Pan Global Resources (PGZ, PGZFF) a Proven Ground Exploration company, will doing a non-deal roadshow in the Palm Beach Area tonight. We’ll attend and report back on our findings. Mining in Spain is a new twist … for us.
Spains Critical Minerals Push
- Major Investments: The Spanish government is allocating €414 million to ramp up exploration, mining, and processing of critical raw materials. This includes a €182 million National Mineral Exploration Program (PNEM).
- Key Minerals: Spain is targeting strategic resources like rare-earth elements in Castilla-La Mancha, tin at Oropesa, tungsten at Barruecopardo and Galicia, and lithium extraction projects in Galicia and Extremadura.
- Current Status: Spain is already the European Union’s sole producer of strontium and sepiolite, its second-largest copper producer, and a major global source of roofing slate.
RECENT NEWS: Spain identified a rare-earth deposit that could supply one-third of Europe’s needs
RECENT NEWS: Pan Global Successful in Bid For Rights to Salamón Gold Project, in Spain.
The Salamón Project is located along the 100-km-long León Fault, a major deep-seated structural corridor that has historically hosted numerous high-grade mineral occurrences. It is 30 km east of Pan Global’s recent high-grade gold discovery at the Cármenes Project in an area with a mining culture and with access to power, road and rail.
LIVE QUOTE
Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices.
The Company’s flagship Escacena Project, hosting La Romana and Cañada Honda copper-tin-gold mineral resources, is in the prolific Iberian Pyrite Belt in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment.
The Company’s second project, at Cármenes in northern Spain, is an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mining operations. Pan Global Resources is committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact.
FOR MORE INFORMATION PLEASE CONTACT:
Jason Mercier, VP Investor Relations and Communications
jason@panglobalresources.com / investors@panglobalresources.com
Tel: +1-236-886-9518
www.panglobalresources.com
Forward-looking statements
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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