Darren Hazelwood Discusses Panther Metals’ Ontario Projects and Winston Tailings Opportunity at PDAC 2026

Panther Metals Plc (LSE: PALM) is advancing a portfolio of mineral projects in Ontario as it prepares to dual list in Canada.

Speaking with InvestorNews.com host Peter Clausi at PDAC 2026, Chief Executive Officer Darren Hazelwood said the company is moving toward a listing on the Canadian Securities Exchange to support exploration and development of its Canadian assets.

“We’re in the final throes of coming across to Canada,” Mr. Hazelwood said. “We’re going to dual list. We’re listing on the CSE, and our focus there is taking advantage of flow-through and enabling us to accelerate the growth in the business.”

Panther’s projects are located in Ontario, including the historic Winston mine on the north shore of Lake Superior.

“Our main focus in the short term is bringing the historic Winston mine on the north shore of Lake Superior,” Mr. Hazelwood said. “It was producing from ’88 to ’99.”

The Winston deposit is a volcanogenic massive sulphide system that historically focused on zinc recovery. “The deposit itself contained a bit of this and a bit of that, but at the time the focus was very much on the zinc recoveries,” he said. “So that’s what the plant was optimized for.”

Historic records show additional metals were produced from the deposit. “We know from the historic data that they produced over 50,000 ounces of gold, for instance, out of that VMS deposit,” Mr. Hazelwood said.

He said the tailings from the historic operation may contain additional metals. “We know that the tailings pond contains the precious metals,” he said. “It’s also got additional credits — gallium. There is some copper in there. There’s some zinc.”

Panther is evaluating the Winston tailings with Extrakt Process Solutions, LLC, a company that provides proprietary extraction technology and has a strategic alliance with Bechtel Energy Technologies & Solutions.

“We’re working with Extrakt on recoveries, and we expect to have our first samples in over the next few weeks,” Mr. Hazelwood said.

Initial sampling from the tailings has already returned measurable metal values. “We actually got up to 0.82 grams a ton gold, up to 20 grams a ton silver, and we got some nice gallium credits within there and other stuff,” he said. “Indium would be another.”

The company also holds exploration projects in the Obonga Greenstone Belt in Ontario. “We’ve got some true district-scale opportunities in Ontario, particularly the Obonga Greenstone Belt,” Mr. Hazelwood said.

“Our plan is to take it all the way through to production.”

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