For those new investors asking why PMT managed to raise at premium price in Quebec and why they spent huge amount money for drillings campign in 2024 and 2025 and building infrastructure in place whilst they are still being considered as an Explorer company.
" Flow-through shares are a financing tool available to a Canadian resource company that allows it to issue new equity (shares) to investors at a higher price than it would receive for “normal” shares, thereby assisting it in raising money for exploration and development.
This funding arranagement is available until 2027 therefore PMT has to take this advantage to build up one of the biggest resource in the world.
Companies that issue flow-through shares must spend all the money on exploration in Canada within 24 months of the time of purchase.
In general, flow-through shares (FTS) in Canada are typically locked in for a period of up to two years."
PMT Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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