(Alliance News) - Panther Metals PLC on Thursday said its networks have proven resilient despite the challenges experienced during 2020, allowing it to exceed its own expectations during the calendar year.
The Malaysia-based investor in natural resources said it is in an "extraordinarily strong" position moving into 2021, due to "listing the business on the London Stock Market, coping with the unknowns around Covid-19, building the trust of the investment community and putting in place the right foundations to allow us to build the business from a solid platform."
"Ownership of 100% of our assets ensures the business has control during the exploration and development phase of each asset, providing our shareholders with security that our experience and expertise in creating value along the curve can be reflected directly in the company," said Chief Executive Darren Hazelwood.
Looking ahead, the company said it intends to focus on accelerating the development of its portfolio in 2021.
Panther Metals also said it has decided not to renew its services with Peterhouse Corporate Services in 2021 as it "maintains its core principle of looking to direct funds into its projects on the ground as it develops the business."
Shares in Panther Metals were up 8.1% at 15.40 pence in London on Thursday.
By Zoe Wickens; zoewickens@alliancenews.com
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Panther Metals (PALM)