Panther Minerals Inc. (CSE:PURR) (OTCQB:GLIOF) (FWB:2BC), a North American mineral acquisition and exploration company, has initiated exploration activities on its East Brouillan Copper Property (the "EB Property").
The EB Property consists of 14 claims that span approximately 778 hectares, located in the northern region of the late Archean Abitibi greenstone belt of Quebec. It is situated along the eastern flank of the Brouillan Volcanic Complex, adjacent to the Brouillan tonalitic batholite, which is a significant syn-volcanic intrusion overlain by a sequence of calc-alkaline to transitional mafic and felsic volcanics and tuffs.
This region is a notable part of the mineral-rich northwestern Abitibi sub-province of Quebec, which has been the site of numerous significant mineral discoveries. However, it is important to note that geological conditions on nearby properties may not necessarily reflect those of the EB Property.
The current phase of exploration aims to establish various layers of exploration information through a systematic approach at both regional and local scales. This will assist in narrowing down potential areas for targeting VMS (volcanogenic massive sulfide) mineralization, along with other mineralization types within the project area.
Regional Scale Exploration
The regional-scale exploration program will encompass regional prospecting throughout the property, airborne geophysics, and soil sampling.
Local Scale Exploration
At the local scale, the program will include geological mapping of geophysical target zones and geochemical soil sampling. These activities are intended to evaluate the mineralization potential and further define the geological and geochemical characteristics associated with the project.
The company has identified three primary targets for exploration and will provide updates throughout the field season as the program progresses.
Additionally, Panther Minerals has entered into an arm’s length sale and purchase agreement dated February 18, 2026 (the "Agreement") to acquire a 100% interest in the Rubidium Ridge Lithium-Tantalum property (the "RR Property") from Usha Resources Ltd. (TSXV:USHA).
The RR Property, consisting of 110 claims, represents an advanced grassroots exploration project located approximately 180 kilometers west of Thunder Bay. Previous exploration by Usha has yielded promising results.
Under the terms of the Agreement, Panther Minerals will acquire its 100% interest in the RR Property by making a cash payment of $80,000 and issuing 4,500,000 common shares of the Company, referred to as "Consideration Shares." The RR Property will be subject to a 2% net smelter returns (NSR) royalty, with a buyback option for 1% at a cost of $1 million.
All Consideration Shares will abide by necessary statutory hold periods under National Instrument 45-106 – Prospectus Exemptions, as well as a six-month voluntary escrow period, during which Usha may not trade these shares. The parties involved in the Agreement are at arm’s length from Panther Minerals, with no finder’s fees applicable.
The Proposed Transaction is contingent upon obtaining all necessary regulatory approvals, including required filings with the Canadian Securities Exchange (CSE), due diligence customary for similar transactions, and the publication of a technical report on the RR Property in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The technical content of this release has been reviewed and approved by Mr. Babak V. Azar, P.Geo., an independent consultant and qualified person under National Instrument 43-101. Historical reports from the optionor were also assessed by the qualified person.
Panther Minerals Inc. focuses on developing high-potential precious and base metal properties, ensuring they are drill-ready. The Company is traded on the CSE under the symbol PURR, the OTCQB as GLIOF, and in FWB as 2BC. For further information, please visit Inside Ticker or contact us at 877-305-4150 or info@pantherminerals.ca.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements as defined by applicable Canadian securities laws. These statements involve inherent risks and uncertainties that could cause actual results to differ materially from those anticipated.