Panther Minerals Announces Share Consolidation

Core Points - Panther Minerals Inc. will consolidate its common shares at a ratio of one post-consolidated share for every forty pre-consolidated shares to attract new investors [1] - The consolidation was approved by shareholders on September 15, 2025, and by the board on September 26, 2025, with a record date set for October 10, 2025 [2] - Trading of the post-consolidated shares is expected to begin around October 14, 2025, pending final approval from the Canadian Securities Exchange [2] - The company currently has 50,991,754 pre-consolidated shares, which will reduce to approximately 1,274,772 post-consolidated shares [3] - Adjustments will be made to the exercise or conversion price and number of shares for any outstanding convertible instruments [4] - Registered shareholders will receive a letter of transmittal for exchanging their existing shares for new post-consolidated shares [5] - Panther Minerals is focused on advancing a diversified portfolio of high-potential mineral projects, particularly in uranium assets across North America [6]