Pan Asia continues suspension amid placement progression

Pan Asia Metals (ASX:PAM) is expecting to continue a voluntary suspension until 21 March 2024 pending the release of an announcement in regard to a proposed equity raise. 

The company entered into a trading halt on 30 January 2024 and then released an announcement regarding a suspension from quotation on 1 February. 

Pan Asia notes the company remains in discussions with strategic investors regarding the participation in the placement. 

The company is advancing lithium assets in both South America and Asia including the Tama Atacama Lithium Project, which covers a 1,200km-square area and sits in the Atacama desert in Northern Chile. 

The Reung Kiet Lithium Project is considered to be a lepidolite-style lithium project that sits about 70km northeast of Phuket, Thailand. 

Pan Asia’s KT Lithium Project is a compilation of 5 special prospecting licence applications that lie in the Phang Nga province in Southern Thailand, covering a 45km-square area. 

Pan Asia Metals is a battery metals-focused explorer that is advancing lithium projects in South-East Asia and South America. 

Write to Aaliyah Rogan at Mining.com.au   

Images: Pan Asia Metals
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.