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

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (“Panoro” or the “Company”) (TSX.V: PML), is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., who has agreed to act as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the “Agents”), in connection with a “best efforts” private placement (the “Marketed Offering”) for the sale of up to 12,500,000 units of the Company (each, a “Unit”) at a price of C$0.40 per Unit (the “Offering Price”) for aggregate gross proceeds of up to C$5,000,000. Wheaton Precious Metals Corp., whose wholly owned subsidiary has previously entered into a precious metals purchase agreement with the Company in respect of the Cotabambas Project, had indicated to the Company, prior to settling the terms of the Marketed Offering, its intention to participate in the Company’s upcoming equity offering.

Read more at globenewswire.com