Panther Metals (PALM) has been awarded membership of the United States Defense Industrial Base Consortium (DIBC), providing the company with access to US Government defence procurement and funding opportunities, focused on strengthening strategic supply chains, including critical minerals.
The DIBC supports US Government defence procurement initiatives aimed at addressing vulnerabilities within the defence industrial base, including through competitive solicitation programmes.
Since its inception, the DIBC has awarded more than US$410 million in funding across a range of projects supporting the US defence industrial base, including critical mineral supply chains.
Panther believes its Ontario-based critical minerals portfolio positions it as a credible candidate for consideration under future DIBC procurement and funding programmes.
Following confirmation of membership, Panther intends actively to engage with the DIBC and pursue relevant procurement and funding opportunities through the submission of proposals responding to critical mineral solicitations.
"Membership of the DIBC represents another important step in positioning Panther within the U.S. Government's critical minerals procurement and funding framework,” said Darren Hazelwood, Panther’s chief executive.
“Our ambition is significant. We believe the potential scale of our mineral assets warrants engagement at the highest levels of government and industry, particularly as North America accelerates efforts to secure long-term domestic and allied supply chains for strategically important minerals. We have been encouraged by the dialogue taking place over recent weeks, and this membership provides a further opportunity to translate that engagement into tangible progress. We are no longer simply identifying opportunities. We are positioning Panther to participate directly in the programmes designed to deliver them. The foundations are now in place, and our focus turns to execution."
View from Vox
Panther continues to move forward with the positioning of its suite of North American assets. Much of this year has been spent on exploration and development, but recently the company has been focussing on establishing relationships that look towards establishing relationships
with end-users. And all this work has not gone unnoticed by the market, which has bid up Panther’s shares such that they are trading at almost five times the levels they were at last December.