern Spain returned 83 metres averaging 1.74 g/t gold from 9 metres downhole, including 9 m at 4.88 g/t Au, 0.04% Cu, 0.06% Ni, 0.08% Co, 3.0 g/t Ag, 0.27 g/t Pt and 0.19 g/t Pd, 2 m at 12.57 g/t Au, and 12 m at 2.65 g/t Au with 0.5 m at 32.2 g/t Au. Two holes remain in the Phase 3 program, with assays pending for four completed holes; drilling will then move to the Profunda target.
Drill resultsPAN GLOBAL SUCCESSFUL IN BID FOR RIGHTS TO SALAMÓN GOLD PROJECT, SPAIN
Tender bids for the Salamón Gold Project in León Province, northern Spain, submitted through two Spanish subsidiaries, have been accepted by the regional Directorate General of Energy and Mines following a competitive public tender by the authorities of Castile and León. The project comprises two mineral exploration permits covering 19 mining grid units totalling approximately 532 hectares, along the 100-km-long León Fault, 30 km east of Pan Global's Cármenes Project. Final acceptance is subject to disposition of a competing bidder's appeal.
AcquisitionPAN GLOBAL ENGAGES ADELAIDE CAPITAL FOR INVESTOR RELATIONS ADVISORY
An investor relations agreement has been signed with Adelaide Capital Markets Inc. to provide investor marketing and communications services, including coordination of a non-deal roadshow. The term runs from September 11, 2026 to September 30, 2026, with a one-time fee of CAD$12,500 plus applicable taxes and no stock options or other securities granted. Adelaide, principally owned by Deborah Honig, is at arm's length and holds 65,000 common shares; the agreement is subject to TSX Venture Exchange approval.
CorporatePAN GLOBAL INTERSECTS 15 METERS OF 3.9 g/t GOLD FROM SURFACE, CÁRMENES PROJECT, SPAIN
Drillhole PVD15 at the Providencia target on the Cármenes Project in northern Spain returned 15 meters grading 3.90 g/t gold, 0.04% copper, 0.11% nickel and 0.12% cobalt from surface, including 8 meters of 6.79 g/t gold with 0.50 g/t platinum and 0.28 g/t palladium, and 1 meter of 18.55 g/t gold. Results were reported for holes PVD11–PVD15; PVD11 returned no significant results. Expanded soil sampling identified a new copper anomaly 400–800 meters southwest of Providencia, with gold assays pending. Phase 3 drilling was expanded from eight to 12 holes, with three remaining.
Drill resultsPAN GLOBAL EXPANDS NEAR-SURFACE GOLD MINERALIZATION AT PROVIDENCIA WITH 2.36 g/t GOLD OVER 80 METERS, CÁRMENES PROJECT, SPAIN
Surface channel sampling at the Providencia target on the 100%-owned Cármenes Project in northern Spain returned 2.36 g/t Au over 80 meters, including 3.21 g/t Au over 23 meters and 20.18 g/t Au over 5 meters (previously reported), along with 6.12 g/t Au over 6 meters in PVCC-02. First systematic underground sampling on the 1438m Level returned 2.40% Cu, 0.83% Ni, 0.27% Co and 0.25 g/t Au over 9 meters. An eight-hole diamond drill campaign is ongoing with assays pending for six completed holes.
Drill resultsPAN GLOBAL COMMENCES PHASE 2 DRILLING AT CAÑADA HONDA DEPOSIT: PROVIDES ESCACENA PROJECT UPDATE, SPAIN
Phase 2 drilling has started at the Cañada Honda copper-gold deposit at the 100%-owned Escacena Project in southern Spain, comprising an initial eight drillholes totalling approximately 2,500 metres targeting extensions of mineralization along a 3 km-long gravity and HEM anomaly. Three new mineral rights applications covering 2,853 hectares expand the project to approximately 16,745 hectares. A helicopter electromagnetic and magnetic survey over Escacena South begins in July, with a fully funded 20,000-metre drill program planned over 12-to-18 months.
Drill resultsPAN GLOBAL ANNOUNCES CLOSING OF $7.2 MILLION PRIVATE PLACEMENT WITH ALPAYANA
A non-brokered private placement with Alpayana has closed, with 45,000,000 common shares issued at C$0.16 per share for gross proceeds of C$7,200,000, subject to a hold period expiring October 13, 2026, with no finders fees paid. Alpayana's holding rose from 35,000,000 shares (9.61%) to 80,000,000 shares (19.55%), triggering early warning reporting. Proceeds will fund an expanded exploration and drill program at the Escacena and Cármenes projects in Spain, including Escacena South, and general corporate purposes.
FinancingPAN GLOBAL RECEIVES C$1.15 MILLION FROM WARRANT EXERCISES
A total of 7,205,495 share purchase warrants were exercised at $0.16 per share before their May 6, 2026 expiry, generating gross proceeds of $1,152,879 for Pan Global Resources. Proceeds will fund exploration at the Escacena and Cármenes projects in Spain and general working capital. The company remains debt-free and plans to double the scale of its exploration and resource delineation drilling at both projects following the closing of the recently announced $7.2 million financing with strategic investor Alpayana.
FinancingPAN GLOBAL REPORTS SURFACE HIGH-GRADE GOLD WITH 20.2 g/t OVER 5.0 METERS AT CÁRMENES PROJECT, SPAIN
Twin saw-cut channel sampling at surface at the Providencia target, Cármenes Project in northern Spain, returned 20.2 g/t gold over 5.0 meters, including 51.2 g/t gold and 1.9 g/t platinum and palladium over 1 meter, verifying earlier chip results of 15 g/t Au over 6m. Underground mapping at the 1,438-meter level identified over 180 meters of sulphide and hematite breccia, widening the system footprint to more than 100m x 60m. The drill program has been expanded to eight holes for an estimated 1,200 meters, with 800 underground channel samples in progress.
Drill resultsPAN GLOBAL ANNOUNCES $7.2 MILLION PRIVATE PLACEMENT WITH ALPAYANA
A non-brokered private placement with existing strategic investor Alpayana will see 45,000,000 common shares issued at C$0.16 for gross proceeds of C$7,200,000, leaving Alpayana with roughly 19.9% of Pan Global's outstanding shares on closing, subject to final TSX Venture Exchange acceptance. Proceeds will double the drilling plan to 20,000 metres at the Escacena and Cármenes projects in Spain. The board has elected not to proceed with the previously announced warrant extension; warrants expire May 6, 2026.
FinancingPAN GLOBAL TO EXTEND WARRANTS
The expiry date of 30,209,661 warrants will be extended from May 6, 2026 to August 6, 2026, subject to TSX Venture Exchange acceptance. The warrants were issued on November 7, 2024 as part of a $7.25 million private placement, each exercisable for one common share at $0.16, and none have been exercised to date. All other warrant terms remain unchanged.
CorporatePAN GLOBAL GRANTS ANNUAL INCENTIVE AWARDS UNDER THE LTIP
The Board has approved annual grants of 5,425,000 incentive stock options to officers, directors, employees and consultants under the shareholder-approved Omnibus Equity Incentive Compensation Plan. The options are exercisable at $0.14 per common share for five years from the date of grant. Vesting is 25% on grant, with a further 25% at each of the 6-month, 12-month and 18-month anniversaries of the grant date.
CorporatePAN GLOBAL REPORTS 29.8 G/T GOLD OVER 3.0 METERS AT PROVIDENCIA AND COMMENCES FOLLOW-UP DRILL PROGRAM, CÁRMENES PROJECT, SPAIN
Surface rock chip channel sampling at the Providencia target on the Cármenes Project in northern Spain returned 3.0 meters grading 29.8 g/t gold within 6.0 meters at 15.0 g/t gold, including 1.0 meter of 43.8 g/t gold, 1.06 g/t platinum and 0.82 g/t palladium. A seven-hole, 1,000-meter follow-up drill program is underway, and channel sampling is in progress in a newly exposed underground tunnel about 30 meters below previous underground sampling.
Drill resultsPAN GLOBAL COMMENCES 2026 DRILL PROGRAM AT ESCACENA PROJECT, SPAIN
Drilling has begun at the El Pozo target on the 100%-owned Escacena Project in Spain's Iberian Pyrite Belt, the first target in a 2026 multi-target program. Up to four holes will test a previously untested target defined by historical mine workings, copper-zinc soil anomalies and IP, EM and gravity responses, including a copper-in-soil anomaly trending over 1.6 km east-west. El Pozo lies less than 3 km north of La Romana and 2 km west of Cañada Honda. Further drilling is planned at the Cortijo, Trinidad and Carmen targets.
Drill resultsPAN GLOBAL ANNOUNCES 2026 DRILL PROGRAMS AT ESCACENA AND CÁRMENES PROJECTS, SPAIN
A combined 10,000-metre drill program for 2026 will test targets at the 100%-owned Escacena and Cármenes projects in Spain, where Escacena hosts more than 15 large untested priority drill targets and Cármenes more than 25 exploration targets. Escacena work includes an airborne electromagnetic and magnetic survey over Escacena South, drilling of El Pozo, Cortijo, Trinidad and Carmen, and resource expansion drilling at La Romana and Cañada Honda. Phase 3 drilling at Providencia begins in Spring following drill road construction.
Drill resultsPAN GLOBAL FILES NI 43-101 TECHNICAL REPORT FOR INITIAL MINERAL RESOURCE ESTIMATES AT THE ESCACENA PROJECT, SOUTHERN SPAIN
An NI 43-101 technical report for the Escacena Project in Spain's Iberian Pyrite Belt has been filed on SEDAR+, prepared by Orelogy Consulting Pty Ltd with an effective date of December 31, 2025. La Romana holds Measured and Indicated resources of 32.4 Mt at 0.37% Cu, 270 ppm Sn and 1.7 g/t Ag, plus Inferred of 4.0 Mt at 0.40% Cu, at a 0.2% Cu cut-off. Cañada Honda hosts Inferred resources of 5.0 Mt at 0.65 g/t Au, 0.14% Cu and 1.2 g/t Ag.
Resource updatePAN GLOBAL INTERCEPTS NEAR-SURFACE HIGH-GRADE GOLD AT THE CÁRMENES PROJECT, SPAIN
Phase 2 drilling at the Providencia target on the 100%-owned Cármenes Project in northern Spain returned 1.2 g/t Au over 10 m from 16 m and 3.5 g/t Au over 8 m from 77 m, including 5.8 g/t Au over 4 m, in drillhole PVD10. PVD07 returned 1.37 g/t Au over 1 m from 115 m, and PVD09 ended in 0.94% Cu, 0.06% Ni, 0.04% Co and 0.38 g/t Au over 1.4 m. Petrography confirmed free native gold in hematite breccia. A Phase 3 drill program is planned to start in the first quarter of 2026.
Drill resultsPAN GLOBAL GRANTS INCENTIVE AWARDS
A total of 1,015,150 Restricted Share Units have been granted to three executive officers at a deemed price of $0.165 per RSU as short-term incentive compensation, issued under the Company's shareholder-approved Omnibus Equity Incentive Compensation Plan. The RSUs vest on the one-year anniversary of the grant date. Following the issuance, 2,340,150 RSUs and 650,000 Deferred Share Units are outstanding under the Plan, which allows a maximum of 5,000,000 non-option equity awards.
CorporatePAN GLOBAL ANNOUNCES CLOSING OF $5.6 MILLION PRIVATE PLACEMENT WITH STRATEGIC INVESTOR
A non-brokered private placement with a strategic investor has closed, with 35,000,000 common shares issued at C$0.16 per share for aggregate gross proceeds of up to C$5,600,000. The shares are subject to a hold period expiring May 15, 2026, and the offering remains subject to final TSX Venture Exchange acceptance. Proceeds will fund an expanded exploration and drill program at the Escacena and Cármenes Projects in Spain, including the recently acquired Escacena South property, and general corporate purposes.
Financing
20253 releases
PAN GLOBAL CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
The second and final tranche of Pan Global Resources' non-brokered private placement closed with the issuance of 2,887,250 common shares for gross proceeds of $461,960. Combined with the first tranche closed October 22, 2025, the company issued 17,404,750 common shares at $0.16 per share for aggregate gross proceeds of $2,784,760. Finders' fees of $13,200 were paid on part of the second tranche, bringing total finders' fees to $59,568. The securities carry a four-month Canadian hold period.
FinancingPAN GLOBAL ANNOUNCES CLOSING OF FIRST TRANCHE OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT FINANCING
The first tranche of a non-brokered private placement has closed, with 14,517,500 common shares issued at $0.16 per share for gross proceeds of $2,322,800. The shares are subject to a four-month hold period expiring February 23, 2026, and finders' fees totalling $46,368 were paid on a portion of the tranche. Proceeds will fund exploration, including drilling, at the Company's flagship properties in Spain and general corporate purposes. One director received 100,000 shares.
Financing