According to Foresight News, Canadian-listed mining company Panther Metals is planning to purchase approximately $5.37 million worth of Bitcoin to add to its reserve holdings. The funding for this acquisition will be sourced from two main avenues: the conversion of existing warrants and capital raised through the financial markets.
Following the completion of the capital raising, Panther Metals intends to utilize a loan facility, secured by its Bitcoin holdings, to finance the acquisition of Pick Lake. This strategic move highlights the company's commitment to integrating cryptocurrency into its financial strategy.
