Panoro Minerals Ltd. Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million

Core Viewpoint - Panoro Minerals Ltd. has announced a private placement to raise up to C$5,000,000 through the sale of 12,500,000 units at C$0.40 per unit, with participation from Wheaton Precious Metals Corp. expected [1][4]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.60 within 36 months [2]. - An option is granted to agents to sell an additional 2,500,000 units for up to C$1,000,000 in gross proceeds [3]. - The offering is scheduled to close on November 18, 2025, subject to regulatory approvals [7]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment for the Cotabambas Project, along with working capital [4]. Group 3: Regulatory and Trading Information - The units will be offered to purchasers in all Canadian provinces except Québec and may also be sold in offshore jurisdictions and the U.S. under certain exemptions [5][8]. - The securities will not be registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or applicable exemptions [8]. Group 4: Company Focus - Panoro is focused on completing technical objectives for the Cotabambas Project, including project optimization studies and engaging in discussions for strategic alternatives to advance the project [10].