New AIM admission: Future Metals PGM potential

Future Metals NL did not raise any cash when it gained a secondary quotation on AIM to go with its existing ASX listing. Future Metals was previously known as Red Emperor Resources, which had been involved in oil and gas, and it cancelled its AIM quotation to make it easier to complete its acquisition of Great Northern Palladium.

The acquisition was completed in June, and that brought an 80% stake in the Panton PGM project in Western Australia. After Future Metals owns 100% after it took up the option to buy the other 20%.

This is an area that has been explored in the past and Future Metals knows that there is a potential project because of the past work done in the area. Panton is a high-grade resource with potential to increase resource levels and for a re-rating of the company’s ...

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