From Financialpost · · 1m
Pan Global Wins Spanish Grant for Copper Project
Pan Global receives €250,000 grant to speed up copper exploration in Spain.
In brief
Pan Global receives €250,000 grant to speed up copper exploration in Spain. Pan Global Resources Inc. got a €250,000 Spanish government grant to accelerate exploration at its Escacena copper project in southern Spain. Originally reported by Financialpost.
Pan Global Wins Spanish Grant
Pan Global Resources Inc. received a non-repayable grant of €250,000 (approx. C$400,000) from Spain's General Directorate for Energy Policy and Mining.
Grant for Escacena Copper Project
The funding will accelerate exploration at Pan Global's 100%-owned Escacena Project in southern Spain's Iberian Pyrite Belt.
CEO Statement
Tim Moody, Pan Global's CEO, said the grant highlights Spain's commitment to critical metals and allows faster exploration without diluting shareholders.
Project Background
The Escacena Project covers 14,753 hectares with two deposits discovered and over a dozen geophysical targets at Escacena South.
Current Exploration
Drilling expands the Cañada Honda mineral resource while geophysical surveys target Escacena South and Cármenes Project in northern Spain.
What matters most
Pan Global Resources Inc. got a €250,000 Spanish government grant to accelerate exploration at its Escacena copper project in southern Spain.
