Panoro Minerals upsizes private placement to $21M for Cotabambas project development

Panoro Minerals Ltd. has increased its private placement financing from C$20 million to approximately C$21 million due to strong investor demand. The company will sell up to 22.1 million common shares at C$0.95 each, with proceeds earmarked for exploration and development of its Cotabambas Copper-Gold-Silver Project in Peru, as well as general corporate purposes. The offering is expected to close around May 13, 2026, pending regulatory approvals. This funding boost supports Panoro's ongoing efforts to advance its significant mineral resource base in the Apurimac region of Peru.